Carleton Sheets - *Best-Selling Author
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Tag >> mortgage
It looks like more homeowners are falling behind on paying their property taxes in these tough economic times, and many are suffering the consequences---foreclosure. The homeowners whose property taxes are escrowed by the mortgage servicer and included each month with their monthly mortgage payment don't have to worry about paying their taxes---as long as they are able to make their mortgage
As an entrepreneur and self-employed businessperson for over 30 years, I realize that business decisions are not always "moral" decisions. I don't mean that most of these decisions are unethical or dishonest, but that they sometimes cause hardships and stress for others. It has always saddened me to hear when companies are forced to lay off employees---especially valued employees who've worked
Posted by: Carleton Sheets in unemployment, Refinance, Real Estate, Obama, mortgage, loan to value, Loan, Interest Rate, Freddie Mac, Foreclosure, Fannie Mae, fair market value, Economy, Credit, borrower, Barack Obama on
Jul 02, 2009.
A recent article published by CNNMoney.com reports that the Obama administration has revised its initial mortgage refinancing program to help more borrowers---including those whose homes are valued below their loan amount---qualify for refinancing. The revisions also include stipulations that enable eligible borrowers who are either in default or at risk of defaulting on their loan to lower their
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,
Posted by: Carleton Sheets in Value, Securities, Real Estate, Property, mortgage, Market Value, Mark to Market, Comps, Comparables, Comparable value, Asset on
Mar 19, 2009.
Have you read or heard about mark-to-market accounting in the news lately? Mark-to-market accounting is an accounting theory of pricing assets based on their fair market value that larger banks use in reporting their shareholder equity. So how does this tie into the real estate market? When you are analyzing a property to purchase, you need to get a sense of its current value. You do this by
Investors everywhere are cheering at the news that Fannie Mae has rescinded the 4-property limit. The limit had been decreased to four properties, but recently has been raised to 10 properties that can be financed through conforming guidelines and insured by the mortgage giant. Although investors could obtain non-conforming financing through other financing sources, it was often more
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
Posted by: Carleton Sheets in Real Estate Market, Real Estate, mortgage, Land, Housing Market, Foreclosure, Economy, Credit crunch, commercial real estate, Commercial Lending, Builder on
Jan 26, 2009.
Builders can't seem to get a break. Those who managed to weather the economic storm so far are coming under fire again---according to a recent article in The New York Times. When I first read the article, I couldn't help but agree that the home-building industry "faces a devastating reversal of fortune," and I wasn't surprised that some lenders are foreclosing on newly constructed
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