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Foreclosures
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Techniques on Financing Foreclosures
Financing foreclosures is the part of this business that people are worried about most. Most people automatically assume that you have to have money to invest in foreclosures, which is what keeps them from investing. You will be happy to learn that you don't have to have money to start investing.
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Proofs Of Claims In Indiana Bankruptcy Courts - 6 Things To Remember
Although my blog primarily is devoted to issues surrounding Indiana state court foreclosure and lien enforcement actions, some discussion of bankruptcy matters will be warranted. This is because, not infrequently, a real estate foreclosure or UCC lien enforcement proceeding that starts in state court will end up in bankruptcy court.
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Increase Your Real Estate Business with Repossessed Homes
Ah, the American Dream beautiful suburban home on a dead end street with a white picket fence and a dog in the yard playing around the swing set. Unfortunately, for some, this may seem like just that, a dream. There are many people who are struggling just to put food on the table and pay the rent, much less purchase a home. Many people live in an apartment or rented home until they think they have saved enough money for a down payment on a home.
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Stop Foreclosure Quick and Enjoy Life
If you are like many who bought into adjustable rates and other loan incentives a few years ago to afford the home of your dreams you may now be experiencing...
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The Deal Of The Century On Land Foreclosure
Land is becoming such a scarce thing these days. Owning your own piece of the mountain is becoming harder and harder to find. Most people are settling for just a home on...
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Buying Foreclosures: Can You Really Make Money Buying Foreclosures?
We have all seen the late night infomercials featuring the guy who bought a foreclosure for $40,000 and sold it a week later for $75,000. These stories can certainly get people excited. Considering the costs involved and the associated risks, can you really make money buying foreclosures?
Let’s take a closer look at buying foreclosures.
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A Brief Overview of Foreclosures
A foreclosure arises when a borrower takes out a mortgage from a lending institution and they are incapable of paying the mortgage based on terms laid out by the lender. This usually happens when the borrower unable to fulfill the conditions set forth by the mortgage company.
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Irish v. Woods - Which Surety Was Left Holding the $500,000 Bag?
A secured lender's primary source of recovery when a project goes bad usually is the loan collateral. Secondary sources could be the assets of a guarantor, a surety or an accommodation party, labels that often are used interchangeably to describe a person who signed a loan document but who did not directly benefit from the loan. (See, March 23, 2007 post, Liability of Guarantors or Accommodation Parties when the Original Obligation Is Materially Altered. The April 24, 2007 decision by the Indiana Court of Appeals in John T. Irish v. F. Lawrence Woods, 2007 Ind. App. LEXIS 786 addresses some general rules applicable to these secondary sources and also provides a good suretyship vocabulary lesson.
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