Real Estate Investing Facts

Not too long ago, private investors in real estate were  relying principally on formal bank funding for investment property loans.  That has all changed now and the supply and demand of money has shifted in the prerogative of individual hard money lenders.  A hard money lenders video has revealed much about the changing real estate market and how it affects real estate investors seeking hard money and rehab hard money loans .

WWW.OPMCredit.com has become the preferable resource for real estate investors seeking hard money loans.  Containing 300 of the top private hard money lenders who loan on both residential and commercial real estate, countrywide, regionally, and locally, the directory also details hard money lender conditions.  Now, investors have the flexibility of examining various types of lender programs and are able to more suitably address the needs of investors property funding requirements.

It is anticipated that in the foreseeable future, more and more real estate investors will be seeking the funding of private rehab hard money  lenders as it has become a viable alternative to procuring REO properties that are presently owned by banks and government agencies and other financial institutions.  Because conventional loans can take 3 to 5 weeks to process, banks now actually prefer to deal with private lenders in order to get the REO properties sold and off their books.

As a result, a neat opportunity for both private hard money lenders and the nation’s real estate investors and is one of the fundamentals of the recovering real estate market.  More private hard money lenders are entering the marketplace and investors have stepped up their purchase of commercial and residential property for investment property. Real estate investors have welcomed the influx of investment capital by private hard money lenders and it appears that this working relationship will continue to flourish.

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Effortlessly accessed by the unique Lion’s Gate Bridge from Georgia Street located Downtown, is the district municipality of West Vancouver, which is northwest of Downtown Vancouver real estate .

West Vancouver

You may effortlessly track down ferries that will take you to Bowen Island, Nanaimo, and Langdale that depart from Horseshoe Bay. The bridge you traverse is 1,823 meters long and takes you directly to the border of West Vancouver & North Vancouver onto Marine Drive. Marine Drive is West Vancouver’s main commercial strip, which travels Burrard Inlet and runs down to to Horseshoe Bay, where you will find the ferry community in this region, the westernmost point of West Vancouver. Highway 1, which is usually thought of as the Trans Canada Highway, stops here and Highway 99 can be continued from here on on your way to Whistler, B.C.

The Municipality of West Vancouver ensures that the region stays quiet and upscale not to mention a laid back community. This is just one of the reasons why West Vancouver real estate has become so popular. Park Royal Shopping Centre is the first and single mall found in West Vancouver, which you can notice right off the Lion’s Gate Bridge on Marine Drive. The mall is a large attraction to this town as it has over 280 different stores and restaurants available to you. Marine Drive is the home of two enclosed malls, one at the north side and the other on the south end. The primary method of transportation going west, east to North Vancouver, or heading south to Downtown, is the bus that makes stops on both sections of the street. Brand names such as Whole Foods and Starbucks are open to you in the big outdoor shopping venue near the South Mall, Village at Park Royal.

One of the most common gathering clusters in the North Shore area must be Ambleside Beach. From the park, you might see magnificent views of Downtown Vancouver, Stanley Park, and the Lions Gate Bridge, which are all family friendly aspects of this area. It is of course of no surprise when West Vancouver real estate sky rocketed above many other areas in the world. Ableside becomes a hot beach location in the summer, but at the other times of the year you can have a lovely date there, take your kids to play, or a relaxing walk with your dog. Being more of a historic nature stop is the Lighthouse Park which is adjacent to the western end of West Vancouver. At this park you could find the lighthouse itself, the Municipal landmark, several nice steep/flat trails with extremely dense foliage spread across its 185 acre land area. One of the first lighthouse stations that was manned in Canada is known as Point Atkinson, where Lighthouse Park gleaned its name from.

Two private schools are provided in West Vancouver and they have an incredible public school district too. You will additionally notice that West Vancouver has three secondary schools and fourteen primary and elementary schools.

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It seems that there are many home owners who are now facing foreclosures. Many of these homeowners hate to deal with the overwhelming facts that got them into this mess. If they would think back to when they first bought that home, losing the home was probably the furthest idea in their mind. Quite sad! Few home owners actually ever plan to go into foreclosure. Why would you?

 Many foreclosures begin due to overwhelming and stressful situations  . These can include a Job loss, sudden illness or medical emergency, a death in the family, a divorce / loss of second income, excessive debt duties ,job demotion or furtherance denials, the inability to pay an adjustable interest rate that increases, or unexpected major home maintenance or car expense.The best way to avoid a foreclosure on your home is to prevent the filing of a Notice of Default. All Lenders do not want to foreclose but will file a Notice of Default to protect their own interests.  If you are unable to make your monthly mortgage payment ,  you should immediately contact your bank or loan agent  . Make sure you do not put this off !  Do not be embarrassed or ignore letters from your lender because those responses will only make your situation worse, not better.

Depending on your own situation and circumstances, there are some options your lender might propose to you in order to prevent a foreclosure. These include :extended Time to make up your payments, forgiving a payment., spread out the missed payments over a longer term, changing the terms of your loan, add the back payments to your loan balance, make a separate loan to you. When the lender files a Notice of Default, your options become very limited. That is why it is better for you to call your lender before you begin falling behind on your payments.

Lenders are often reluctant to work out repayment schedules after foreclosure proceedings have been commenced! You will most likely be given a certain time period to bring the payments current, pay the costs of filing the foreclosure and to stop the foreclosure. This is called the “reinstatement” of your loan. If you cannot make up the missed payments and the lender will not work with you, here are a few further options to stop foreclosure:Sell Your Home, Consider a Short Sale, or Sign a Deed-in-Lieu of Foreclosure. Owners in default should negotiate the right to retain occupancy, arguing that if the lender followed through on the foreclosure, an owner would still enjoy the right of possession during that procedure.

 If you must sell your home or need to find a place to live you can always list online at a number of various websites. We recommend a service at www.Prop2GO.com who specialize in apartment and housing listings and are an easy way to help you with this dilemma. They specialize in Apartments for rent , Winnipeg Apartments , and Toronto Apartments. They also have a great number of international listings in America and Canada.

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As real estate investors continue to acquire excess housing stock list, the demand for private hard money has continued to accelerate.  Various types of programs have been designed to facilitate these property transactions by investors.  These lending options include rehab hard money loans, transactional and flash funding, and traditional hard money for short term property acquirement, have become the standard methods for real estate investment groups to acquire and resell both residential and commercial property

Most of the time a rehab hard money lender focuses on providing the investor with funding alternatives to acquire property at discounted rates.  The investor then may be allocated an surplus amount of money to consummate rehabilitation or repair of the property.   The money is more often than not placed in an escrow account that is drawn upon by the investor as repairs are completed.  The private hard money lenders generally only deal with investors who have completed rehabs successfully in the past and have substantial experience in rehabbing property to ensure that the borrower is prepared to complete the entire property transaction and make good on the loan within the allocated time frame.

The creation of opportunity of the transactional lender was in response to the need for short term or “flash” funding to give an investor the chance to secure wet funds to legally facilitate an A to B to C transaction.  In this example, A would be the seller of the subject property.  B would be the investor who purchases the property from A.  And finally, C would be the end buyer who purchases the subject property from B.  The C buyer is typically a home buyer with traditional conventional mortgage funding although in some cases it may be a wholesale buyer who purchases the property at a substantial discount with the intent of reselling the property or establishing it as a long term rental unit.  Transactional funding has enabled legal closings in which full disclosure is made to all parties and has facilitated short sales and REO purchases by investors as well.  Some financial institutions have attempted to forbid these types of transactions by imposing seasoning rules.  However the general sentiment is that the seasoning requirements are being relaxed as financial institutions have come to learn the benefits of these types of transaction and recognizing them as legitimate.

Finally , a traditional private  hard money lenders funds and closes a purchase for resale, which in investor vernacular, is known as a “flip”.  These loans have higher interest rates and points than traditional loans, however the return to an investor who uses these loans can be substantial and offset the higher costs of money.  Some of these loans are made to be “no payment” loans whereby the borrower does not make any payments for the life of the loan, which could be anywhere from 3 to 12 months and then pay the balance in full, with interest.  Another option is the “interest only” payment which enables the investor to make a the minimum payment required to enable the lender to have an adequate cash flow and keep the borrower in a pay back mode.
The relationship between private hard money lenders and real estate investors will continue to develop.  Banks and conventional mortgage companies are still on the sidelines as the real estate markets continue to stabilize and it is in all probability this economic relationship will continue for years to come.

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The role of real estate attorneys or Real Estate Lawyers play in the selling of your home by owner makes him/her a necessary addition to your team. Like any other aspect of the law, real estate law should be left to the professionals. Unless you are legally entitled to practice Real Estate law in your State/Province you need professional help. Below are some of the details that your real estate attorney or Real Estate Lawyer will take care of.

Your Real Estate Attorney or real estate lawyer will review the contract of purchase and sale and advise of potential problems. The seller is typically responsible for preparing the transfer, which is the document that transfers the title of the land from the seller to the purchaser.

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Real Estate Attorneys.

Pre Foreclosure

Property Investing

Hans Anderson

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