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AGING GRACEFULLY IN PLACE Part II.

AGING GRACEFULLY IN PLACE Part II.

By Erin Vostilal When my mother decided to remodel her home and add a second story, I was able to convince her to take some simple steps now so that…

The Homes That Love Built

The Homes That Love Built

By Susan Motander The San Gabriel Valley Habitat for Humanity turned keys over to four families on Saturday at the dedication of their new homes on Sherman Avenue in Monrovia.…

Even with Owner Financing, Low Credit Scores Will Wipe Out Opportunities

Even with Owner Financing, Low Credit Scores Will Wipe Out Opportunities

I’m just about to close a note deal where the Buyer’s / Payor’s credit score is below 600.    Ouch.  Why can I even work with this?  (Normally this would be…

“If You Don’t Buy a House Now, You’re Stupid or Broke”

This was the title of an article that ran in Business Week a few weeks back.  Sounds harsh, but it got your attention, didn’t it? He said: “What I’m trying…

Large Banks Accused of Short Sale Fraud

Large Banks Accused of Short Sale Fraud

Jeremy Brandt is the CEO of companies like 1800CashOffer, HomeFlux.com and FastHomeOffer.com . . . all companies that bring lots of distressed sellers, investors and short sale agents together. Over…

Century 21 Village’s Linda Johnson Earns SFR Certification

Century 21 Village’s Linda Johnson Earns SFR Certification

  Andy Bencosme, Managing Broker at CENTURY 21 Village Inc. recently congratulated Linda Johnson, veteran real estate agent for her new certification of SFR (Short sales And Foreclosure Resource.) Johnson…

Local Attorney Plans to Beat Market with Owner Financing

Local Attorney Plans to Beat Market with Owner Financing

As many of my business dealings are across the country as a note broker and consultant, I really enjoy the opportunity to network with local sellers and real estate professionals…

Avoid the 7 Deadly Mistakes Sellers Make When They Carry Paper (VII of VII)

Avoid the 7 Deadly Mistakes Sellers Make When They Carry Paper (VII of VII)

Deadly Mistake #7: Don’t keep a careful accounting of the note payments you receive Let’s pretend that you have a nice juicy note you’re trying to sell . . .…

Avoid the 7 Deadly Mistakes Sellers Make When They Carry Paper (VI of VII)

Avoid the 7 Deadly Mistakes Sellers Make When They Carry Paper (VI of VII)

Deadly Mistake #6: Fail to include a provision for late payments and a due on sale clause in your note. A couple I talked to recently had a one year…

Avoid the 7 Deadly Mistakes Sellers Make When They Carry Paper (V of VII)

Avoid the 7 Deadly Mistakes Sellers Make When They Carry Paper (V of VII)

Deadly Mistake #5: Create a short-term balloon Because of the Time Value of Money (TVM), which says that money to be received sooner is more valuable than money to be…