The wall street journal recently published an article about the banks policies concerning loans for commercial properties that have come due and now cannot be refinanced. The title of the article is….
To Fix Sour Property Deals, Lenders ‘Extend and Pretend’
You can find a link to the article by clicking the following link.
Continue reading Extend and Pretend is still in full effect…..
From the Texas Association of Realtors:
“Many of us have been very concerned about the implementation of federal legislation known as the SAFE Act that would severely limit an individual’s ability to seller finance their property in Texas.
We are working on numerous regulatory and legislative solutions to this affront to private-property owners, and have some good news to report. At our urging, the chief regulator over the SAFE Act in Texas, the commissioner of the Texas Department of Savings and Mortgage Lending, has taken significant steps to allow Texas property owners to continue to seller finance up to five transactions in a 12-month period. Continue reading Owner Financing in Texas
Well the government has finally gone and done it. They have killed easy owner finanicing in our Great State. Gee thanks I will be sure to send my representatives a thank you letter for the SAFE ACT and its implementation. If you have ever wanted to exit a house that was an investment property you must now be a mortgage broker in order to sell it if it was an investment property. I guess now those buyers who need owner financing from investors will now have to pay a little bit more for the headache the investor has to go through in order to owner finance a house to an buyer who wants to live there. Did the wise washington politicians think that the SAFE ACT would protect buyers who need finaning? PLEEEEAAAASEEEE!!!!!
Continue reading the death of easy owner financing
Freddie Mac sees rates headed to 6 percent by end of 2010 – CNBC.
How are higher interest rates going to effect your investment? How will they effect other investors who are in trouble? What opportunities are you going to see if interest rates go up and up and away? Do you have any idea how many properties have financing that is going to blow up those investments? Are you in a situation that if rates go up you will blow up?
Do you have a strategy to deal with higher rates in your investment life and the life of those around you? If not please call me at 512-689-6742 and we can discuss how you can position yourself to survive, thrive, and capitalize on this environment!
Borrowing Off Your House Is Now a Thing of the Past – CNBC.
here we go tighter and tigher financing options. What will you do as a real estate investor? What are your options to get any reasonable financing? Ask someone who has refinanced 3 buildings in the middle of this financial meltdown for thier own portfolio. Dont know who that is? Its me. Call me at 512-689-6742 to see what I had to do to get a good loan on some of my property and how you can too.