Real Estate Information |
|
Real Estate Lease Option Danger
Why are real estate investors having so much successoffering "rent to own" homes? Lease-options offer home ownership opportunitiesto folks with little cash and not so hot credit. Oh boy, there are plenty of those around. Both parties in a lease-option deal are counting on thebuyer being able to qualify for a home loan before the option expires. The investor wants to collect his profit when theoptionee buys. The optionee wants to own the home. During the lease period the renter/optionee must be working to improve their credit score to the point where they can qualify for a loan and buy the home. Even though there is plenty of subprime loan moneyfloating around at the present time... the lease-optionmethod of acquiring a home seems to appeal to many. In our own investing program.... Before we accept someone for a lease-option deal we have them interviewed by our friendly loan broker. He gives us thumbs up or thumbs down on whether our prospective buyers has achance to qualify for a mortgage loan loan during the next 12 to 24 months. It would be unetical and dishonest to enter into alease option deal with a couple whose credit could neverbe cured even with a miracle drug. We are not aware that it has happened, but we fully expect to see a lawsuit filed against some careless investor who does a lease option deal with someone whose creditis beyond redemption. That renter/optionee has been lead to believe he can buy thehome and when he finds out he can't we are sure somehungry lawyer will rush to their rescue. We can visit that investor in jail and bring him a copyof a "no money down" book with a file hidden inside. About The Author - Mark Walters is a real estate investor and author. Hispublished works can be found at his web site...http://www.CashFlowInstitute.com
MORE RESOURCES: Top real-estate CEO sees decades of housing pain ahead: 'What the Fed did will have a 30-year tail on it' Yahoo Finance Bring Chicago Home: What voters need to know referendum Chicago Tribune Chicago Voters Face Choice on Tax to Fund Homeless Programs The New York Times Commercial Real Estate's Systemic Threat: Separating Fact From Fiction Commercial Observer Once America's Hottest Housing Market, Austin Is Running in Reverse The Wall Street Journal Lingering Tensions Intensify as Algeria accuses Morocco of Real Estate 'Provocation' Morocco World News Five Ways Buying and Selling a House Could Change The New York Times Landmark Settlement Breaks Up the Real Estate Cartel The American Prospect Va. real estate industry weighs in on $418M Realtors settlement Virginia Business Magazine Local real estate agents face uncertain future with new negotiation rules WJHL-TV News Channel 11 Real estate commission change shakes industry's foundation University of Miami: News@theU Investigation underway after 44-year-old real estate investor seen on video firing shots off boat docked at Lakeview ... WSVN 7News | Miami News, Weather, Sports | Fort Lauderdale CrewBaltimore’s mission to accelerate women’s success in real estate Afro American Newspaper The Realtors' Big Defeat The New York Times Once+a+male-dominated+industry%2C+more+women+are+entering+the+commercial+real+estate+field Idaho Business Review The Best Places to Retire in Florida Real Estate New rules on real estate commissions could change the housing market game LehighValleyNews.com A luxury agent on how the NAR settlement will change his business The Washington Post Commercial Real Estate Roundup for March 15, 2024 Idaho Business Review Illinois real estate: Home sales in Peoria, Tazewell, Woodford counties Peoria Journal Star Cities Face Cutbacks as Commercial Real Estate Prices Tumble The New York Times Settlement will affect Iowa homebuyers KCCI Des Moines Real Estate Roundup: 240-acre farm near Orlean sells for $1.9M and more Fauquier transactions Fauquier Now H2 2023 Global Real Estate Report PitchBook News & Analysis REAL ESTATE | Kewaskum Police station moves to temporary location | By Chief Tom Bishop washingtoncountyinsider.com Austin real estate: Holt Lunsford plans first area project The Business Journals National Association of Realtors Agrees to Slash Commissions to Settle Lawsuits - The New York Times Is real estate the best investment in 2024? Racine County Eye Realtor group will pay $418M to settle commission lawsuits The Associated Press Changes could be coming to fees related to home buying process Fox 46 Charlotte Bay Area Real Estate Executive Charged with Wire Fraud, Identity Theft in Investment Scam - Hoodline Realtors settlement to lower home sale costs, alter commission structure - The Washington Post The Washington Post Checking In on Dallas Real Estate The Dallas Express Real Estate Settlement Could Affect Housing Market erienewsnow.com Real estate lawsuit settlement will affect Orlando agents - Orlando Business Journal The Business Journals Major Changes to Real Estate Business erienewsnow.com What the death of the 6% real estate commission means in D-FW The Dallas Morning News Real estate lawsuit settlement upends decades-long policies that helped set agent commissions WQAD Moline Real estate commissions, unassailable for decades, could crumble after landmark settlement The Denver Post How new real estate rules may impact home prices in Connecticut Eyewitness News 3 Is the Era of the Celebrity Real Estate Agent Over? Industry Reacts to Settlement That Could Slash Commissions Hollywood Reporter China's Real-Estate Market Just Set a Record—but Not a Good One The Wall Street Journal A commission settlement may affect housing market 9News.com KUSA Antitrust ruling rocks real estate: Buyers brace for shift in commission structures Straight Arrow News Realtors Reach Settlement That Will Change How Americans Buy and Sell Homes The Wall Street Journal End of 6% real estate commissions could mean lower home prices The Atlanta Journal Constitution |
RELATED ARTICLES
Negotiating A Short Sale - The High Road to Huge Foreclosure Profits Buying foreclosures can be extremely profitable for real estate investors. However, most of these homeowners are mortgaged to the hilt. How To Start Investing For Financial Independence, Part 2 Last week, we started a multi-part series about how to go from being a beginning investor to being "financially independent" in a steady and predictable way. Many, many people want to overly complicate this process so let's briefly, let's recap that discussion. Real Estate for Beginners: Residential Property Taxes Whenever you own a piece of land, you will be taxed for it. Whether it is commercial property or residential property, there is still a tax to pay, whether it is for a village, town, city, county, or state. Alicante to Mar Menor - You can Still Find Cheap Property in Spain The Murcia region in Spain benefits from some of the most beautiful coastlines of Europe. Nowhere else will you find so many fascinating contrasts - with Spanish Mediterranean architecture, magnificent mountain ranges and beautiful long sandy beaches. Housing Froth Creating Imbalance for Consumers and Investors Home buyers and sellers should think twice before jumping into over-heated real estate markets. Fed chief Alan Greenspan feels the housing boom is economically imbalanced or uneven. Peace of Mind for Home Inspections: Choose the Right Inspector! As sure as the spring flows at The Fountain of Youth, home inspecting provides a stream of knowledge to wash away the fears of home buyers. But fear may be replaced by frustration if the wrong inspector is chosen! Some pointers on selecting your next home inspector will go a long way toward making the process a happy one. How To Spot A Good Buy Beauty is in the eye of the beholder, particularly when it comes to buying a home. Features that attract one home-buyer may repel another. Title Insurance Protects Your Financial Investment You purchase homeowners insurance to protect yourself financially in case something happens to your property or its contents. However homeowners insurance won't protect your financial interests if a matter arises regarding past ownership of your property. Expenses of Home Ownership Hopefully all goes smoothly when you purchase your home. In your anxiousness to become an owner it may not have crossed your mind and no one tells you, your'e not done spending money on this transaction. The Most Sensible Investment Decision Youll Ever Make So much advice is bandied about on the internet and even on the street about what makes a sensible investment, what makes a good investment and what makes a secure investment.Well - when you consider that for most of us our own home is actually our number one asset and that it is a strong capital appreciating asset, surely the most sensible investment decisions we can make will be locked into that real estate. Real Estate Investing In Belize Any trip to Belize starts fantasies of owning a beach villa, or a jungle resort. There are a lot of North Americans in this English speaking, former English colony. Property Investment - What Future For the Biggest Bubble of All Time? The Economist magazine published a special report in this months issue entitled "House Prices ? After The Fall". Some might call it pessimistic, alarmist, nonsense or worse but only the foolish would choose to ignore the research that comes out of a think-tank with the kind of resources that this highly respected publication has. The Real Estate Bubble Fallacy There has been a lot of talk lately about the "Real Estate Bubble", and a lot of folks are asking the question: "When it is going to burst"?They are saying that the market just can't sustain this level of growth and appreciation much longer, and I heat them say that it is inevitable that it must come crashing down soon. People are worried. Refinance Rental Property - Dont Sell It You own a rental property for years, and never see the "big pay-off." Is it time to cash in on your investment, now that you've paid down the mortgage, and values are up? Maybe not. Hassle-Free Homebuying Perhaps you'd like to take advantage of today's great buyer's market in housing but feel a little intimidated by everything that's involved.You know the routine: finding the right locale and the right house; negotiating an agreement; putting together a down payment; and selecting the best mortgage available. Where To Start In Looking For A Central Illinois Realtor Central Illinois is an excellent location for families andbusinesses. Property values and local economies are growingconstantly and the wide range of available properties isimpressive. Helpful Hints for First-Time Home Buyers Buying a house can be a daunting task, even for someone who has owned several homes. My husband and I recently purchased our first home together, and it was hard to find good advice that we truly found useful. Realities of Real Estate Investing If you are anything like me, you are always looking for a good way to work for yourself and make tons of money. Is this not the dream of millions of Americans? Of course it is, and I am willing to bet that you have considered getting into the real estate market at some point. A Difference Between Appraisal, Assessment, Home Inspection Every one should have a home inspection before purchasing any property, including new construction. You may think that's rediculous but there are too many cases that prove otherwise. Sell Your Home Without Paying Any Commissions All of us know that real estate commissions can work out to quite a bit of money - anything from a few thousand dollars with discount brokers to 6% in commissions with full-service agents. That's a substantial sum of money to be paying for something you could very well do on your own. |
home | site map |
© 2006 TIGER MEDIA |