In the News
June 22, 2010- Borrowers exit troubled Obama mortgage program
The Good News: CWBC members can make an Equity Share offer to homeowners in jeopardy of losing their homes. A successful offer could result in the homeowner keeping their home, save them from eviction and turn a liability into a asset while providing a cash flowing opportunity for the CWBC member. View the strategy here: Money Making Strategy (MMS) #1
July 7, 2010- HR 4173 is a good thing for real estate investors. Just do it right.
Watch the video
The recent passage of HR 4173 may spell the end of creative real estate using land contracts, wrap around mortgages, contracts for deeds and lease options unless the investor is willing to become a licensed and federally regulated loan originator.
The Good News: Don't ever enter into a seller carry contract and you will be fine. View the strategy here: Money Making Strategy (MMS) #1
Let's Talk About It!
discussion group
Transactions in the works
MMS Case Study #231- Homeowner Equity Share- Wilton Manors, FL.-
June, 30, 2010
CWBC Premium Members G. Taylor and G. Zecharia received an accepted offer from homeowner to share 49% equity of a home in Wilton Manors, Florida valued at approximately $282,000. The property is currently overencumbered with loans totaling $500,000. G. Taylor and G. Zecharia will attempt to free the property of all liens using the LFC mortgage settlement administrative process and sell the property as close to fair market value as possible for a net profit of approximately $141,000. (Sales profits are contingent upon the successful removal of liens and a free and clear title.)