Helpful Facts And Advice In Dealing In Real Estate: From Redemption To Foreclosure

By Don Burnham

When you buy property at auction in a state that has redemption laws, you get a special deed or special title. Because the owner has a number of months in which they can repay the purchase price and redeem their property, it's called a defeasible title. That is, one that can be defeated, which means that you don't have clear title yet.

Securing Redemption Rights

When purchasing redemption rights, you may be dealing with an owner who is under a great deal of stress and may not be aware of the amount of equity they have in their property. Though they may be able to get more for their redemption rights, the rule of thumb is to offer the owner $1,500. They may ask for more, but you should weigh the amount of equity involved.

Purchasing Property

The process of purchasing property usually starts with a loan. If you borrow $100,000 from a lender, that is a note. When you buy a piece of property, to make the property the collateral for that note, you get a mortgage or deed of trust. In a judicial state, it will typically be a mortgage. If the owner defaults on the note, the lender must take the owner to court to sue for payment. The mortgage attached to the note is the security instrument. If the owner does not pay, the property can be foreclosed.

Notes, deeds of trust, mortgages, real estate -an overview

In a Deed of Trust state, there are three parties involved in the foreclosure process:

Trustor: otherwise known as the Borrower

Beneficiary = Person lending the money (mortgagee)

Trustee = Party handling the transaction

In a deed of trust, the trustee handles the foreclosure for the beneficiary; in a mortgage, a lawyer handles the foreclosure for the beneficiary. A mortgage and deed of trust are two separate and different things, but perform the same function -acting as security instruments until the property and loan is completely paid off.

The two major strategies in the event of a foreclosure are:

Short Sale

Short Sale

Sometimes however, should the property and case require it, there is the "subject to" transaction which bases purchase on the existing financing of the real property. - 23159

About the Author:

Want to know more about real estate? Log on to Don Burnham's website http://www.weknowthewayback.com and know everything from redemptions and foreclosure all under one roof.

Is a Debt Consolidation Loan for You?

By Layla Vanderbilt

You can become like many others and have a debt consolidation loan help you overcome your debt situation. However you must ask yourself is getting a debt consolidation loan a good choice? In some instances you are actually putting other things at risk that you may not want to. At the end of the day you have to determine if a debt consolidation loan is the best choice for you.

If you have bad credit you should know that most of the debt consolidation loans that you will qualify for will require some type of collateral whether it's a vehicle or a home. If you're unable to make your payments then your house or vehicle will be confiscated and sold so that the lender can get the money for the loan back. However if you happen to have a decent credit score then you will probably qualify for an unsecured debt consolidation loan. If you are offered a unsecured debt consolidation loan and it has a decent interest rate then you'll most likely want to take it so that you can pay off all of your other debts and have one low monthly payment with a low interest rate. If you do have to get a secured loan then you will want to ensure that you can make the monthly payments so that you don't put your home or vehicle in jeopardy.

When getting a debt consolidation loan it's equally important to look at how you got in debt. Many people fail to look at how they got into debt and then get further in debt after they get their loan. If your finances are in bad shape because of several past bills that you no longer have then a debt consolidation loan will work well, however if your finances are in trouble because of your current bills then a debt consolidation loan won't help you as you won't be able to pay the loan or your bills. You should consider moving, switching jobs, or getting a second job to help supplement your income.

Too often people abuse their debt consolidation loans and end up getting further in debt. It's important that you resist the temptation to use your debt consolidation loan for your current bills and month to month expenses. Many people do this and then they are unable to pay off the loan and they are still unable to keep up with their bills. You will have to ensure that you use the loan properly so that this doesn't happen to you.

For those who have a lot of debt a consolidation loan is a good answer to their problems. Before you get the loan make sure that you can make the payments and that it will actually help you instead of hurt you financially. You should also ensure that your chosen lender is offering you a fair price on your interest rate. These factors can help you get out of debt. - 23159

About the Author:

Layla Vanderbilt is the content coordinator for a leading website that offers for debt consolidation advice and guidance.

Money, Banking, Taxation The Infinite Banking Concept And Becoming Your Own Banker

By Tomas McFie

Money is an asset! Try living a week to 10 days without it and you will appreciate just what an asset it really is. But most people do not treat money like an asset and therefore they destroy moneys best quality. You see money treated as an asset multiplies exponentially.

Someone once said, "The value of an asset increases exponentially while the value of your labor only increases incrementally."

The return of your money is more important than the rate of return on your money. Those that fail to grasp this concept lose the real value of money by losing the control of their money.

Think about this:

Where does all your money go when you get a paycheck?

Into a Bank owned by someone else?

Does your money make you or the Bank the most because of this transaction?

Do not ever think that you can multiply your wealth by dividing it up. Allowing others to have access to your money by placing it on account at their bank, gives that bank control over your money. You automatically become second in command of your money by doing this. When the bank controls your money, you do not and they make money off your money while you pay the fees, the charges and all other costs associated with banking and financial institutions.

That is why everyone needs to read about the Infinite Banking Concept in the book Becoming Your Own Banker by R. Nelson Nash. Nash explains how, you can take control of your money, which is the asset that can build real riches and lasting wealth. This process is called the Infinite Banking Concept or IBC. IBC allows those who utilize Becoming Your Own Banker, aka BYOB, to recover the costs associated with the banking equation. What is the banking equation you might ask? The banking equation is simply this:

You finance everything that you purchase in life. You either pay someone interest to use their money to make a purchase, or you give up the interest you could have made on your money when you make a purchase with your own money. Either way you lose.

When you Become Your Own Banker, you recover the cost of interest you pay out when you borrow from your own banking system and pay yourself back. You are now using your own money as an asset and it will multiply. - 23159

About the Author:

Tomas P McFie DC PhD is a professional financial coach and is nationaly known for helping people recover the money they currentley spend. Don't Make another payment until you have viewed his Infinite Banking Video Then Contact him he can help you

The Short Sale

By Don Burnham

Sometimes the owner of a property is no longer able to pay the mortgage or deed of trust. When this happens, foreclosure often follows -or worse: bankruptcy. But there is an alternative, the short sale.

The short sale is the last option taken by the lender. When a lender signs a short sale, they are forgiving a certain amount of debt, and considering the loan paid in full.

A local real estate attorney should be consulted to determine whether the loan qualifies for a deficiency judgment or claim, as state laws vary. One should also consult an accountant to determine tax ramifications. The IRS may consider debt forgiveness as income. There is no guarantee that the lender will not legally pursuer a borrower for the difference between the amounts owed and the amount paid. This depends on individual state laws.

Also, see your accountant -the IRS may count debt forgiveness as considerable income, be wary of the tax ramifications involved. Another good reason to consult your lawyer is that the lender may still legally pursue you for the unpaid debt.

Short sales are not just meant for the nonpayer's but those who have never made a single installment can make a short sale, due to the negative equity that they have for the present. It becomes easy for an individual to short sell the house and get out of the rough financial situation.

Due to negative equity secured, even those who've never made a single payment or installment can avail of a short sale. A short sale is the eject button of a financial situation that's headed straight down to bankruptcy, take it when you can, while you can.

How the Short Sale works:

The Contract: The contract can be of any variety-a one page, a nine page, a board of realtors' version, or any generic type of purchase and sales contract. However, at any point in the contract in which price is mentioned, you should fill in the phrase: "See Addendum."

The Addendum- Your Most Important Tool

The basic document that contains nearly all vital info on conducting the transaction is contained in the addendum:

Origination of the contract

Date

The names and other info pertinent to the parties involved

Address

It's better if both the simple address and the legal address are listed to avoid confusion.

Any good investor should be aware that a short sale is a good way to peruse quality bargain real property -a case in which a short sale is actually more financially reasonable than outright foreclosure. - 23159

About the Author:

Know about short sale an alternatives to bankruptcy or foreclosure only at Don Burnham's website http://www.weknowthewayback.com. Visit today to know all about short sale!

Info on FAPTurbo - Automation, Risk, Result, and Costs

By Andrew Fapedosha

FAP Turbo Robot is an Forex trading software for Metatrader4 that can actually trade for you auto-magically as you direct but without requiring your constant approval of every trade. Developed by three IT programmers, this robot is much improved over the previous version called Forex Autopilot.

There are many reasons why FAP Turbo has taken over the Forex market. The first is you can set it up and let it run on autopilot and that is really the only thing you need to do. By storing your data with a remote hosting service your computer does not have to be powered on constantly.

Testing was performed using actual trading accounts not just demonstration accounts. It's excellent video tutorials will show you how to install the system yourself if you want.

Once setup this program is restless. This little tool will analyze market trends 24 hours a day, Monday through Friday. So if you want to be a trader, you can start by just following the simple instructions provided with the software and you can succeed. Their customer service is beyond reproach. This group reacts rapidly to any query.

When comparing this type of software, there are some important factors that can be used to determine their profitability. The winning rate of the system is the number one determinant. Live testing is showing an even higher success rate than FAP Turbo's back testing over the past 9 years has been 95% on average.

Something else that needs to be considered is the draw down of the system. Draw down is the percentage that shows what the biggest amount of investment that FAP Turbo has lost in back testing. Draw downs of 10% to 20% are typical for Forex trading software. But FAP Turbo only has a draw down of 0.35%. That's zero point thirty-five percent which is an explanation for why the equity graphs on their website are so even and not constantly going up and down.

It is designed to find more profit opportunities than any other software out there, but also has tighter risk controls. You may purchase the software to test on a demo account, and if you are not satisfied with the results, there is a 60-day money-back guarantee. This robot is inexpensive and you can trade with an initial investment of only $50.00. - 23159

About the Author:

Before you waste a lot of money, first visit us at fap-turbo.us for more tricks and hints on this FAP Turbo trading software.