Foreclosure University Announces New Transactional Funding For Real Estate Investors


Orem, UT (PRWEB) June 12, 2013

Foreclosure University announces new transactional funding for real estate investors. This is causing a major buzz and excitement in the real estate community because it gives investors another option when trying to fund their end of the deal in order to sell to an end buyer.

Transactional funding has become more and more popular among real estate investors as title companies decided to “stop” allowing transactions that were not independent of each other. “At one time, title companies would allow investors to use their end buyers money to fund the transaction with the seller. That’s not the case anymore. They want each transaction to stand on it’s own independently,” say Jarad at Foreclosure University.

Because of stricter title standards, this forced investors to get their own independent funding to fund the transaction with them and the seller.????Most investors went to transactional funding because it still accomplishes what they need at a low expense.

With transactional funding one of the many benefits is they don’t have to provide employment verification or worry about credit because it’s irrelevant. They can also leverage someone else which allows them to do multiple deals at one time. Transactional funding is only used for back to back closings and is not to be confused with other types of funding.

Jarad says, “Most of the deals we fund are short sales, reo’s, and wholesale deals and in all cases we have end buyers lined up ready to fund their part.”

Another big piece to doing deals is the actual proof of funds letters that banks are requiring. Jarad says they offer that as well to anyone who is needing a proof of funds letter.

Foreclosure University also created a video to help investors understand how the process works and what they can expect from transactional funding.

For those that would like more more information on transactional funding or proof of funds can visit ForeclosureUniversity.com







Chicago Foreclosure attorney discusses what options you have to save your home.

Chicago Foreclosure Attorney Darren A. Fish discusses how the Fish Law Groups Foreclosure Defense Program have saved the homes of hundreds of Chicagoland property owners. If you want to save your home, delay your foreclosure or complete a successful short sale transaction then watch this video.
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Help to Prevent Foreclosure with These Tips Offered By Red Blue Realty


Los Angeles, Ca (PRWEB) January 21, 2013

Homeowners facing foreclosure often need help to avoid the situation. Red Blue Realty can help prevent foreclosure.

The biggest mistake homeowners make in regard to foreclosure is to take no action at all, until its too late. Theyre often unaware of available options, or simply cannot handle dealing with their mortgage lender. Of course, often mortgage companies are more willing to work with homeowners than realized. After all, foreclosure is time consuming and costly for lenders as well as for homeowners.

If a homeowner is willing to leave the property, the first step is to select the support of a local appraiser or real estate firm like Red Blue Realty to get a current estimate of how much a home could be sold for. With a recovering real estate market, a home may no longer be underwater, and could yield a profitable sale, allowing homeowners to walk away from the property with gains pocketed.

For properties still underwater, another option to help prevent foreclosure is a short sale. This means that the home is sold for less than the mortgage balance, with the lender agreeing to accept the proceeds of such a sale as full mortgage payment. If the lender is not amenable to this plan, a homeowner may still be able to negotiate what is called a deed-in-lieu of foreclosure. This means that the homeowner turns the property over to the mortgage holder in exchange for cancellation of the loan.

Both options create less black marks on a homeowners credit rating than a foreclosure and work effectively to eliminate mortgage balance. However, property owners should be certain that the lender is clearly forgiving the full amount of mortgage debt, and that the language on such an agreement has been evaluated by a real estate professional or lawyer.

Also in these situations, tax consequences should be considered, as cancelled debt may be taxed as income.

Should a homeowner want to stay in a property and help prevent foreclosure, the place to start is by assessing the amount you can pay towards your mortgage. Review bank and credit card statements for at least three months; divide the amount spent over the course of the year to a monthly number, after including yearly events such as vacations or holiday spending. With these numbers in hand for analysis, determine how to cut back on expenses to free more money toward paying the mortgage. Consider outside the box options such as taking on a tenant or terminating credit cards. Bankruptcy filing may also prevent the loss of a home and wipe out other debts.

Once an analysis is made as to how much money a homeowner can put toward the mortgage payment, the next step is negotiating a payment plan with the lender. Sometimes its a matter of getting caught up on past payments with back payments spread out over subsequent months, or perhaps a temporary suspension in or reduction of payments.

Lenders may also be amenable to interest-free loans from HUD to get current, or permanent mortgage modification amounts. Getting help to prevent foreclosure isnt impossible. Red Blue Realty cautions homeowners in this situation to be aware of scam artists who promise help but charge exorbitant fees and offer no help at all.

With options available, homeowners simply need to address the situation before foreclosure becomes the only option left. Timely action yields choices that help prevent foreclosure.

Website: http://www.redbluerealty.com

Email: Contact(at)redbluerealty(dot)com

Phone Number: 1-(855) 66-RBREALTY or 1-(855) 667-2732







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