Official Carleton H. Sheets^® Website

Overwhelmed with the sheer volume of foreclosures and mortgage modifications, a number of lending institutions are unloading their portfolios of toxic mortgages and the notes are starting to trickle to investors.

Notes can be a good way to secure long-term wealth, since you are the "bank", collecting the monthly mortgage payments plus interest. Prices for purchasing these mortgage notes,

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Last week, the Obama Adminstration put the new housing plan in effect. Under this part of the plan, lenders are given incentives for enacting loan modifications to lower monthly mortgage payments. These modifications would be available not only to borrowers who are currently late on their payments, but may also qualify borrowers who are current on payments but deemed "at risk."

I was reading

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With all the government bailout programs "floating" around, you may wonder how the programs are actually implemented in your area¾or your situation.

I was just rereading an article in Forbes magazine featuring a mortgage company called Lend America. Lend America is banking on the HOPE for Homeowners plan, which aims to help borrowers who owe more than their home is worth. Lend America will

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Whether I'm reading the newspaper or reading articles online, I'm always looking for positive news. In a move that I think is a positive step forward, JPMorgan Chase has extended loan modifications to investor-owned loans. According to the article, loan modifications on investment properties could be anything from lowering the principal of the loan, to adjusting the interest rate or the payment

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