Restricted Sale Property: Very Difficult to Find A Loan
This is a warning to those who purchase restricted sale property. I've gotten a couple of calls for refinancing these in the past couple months, and I've never covered this subject.
Similar Posts
Broom pusher gives cat an enjoyable slide across floor
ByadminHousing costs Americans more than at any time in history, and it's only getting worse as foreclosures open the door to market-cornering by inconceivably vast hedge funds who buy all those “distressed properties” and turn then into bond-coupon factories where the rent ratchets higher and higher, well ahead of inflation, wages, or affordability. Nuclear War…
CityViews: Stop the Reverse Robin Hood Tax Scheme Threatening Community Nonprofits
ByadminMasjid Al Aman, a mosque and community center that has served thousands of residents in the City Line section of East New York for over 25 years, is the latest house of worship on the path to foreclosure due to an improper denial of property-tax exemption under the state law that mandates charity organizations pay…
Jump in late mortgages after Harvey sparks foreclosure fears
ByadminAs Jacob Lerma surveyed the skeletal beams of his suburban Houston home that was flooded during Hurricane Harvey, he kept muttering three words as he wondered if his family would ever be able to move back in: “I don't know.” Like many Texans whose homes were flooded during Harvey, Lerma faces mounting expenses and hasn't…
Serious delinquencies mount in hurricanes’ wake
ByadminOf the 77,000 loans that were by 90 days or more late during the month, over 85% or 66,000 were delinquent on their payments because of the two late summer storms that struck Texas and Florida, Black Knight said in its November first look report. More than 85,000.loans are 90 days or more late on…
A little-known aspect of deportations: foreclosures
ByadminFrom February through June, an average of 13,085 undocumented immigrants were arrested each month, according to U.S. Immigration and Customs Enforcement. That compares to an average of 9,134 arrests per month during the last three months of 2016. Foreclosure News
One more affordable house rising in North Minneapolis
ByadminIn its first year of home sponsorship, Dominium is providing $ 50,000 and 100 volunteers this month to support the building of a Habitat home in the Jordan neighborhood of north Minneapolis for a working-poor family that will invest sweat equity and qualify for a no-interest mortgage. In the fiscal year that ended in June,…