Nevada HOA Super Liens Can't Extinguish a First Position Mortgage
Monday, October 31
The U.S. Court of Appeals for the Ninth Circuit has recently held that a super priority lien held by a homeowners association cannot constitutionally extinguish a mortgagee's first priority mortgage on a property in a non-judicial foreclosure action. The decision, which was made in a 2-1 vote, ov...
Mortgage Notes & Seller Financing: What You Need to Know
Thursday, August 04
While a mortgage should be a vehicle for complete homeownership, many buyers and sellers are coming to realize the obstacles associated with a traditional mortgage loan. Buyers who have a poor credit score, gaps in their employment history, or too much debt run into trouble when they apply for a ...
Here's How to Optimize Your Home's Property Value
Thursday, July 07
The U.S. housing market is heating around most of the country, according to Nationwide's "Health of Housing Markets" report. In the report, Nationwide ranked the housing market at 104.3 for the first quarter of 2016, which indicates a healthy market and a lower risk of housing downturn over the n...
U.S. Tightens Mortgage Lending Guidelines
Friday, October 30
A new set of rules intended to make U.S. mortgage terms clearer to borrowers recently went into effect and requires the final terms of a mortgage to be shown to borrowers at least three business days prior to the closing date. These guidelines come as part of the Dodd-Frank reforms geared toward ...
Choosing a Mortgage Note Buyer
Friday, October 02
People choose to sell their mortgage notes for a number of reasons. You may need the money for unexpected medical bills, want to buy a new home or vehicle, or no longer wish to serve as the bank. Whatever the reason may be, it's important that you select an experienced and reputable note buyer wh...
How Does Selling a Mortgage Note Impact Taxes?
Monday, August 31
If you are a mortgage note holder, selling your note can be beneficial for a number of reasons. For starters, you no longer have to serve as the bank and collect payments from the borrower. Secondly, you can receive an ample return on your investment up front, rather than collecting it in bits an...