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The deal doctor: How a Miami agent closes $25 million+ a year selling condos to plastic surgeons

Housing Wire

Probate, divorce leads, short sales — everything is on the table when you have a mortgage to pay. Efrain Daza: By the numbers Market: Miami Niche: Pre-construction luxury condos, plastic surgeons from Colombia 2024 sales volume + sides: $25.7 You’re not alone. Leads are leads, right? The difference is everything.

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Distressed Property: What It Is And How To Invest

AAOA

These homes are typically under foreclosure, in pre-foreclosure, or have already been repossessed by a lender or bank. Sometimes, life throws the owner curveballslike divorce, bankruptcy, or forced liquidationwhich can also lead a property down this path. But what actually makes a property distressed?

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Why non-QM borrowers aren’t going away anytime soon

Housing Wire

The solution: Bank Statement loans. . Angel Oak’s Bank Statement loan is ideal for the self-employed. Loans up to $3 million 12 or 24 months personal or business bank statements allowed 1099 earning statements accepted Two years seasoning required for bankruptcy, foreclosure, short sale or deed-in-lieu.

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What happens after the Fed’s rate hike?

Housing Wire

One of the unsung heroes of the most prolonged economic and job expansion ever recorded in history was the passing of the 2005 Bankruptcy Reform Act and the 2010 qualified mortgage rule under Dodd-Frank. As we can see below, the bankruptcy levels were extremely high before the bankruptcy law was passed in 2005.

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Why This Is Not Like 2008 Again

Keeping Current Matters

Lehman Brothers) and many more into bankruptcy. We told banks they needed more reserves and that they could no longer underwrite toxic mortgages. Here are the results of that regulation, captured in a graph depicting the number of failed banks since 2007. It created a panic that drove some large companies out of business (ex.

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How does the FHFA 7% loan cap on GSEs affect originators?

Housing Wire

A Bank Statement loan allows bank statement submissions instead of tax returns. Portfolio Select is a good option for those just two years out of foreclosure, short sale, bankruptcy or deed-in-lieu. This loan qualifies using the cash flow of the property.

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Why home-price growth is still up 18% year over year

Housing Wire

I understand why anti-Central Bank people say this because they want to blame everything on the Federal Reserve and say it’s just been booming demand. However, we haven’t had a credit sales boom like the one we saw from 2002-2005. However, not to the degree we saw from 2005-2008.