florida: Investors are making a ton of cash on rehabilitating foreclosure homes
- 01/22/11 02:46 AM
I am working with so many investors right now who are purchasing foreclosure homes and investing a small amount of money and time into the homes to get them up to par with what is selling. Often times interior paint, new appliances, flooring, a few light fixtures, some minor remodeling and minimal landscaping will give a perspective buyer the feel of a new home and the investors a huge profit. Lending guidelines do prevent property values from going up by a certain percentage and if the home does appreciate more than 20% in a 6 month period or by 25% in (0 comments)
florida: NMLS to End Mortgage/Real Estate Fraud...
- 01/17/11 03:03 AM
I walked into the office earlier this morning, when I opened my inbox; I had received an email which had been forwarded to me by a friend, who is a loan officer for a larger retail bank here in Tampa. The subject of the email was "Mortgage Fraud Scheme." This prompted me to start searching the internet where I have been for about an hour or so looking at all of the recent stories about former mortgage lenders, mortgage brokers, title agents, attorneys, appraisers, Realtors and real estate brokers getting sentenced up to 35 years for wire/bank/real estate fraud. To me (0 comments)