Real Estate Foreclosure Paralegal Practice and Procedure: 1995 Supplement

Foreclosure doesn’t have to be the end of the world

These days, foreclosures are affecting all kinds of people and  properties. If you are facing foreclosures, you might feel  feel helpless, hopeless, and resigned to giving up your house without trying to save it.

If so, cheer up! You actually have some good, solid options to take control of the situation, avoid foreclosure proceedings, and even protect your credit.

Depending on which option you choose, Stop Foreclosure Now will help you: * decide whether your property is really worth saving * figure out how much time you have to respond * negotiate with your lender * use the courts to stop the foreclosure * decide whether bankruptcy is a good option * arrange to refinance your property * sell your property quickly Includes all the necessary forms and step-by-step instructions.

The book is covers 5 specific topics

1. Promissory notes, mortgages, and deeds of trust.
2. Differences between judicial and non-judicial foreclosure
3. Various strategies homeowners can utilize to stop the foreclosure and save their homes
4. Specific foreclosure procedures in each of the 50 states.
5. It includes a nifty map of each states and that state’s website (which you can access for updates on foreclosure laws).

The final section contains a glossary of commonly used real estate terms. This book is a valuable new addition to my real estate library, and I highly recommend it for anyone wanting to learn more about foreclosure

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Getting Out of Foreclosure is a timely publication for homeowners facing the stressful foreclosure process. The author packs his handbook with realistic, no-nonsense advise for homeowners losing their hom

.Getting Out Of Foreclosure was written for people with little or no knowledge of the foreclosure process. This book will save you thousands of dollars in unnecessary legal expenses, save you from hours of confusion and unnecessary heartache, and alert you of the various scams used by real estate opportunist targeting foreclosed property and distressed homeowners.

You will also be guided through the foreclosure process and introduce them to the variety of players whose goal it is to either help or hinder your success.

Getting Out of Foreclosure can be read in one afternoon. It quickly gives the homeowner the information necessary to make competent and informed decisions for saving their home.

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Buying a house is probably the biggest financial investment that you will make in your life.

Here are 8 things to keep in mind when buying your first house..

1.Money

The first question you need to ask yourself is how much can you afford. You will need to investigate mortgages and find the right kind to suit you. Shop around and ask for advice.

The majority of mortgages are based on two and a half times your salary and you should take an affordability test to make sure you can cope with the payments. Remember, it isn?t just the mortgage that costs. Other finances to consider are: Continue reading →

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Flip That House is a fun interactive game that will help you learn how to successfully flip real estate in a game like setting.

This fun game teaches you how to purchase property with as little money down as possible, how to fix them up and flip them for a fast profit. You can even or rent out your property for long term gains.

Game Play:

The game starts out by collecting personal information such as your name, age, and real life income. Next, you set real life goals. For example, what do you expect your net worth to be in ‘X’ amount of years?

You will then begin the game and watch the months and years roll by as you come to realize if your goal is merely a pipe dream or if your real estate ambition can make it a reality. The guided training system will lead you step by step to understanding the interface and how to purchase, repair, and flip properties.

Flip That House also integrates a real time game engine that will keep the game unique, fresh, and accurate. Properties are dynamically generated so you will never see the same property twice.

Homes appreciate in value based on historical national averages and repair costs will remain accurate to home sizes, values, and predicted lumber prices in the future. Each game will have a unique feel while maintaining experience and figures that you can actually take to the bank.

The Flip That House Real Estate Trainer will help you practice the knowledge you have learned about buying, flipping, and selling real estate.

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Real estate investments are quite expensive. Not only do you need the money to purchase the property you will be flipping but you will also need money for the improvements, repairs, and renovations that need to be made along the way.

This means you are going to have to either fund a good portion of the expenses yourself or you are going to have to find some other means of financing your house flip.

Banks will typically fund a portion of the property costs if you can come up with an adequate down payment and show them a well thought out business plan. Do not rely on banks however if you have poor credit, lack a business plan, or do not have a sizable chunk of your own money to invest in the venture.

Forming a partnership is another way to share the risks and help lighten the burden when it comes to flipping houses. Keep in mind that this is a stressful business venture and should be treated as a business venture. For this reason a volatile or fledgling friendship may not be the best risk for a venture such as this. If you do choose a partnership you need to carefully discuss the type of financial and labor investment that is expected of each partner and the share of profit that each partner expects to receive as well. You should also consider carefully whether you are willing to risk the friendship for the sake of profits or would you rather go with a partnership that isn’t a close friend (most real estate investment groups have people willing to help with the financial side and assume the risk for the lion’s share of the profits).

That being said, one way that is extremely risky (especially if you are nearing retirement age) is to cash out your retirement funds. This is not attractive for many reasons not the least of which are the facts that there are hefty penalties for doing this and you are risking your retirement security. It is an option however if you are in a bind for your flip. If your flip is successful it’s water under the bridge, the money can be returned or reinvested and the profit from your flip can then help fund subsequent flips or other types of real estate investments.

If you discuss things carefully with your family and decide that you are all willing to take the risk you can also risk your home by taking out a second mortgage for the funds. Again this is not the preferred method because the assumed risk is great for the security of your family. It is very important that everyone involved be aware that flipping houses is a risky investment. Not only is it risky because you aren’t experienced but the real estate market is fickle. Your house could sit for several months requiring costly carrying costs before it sells.

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