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Financial helpdesk |
Hard Money Loan – Borrowing Made Easy|
When you require funds in urgency and cannot wait for weeks to search for lenders for traditional loans, your best option is to go for a Hard Money Loan. There are tons of loans available in the market today for real – estate investors, but one common type of loan is hard money loan. Such loan allows investors to buy and fix investment property and if used correctly it can be definitely put money in your pockets.
A hard money loan
is a specific type of borrowing in which a borrower receives loans based on the value of a specific commercial real estate. The lender approves the loan based on the equity in the assets. The ease for getting such loans has made the interest rates go higher than other categories of loans. Unlike traditional money lenders in hard money loan, the lenders do not spend amount and time in verifying the borrowers’ credentials like his income, tax history or credit history. The lenders borrow the amount totally based on the value of the real assets. Hard money loan is funded very quickly and you do not have to wait for weeks. There is considerable flexibility in the loan terms which can vary from 6 months – 20 years.
Hard money lenders restrict their lending to not more than 70 percent of their assessed value of a real estate property. This shows the rest of 30 percent is your goes to your down payment or equity. There are many high costs involved in hard money loan which makes the loan very expensive. The lenders always look for a strong return on their investment and charge you rate of interest in between 10 – 18 percent. There is also another major disadvantage as your loan will not be reported to the credit bureaus. This means that even if you pay your loan in a timely manner, it will not improve your credit report in any sense. There is also the facility of foreclosing properties with delinquent payments through hard money lending. These types of issues are generally avoided by traditional banks.
Thus hard money loan gives you the benefit of a large amount of funding without considering your financial income or credit history. You just have to have a real estate property and have enough of equity assets to fill out the application for such a loan. If you solely think that you can get a benefit from hard money lending, then do your research and know your lender well before signing on any documents for the loan.
|(Published: Fri, 19 Mar 2010 10:28:00 +0000)|
Financial Debt Solutions |
What Is This Refinance Auto Loan Thing?|
|So, if you have an existing car loan, have you considered auto refinance loans? Many people are looking into refinance car loans today, thinking this might just be the ticket to lowering their payments and interest rate. Prevailing auto refinance rates are driving this move to get a better deal on car payments. Maybe you|
|(Published: Sun, 14 Mar 2010 07:42:26 +0000)|
Loan Modification |
How to Identify Bad Credit Cards|
|What you know about spotting bad credit cards can definitely help you especially if you are in the position of trying to fix or repair your credit. Learn different ways to identify bad credit cards and you will be one step ahead when it comes to your financial future.|
|(Published: Sun, 22 Nov 2009 07:13:50 +0000)|
Credit Cards for People With Bad Credit |
Rebuilding your credit|
|Credit repair companies advertise their ability to help you escape debt and rebuild credit by taking a new loan. While you do pay off existing loans through consolidation, refinancing or settlement, you may be in no better shape once your new loan is in place. Often, this new loan is still issued at a high |
|(Published: Thu, 17 Feb 2011 19:40:07 +0000)|
Foreclosure attorney in Chicago |
Foreclosure Settlement Checks Disappoint|
|It was recently announced that foreclosure settlement checks would be sent to millions of homeowners in American to compensate them for their foreclosures. These checks are an attempt to rectify what many believe to be dishonest practices by mortgage loan servicing companies. Those receiving checks were sent foreclosure notifications in 2009 and 2010.
As foreclosure settlement checks began to arrive many recipients were underwhelmed by the amount they were given. According to an article in The Huffington Post
, one big issue with the foreclosure settlement checks is that they are being awarded to everyone who received a foreclosure notice in 2009 and 2010. Even though some of these people were foreclosed on for good reason. The reason for the major disappointment is that in advance of sending the checks people were provided with a chart
that would help them determine the size of their foreclosure settlement checks. The chart titled, Independent Foreclosure Payment Agreement Details
allowed homeowners to get an exact number that they were expecting from the payout and as checks arrive it’s becoming obvious that the expectations made from the chart are not becoming a reality.
The Huffington Post article goes on to explain the process of awarding these checks and how things went wrong:
"To some degree, the checks represent a math problem. In crafting the deal, regulators at the Office of the Comptroller of the Currency and the Federal Reserve determined that all 4.4. million people who received a foreclosure notice in 2009 or 2010 would receive a payout, regardless of whether they suffered any harm. If the $3.6 billion allocated to these homeowners was evenly allocated, everyone would receive a check for a bit more than $800.
Yet regulators also wanted to deal out more money for people who suffered the most obvious harm. Eventually, they created 11 categories. A "completed foreclosure" of a borrower protected by bankruptcy law, for example, would yield at minimum a $31,250 payout. Others would receive just $300.
Borrowers who previously applied to the foreclosure review would typically see their payout double, according to the chart.
Given the well-documented complaints that homeowners have made for years about how their bank or mortgage "servicer" managed their loan account, it's probably not surprising that many would find their payout amount unsatisfying. When the payout plans were announced last year, many felt the expected recompense figures were paltry compared to the injustice they had suffered.
Now, many borrowers are saying that they've gotten less than what they should have received -- based not simply on their own sense of injustice, but on their understanding of the payment chart. They said they were especially frustrated that their check came with no explanation of how their payout was calculated."
Ultimately foreclosure settlement checks should be a good thing. Unfortunately after getting their hopes up, many were left disappointed after receiving their payment.
These foreclosure settlement checks are not for anyone who is facing foreclosure today. If you've been struggling to make mortgage payments it may be time to talk to a foreclosure attorney in Chicago
about the options available to you. Schedule a free legal consultation
with Chang and Carlin today!
|(Published: Wed, 08 May 2013 04:00:00 GMT)|
A Legal Source |
|Getting out of debt is a process that you can go through by taking advantage of existing federal laws known as bankruptcy laws. The qualified bankruptcy attorney can help you get out of debt from start to finish under Chapter 7 in approximately 120 days. Now, you must have the ability to file a Chapter 7. There are specific requirements. You have to qualify. However, if you do qualify for the fresh start Chapter 7, you can get out of most debts in approximately 120 days.|
|(Published: Wed, 10 Jul 2013 02:47:14 -0700)|
Bankruptcy Attorney Toledo |
In trouble? Call a Bankruptcy Attorney Toledo to get legal help|
|Bankruptcy is a circumstance of life when an individual or an organization misplaces their economic ability to pay back the cash which they have conceived from the lenders. Dwelling in such attenuating factors becomes difficult in case you may not get aid from the bankruptcy advocate. Bankruptcy Attorney Toledo had known as the experts have […]|
|(Published: Wed, 14 Aug 2013 09:17:33 +0000)|
Bankruptcy Attorney Miami |
Known experts in chapter 13 attorney Miami|
|Bankruptcy attorney are extremely needed in harsh situation and therefore it is essential to select them as per their practice record and knowledge to get succeeded in your case. If you are also looking for the attorney then you can take the services that are provided by the expert chapter 13 attorney Miami known to […]|
|(Published: Mon, 02 Sep 2013 05:33:07 +0000)|
Toledo Bankruptcy Lawyer |
Toledo chapter 13 attorney for chapter 13 solution|
|Toledo chapter 13 attorney can be your legal representative who can stop the creditor harassment, foreclosures, and wage garnishments against you. For a lawyer, it really does not matter how your problems start, they will bring in their experience and will bring financial hard times to an end. They are the right individuals who will […]|
|(Published: Thu, 26 Sep 2013 06:13:32 +0000)|
Bankruptcy Attorney Memphis |
Hiring Memphis chapter 13 lawyer is the best choice to come out from the problem|
The need of hiring Memphis chapter 13 lawyer is so essential that the only the person who has taken the brave decision will know the importance. You will definitely require a good lawyer who will take proper steps in solving the financial issue and help you in moving forward with bright future a head. When you are stuck with so much pressure around you and you don’t know what should be done then it is the best option to hire a lawyer for fulfilling all your needs by solving them. The lawyer will help you filing with such law and will guide you with the procedure in dealing the case. Lawyer will suggest you in choosing this chapter with many different reasons regarding your case.
The main reason in choosing this chapter is that the debt that a person’s own come in form of mortgage or back taxes to the government. If you are serious in dealing with the debt you owe then you should hire Memphis chapter 13 lawyer and fix an appointment for consulting. The initial consultation in generally free where the lawyer will evaluate the case and study the case and will decide on taking the case or not and at the same time you can decide whether you want to hire that lawyer or not. When you are completely satisfied with the lawyer then you can hire them for guidance in the process. The lawyer whom you hire will give relief from the problems which you are facing.
For more information about Memphis chapter 13 lawyer and chapter 7 attorney Memphis please click here
|(Published: Fri, 11 Oct 2013 11:07:00 +0000)|
Larsen Law Firm |
View Profile: margieford - Tactics Arena Community Forums|
|If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the|
|(Published: Thu, 27 Feb 2014 23:33:03 -0800)|
Credit Cards for People With Bad Credit |
Credit Cards and Bankruptcy|
Getting a credit card after a bankruptcy is not that difficult. You just need to know a few things and the right path to take. Although bankruptcy can deal a devastating blow to your credit and your credit score, the three-digit number lenders use to gauge your creditworthiness. However, the effects don’t have to last
|(Published: Thu, 13 Jan 2011 20:21:13 +0000)|
Bankruptcy Attorney Memphis |
Hire right bankruptcy attorney Memphis|
If you have come to that stage where you are not able to pay the debts and have decided on getting bankruptcy filed then you will require bankruptcy attorney Memphis. Filing bankruptcy is the best solution and having an attorney will help you in the entire process. There is no shortage of attorney who is well qualified and experienced but you should know which one will be the right one for your case. You will definitely want the best attorney for your case and you will not want to take any chance by hiring any local one. For this there are many things which have to be considered. You will want best attorney and at the same time affordable one as well. Fee is which matters at the end of the case so ask everything beforehand.
Before you hire bankruptcy attorney Memphis ask all the questions which you want to ask and hire one which you are completely satisfied with. When you have decided on filing of bankruptcy this will be important decision where your future is also depended. Having a right attorney will help in the entire process and who will guide rightly should be chosen. When selecting one look for the level of experience of the attorney as it is very essential. Look for a qualified attorney that is specialist in bankruptcies. Ask for the fee structure as the fee varies from one attorney to other. Gather all the required information about the attorney and then finalize on the best one.
For more information about Memphis bankruptcy lawyer and Memphis chapter 13 lawyer please visit here
|(Published: Fri, 11 Oct 2013 10:46:00 +0000)|
Toledo Bankruptcy Lawyer |
Chapter 7 attorney Toledo is a skilful advocate|
|If you are looking for experienced chapter 7 attorney Toledo for getting some help for financial troubles then make sure you find the right legal advocate. The chapter 7 attorney has extensive knowledge about the bankruptcy law and skills to fight on client’s behalf. They start with proper paperwork, give attention to the details of […]|
|(Published: Thu, 26 Sep 2013 05:56:06 +0000)|
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