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Should you do a short sale or let the bank foreclose on your investment property?
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Definition of investment property?
A property purchased with the intention to make a return on investment in the form of either rent or capital gain. Agreed. An investment property is a property one uses for wealth purposes. ======== An investment property can be a long-term endeavor, such as an apartment building, or an intended short-term investment in the case of flipping (where a property is bought, remodeled or renovated, and sold at a profit). Depending on what your goals are, you may want to sit down and make a long or short-term plan and make sure that you factor in all of the possible risks!
Can a lender foreclose on a property even if the mortgage payments have been kept current?
No but if a home owner is behind on payments and needs a loan mod or short sale approval, proof is available at RestReport.com
What happens if you surrender your home?
If you mean by surrender you are in foreclosure, the answer depends on how far along in the process you are and how much equity you have in the property. The short answer is you will still have damage to your credit rating and a foreclosure on your record. You should call your lender immediately to try to work out alternate arrangements. They generally do not want to foreclose and will try to work with you.
If 2 people were on the deed much prior to the mortgage and note can the bank foreclose on property in which only 1 person is on the mortgage and note?
In short, Yes. You will want to talk to a local attorney. The bank is entitled to recover the money borrowed. If the mortgagee can't or won't pay it back, well, that's what the "secured" part of a secured loan means; the bank can foreclose on the mortgage and sell the house to recover their investment. If they committed fraud in representing themself as the sole owner, then there are bigger problems than foreclosure (i.e. potential jail time) to be worried about.
How can I get a bank to stop a foreclosure on a property?
With the country in the midst of this crisis, the bank doesn't really want to foreclose since they will then be stuck with another property. So try to modify your mortgage, or arrange a short sale, or apply for federal help. Filing chapter 13 is supposed to stall a foreclosure too.
Wher is the best place to stash $50000 as a Long Term Investment ?
I would recommend a 401k or a short term investment fund. This is a great investment that is short term and you can gain double on your investment.
Which marketable security would you choose for a short term investment?
Which security would you choose for a short-term investment
What distinguishes hard money lenders from other lenders?
Hard money lenders offer loans backed on property. They tend to be short term loans, but as they use the client's house as collateral they can cause the person to foreclose their property. Hard money lenders place a higher focus on the value of the collateral over the ability of the borrower to repay.
Where can one go to learn about short term investment options?
One of the best places to go to learn about your short term investment options would be your local bank. They would have the information needed to provide you to provide safe short term investment options.
Where can one find information on financing investment property?
Here's a short summary of where you can find information on financing investment properties: Mortgage Lenders and Banks: Contact local financial institutions to explore loan programs and eligibility criteria for investment properties. Real Estate Investment Associations: Join local associations or networking groups to learn from experienced investors and attend events focused on financing options. Online Research: Use websites like Bankrate, Zillow, and Investopedia to gather information on financing strategies and loan types for investment properties. Real Estate Professionals: Seek advice from real estate agents, brokers, and property managers who have knowledge of local market conditions and connections with lenders. Real Estate Investment Books and Courses: Explore resources like books by reputable authors or online courses that cover financing techniques for investment properties. Mortgage Brokers: Consult with mortgage brokers specializing in investment property financing to find suitable loan options based on your needs.
What is short term sources of finance?
Short term finance is a quick solution to a temporary funding problem; funds must be predominately used for business or investment purposes usually secured by real property. The term of the loan is usually up to four months.
Is short term investment a working capital?
yes
