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Archives for July 2010

Toxic Asset Fraud… Does it Upset You?

July 28, 2010 by Marco Santarelli

The other day, I heard an insane story on NPR (Public Radio), about an investigation that was done by the Sarasota Herald-Tribune, where they looked at 19 Million Real Estate Transactions in Florida and found that, “…more than 50,000 Florida properties flipped under suspicious circumstances from 2000 through 2008”, and they commented that, “Those flips artificially drove up housing prices and tax bills and contributed to the crush of foreclosures”.

NPR took a closer look at this investigation and purchased a piece of the bonds that are backed by these “toxic assets”, and with the help of the Herald-Tribune (and reporter Michael Braga), they were able to see some of the people behind their toxic purchase (as part of those 50,000+ suspicious deals).  This massive amount of suspicious deals included one attorney who defaulted on 5 loans totaling 3.6 Million dollars!  Additionally, some of the other loans were tied into a group of investors who lied to banks to get loans.  Overall, it was a frightening glimpse of what was going on under our noses.

Can this happen again?

[Read more…]

Filed Under: Real Estate Investing

Mortgage Overhaul and What it Means for You

July 20, 2010 by Marco Santarelli

By the time you read this, the new 2,300 page financial reform bill is likely to be making the headlines. The Senate has already approved the new bill and President Obama is expected to sign it into law this week – despite the fact that many of the provisions related to specific regulations have yet to even be written. If that sounds faintly disturbing, don't worry, your concern is noted and shared by many experts throughout the nation. However, there are sweeping changes that are already apparent despite the lack of specific details.

Although broad in scope, home buyers and sellers are likely to be among the first impacted by the new provisions. They represent one of the most comprehensive – top to bottom changes to the finance, valuation, types of mortgage products offered and how lenders are compensated to take place in decades.  In fact, there are even new rules for real estate investors that provide capital for the purchase of mortgages.

[Read more…]

Filed Under: Financing, Housing Market, Real Estate Investing Tagged With: financial reform bill, Financing, Housing Market, mortgage overhaul, mortgages, Real Estate Investing

The Great Potential of Cleveland Investment Property

July 19, 2010 by Marco Santarelli

Though the current economic climate has left many people without homes and jobs, smart and determined real estate investors are finding great real estate deals in the Cleveland housing market.  Our new Cleveland investment property is an excellent opportunity for those that want a great deal of cash-flow and long-term appreciation potential.

All properties are extensively rehabbed with up to $25,000 in work per property.  All properties are tenant occupied and managed by professional management  Properties range from 3 to 5 bedrooms, 1-3 baths, and up to 2 car garages.

Cleveland's cost of living is 15.5% lower than the U.S. average. It has also been undergoing major revitalization in all sectors.  The Economist has repeatedly voted Cleveland as one of the most livable cities, not only in the U.S., but in the world.

If you're serious about beating the hard economy and making a great investment in cash-flow real estate then you should evaluate our latest offering of Cleveland investment property.

Filed Under: Real Estate Investing, Real Estate Investments Tagged With: Cleveland investment property, Investment Property, Real Estate Investing, real estate investments

7 Reasons to Use Land Trusts

July 14, 2010 by Marco Santarelli

The land trust is a very powerful tool for the savvy real estate investor.  A land trust is a revocable, living trust used specifically for holding title to real estate.  Each property is titled in a separate trust, affording maximum privacy and protection.

Here are seven reasons to use land trusts:

1. Privacy.  In today's information age, anyone with an internet connection can look up your ownership of real estate.  Privacy is extremely important to most people who don't want others knowing what they own.  For example, if you own several properties within a city that has strict code enforcement, you could end up being hauled into court for too many violations, even minor ones.  Having your real estate investments titled in land trusts makes it difficult for city code enforcement to find who the owner is, since the trust agreement is not public record for everyone to see.

2. Protection from Liens.  Real estate titled in a trust name is not subject to liens against the beneficiary of the trust.  For example, if you are dealing with a seller in foreclosure, a judgment holder or the IRS can file a claim against the property in the name of the seller.  If the property is titled into a trust, the personal judgments or liens of the seller will not attach to the property.  This effectively separates the owner or seller from the property.

[Read more…]

Filed Under: Asset Protection, Real Estate Investing Tagged With: Asset Protection, land trust, land trusts, privacy, protection, Real Estate Investing

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