March 19, 2008
Vol. 1. Issue 3. March, 2008
This E-zine is intended for anyone interested in financing the purchase or sale of a property. Whether you are looking for help with your first home purchase or something much more substantial, the insider tips, tricks, and techniques shared here will give you a very deep and personal understanding about the many ways to finance a property without the need for a bank or a mortgage lender.
Subscribe to The Seller Financing Insider for News, Views, Tips, Secrets and More brought to you for free every month from Keith S. Donald at TDO Properties, LLC.
Everything is designed to help you achieve your goals of home sale or purchase with creative ways of financing your properties (single family or multi-family) with the innovative and effective use of promissory notes.
We are bearing witness to the tremendous impact of what began as the sub prime mortgage crisis. With the fall of Bear Stearns, a major investment banking firm, there can be no doubt about how serious the problems are in the mortgage industry.
In this issue..
-What Caused The Housing Bust?
-Selling Homes In A Home Buyer's Market
-Home Buying System Opportunities
-What the investors want
-Are You At Risk For Mortgage Fraud?
-4 Scams: How to avoid them
-The Homeowner Crisis Resource Center
-Everything you want to know about St. Patrick's Day
Much has been written about the existing credit crisis facing the nation. This article, "What Caused The Housing Bust?" is one of the best, easiest to understand descriptions I have seen. Once you read it you should understand why the mortgage industry dominoes continue to fall. You also will not be surprised at the total devastation to wealth tied to mortgage backed securities. Get the full story about What Caused The Housing Bust? right here.
This is a perfect example of the "good news" and the "bad news" in today's housing market. Property sellers and property buyers have the desire, ability, and motivation to get the market unstuck. It can be done without the need for a bank, a mortgage lender, or the federal government. In This Home Buyers Market Sellers and Buyers Can Win
Home Sellers need home buyers. Enrollment is FREE in our exclusive...Home Buying System. 21st Century Seller Financing for 21st century housing problems are created in our exclusive Home Buying System.
In The Marketplace:
The financial markets are in a state of constant change, adjustment, and reaction to the credit crisis. With few exceptions table funding has temporarily been placed on hold. Our investors have been affected like everyone else in the mortgage funding markets. Quite a few investors have suspended operations. Others are still regrouping.
In this issue of the Seller Financing Insider you get an inside look at "What the investors want" to justify more deal funding:
-Equity
Home buyers and investors will need to plan on more "skin in the game". When you consider the reality of what has happened in the most recent business lending model, the investor was the one taking all of the risk. Loans to people with a credit history that proved they were not good credit risks were insane. Sanity is being restored, along with reality. The closer you are to a 20% down payment, the better your chances of funding.
-Lower LTV's
Unless you are really extraordinary the days of zero down and low down payment loans will get a lot more scrutiny. It is also back to basics with Loan Documentation. Instead of 95-5 or 90-10 loan to value structures expect more 80-10-10 loans.
-Seasoning
Simultaneous funding opportunities have been greatly reduced by most investors. Most require at least 3 months of payments before they will purchase a note. In most cases the requirement is 6 to 12 months.
-Better credit scores for better rates
The credit profile requirements place the focus where it should be, on people that have the best potential for repaying a mortgage loan. There will still be opportunities for home owners and home buyers to work out creative solutions, but interest rates and terms will be structured to address the unique situation.
-Consistency
Everyone knows that life happens to us all. Even so, investors need to see consistent payments from buyers. Not only must the payments be consistent, they must be on time. The ability to satisfy this requirement will be under much greater scrutiny before funds are made available.
-Stability
Stability in every phase of the home funding process is what lenders are looking for right now. Too much flipping of properties and too little administrative oversight has resulted in conditions that were ripe for loan fraud. Time will heal all wounds is a very descriptive term for the current conditions in the housing and mortgage finance markets.
Are You At Risk For Mortgage Fraud?
The financial impact of mortgage fraud is being felt all around the world. Life savings have been lost and many people have been ruined financially. People from the executive suites of major corporations to the mom and pop investor and home owner have felt the sting of this insidious crime. These articles may help identify more quickly some of the most frequent forms of real estate and mortgage fraud. Are You At Risk For Mortgage Fraud?
4 Scams: How to avoid them
This is another free resource for your review and consideration. If you know of someone that needs help with a housing related problem, try The Homeowner Crisis Resource Center.
Because it is March.....
Everything You Want To Know About St. Patrick's Day
How would you like to have a handy information guide that contains all you need to completely understand the features, advantages, and benefits of financing your own property? Whether you are a home seller, home buyer, a Realtor, or an investor, this information has been used by financial investing experts for years. They have made millions of dollars by simply using the secrets and strategies contained in this unique, very affordable E-book. Just one technique could be all you need to drastically improve your investing situation and business profits.
Get the details about The Secrets Of Selling Your House FAST In Good Or Bad Markets. The complete professional services and information package is valued at more than $1,200. If you act quickly, you can get this one of a kind E-book at an unbelievable discount. Once you have this information you will wonder how you ever got along without it. For details just click on the link above.
It does not matter whether you are selling or buying a property. Whatever your challenge may be, share it with us and let us see what we can do. Maybe we can help. You will be anonymous, only your unique situation will be revealed.
Just send your responses to: The_Seller_Fincing_Insid@cash-now-seller-financing.com