Seller Financed Lending – Alternatives To Bank Lending

Sellers who want to both obtain their desired home price and close on the deal quickly should consider seller financing. Seller financing is a powerful tool to remedy real estate sales that otherwise would never get done. Seller based financing is readily becoming the alternative path to homeownership for millions of Americans. Seller financing can be Read more…

Foreclosure Process – Two Types

Foreclosure occurs when you fall behind in your mortgage obligations and your lender proceeds to take legal action to reclaim your property and sell it at a public auction. There are two basic types of foreclosures. Most states, including California, follow the non-judicial foreclosure process. Other states follow the older more traditional process of judicial Read more…

Idaho Foreclosure Summary

Quick Facts – Judicial Foreclosure Available: No – Non-Judicial Foreclosure Available: Yes – Primary Security Instruments: Deed of Trust – Timeline: Typically 150 days – Right of Redemption: Yes – Deficiency Judgments Allowed: Yes In Idaho, lenders may foreclose on deeds of trusts in default using the non-judicial foreclosure process. Non-Judicial Foreclosure The non-judicial process Read more…

Mortgage Fraud – Beware Of Flipping Schemes

House flipping is for those with an appetite for risk. Unfortunately, some flippers also have an appetite for fraudulent schemes and practices. According to RealtyTrac, over four percent of home sales in 2014 were flips. For purposes of the survey, a flip is defined as the purchase and sale of a home within a 12 month period of time. The Read more…