The California Department of Real Estate published a new consumer protection manual that anyone hunting defaults should look into.
In an effort to warn consumers about the dangers of borrowing against home equity, the DRE has released a guide detailing the negatives of hard money loans. According to the Department, the real estate equity borrower may [...]
Monthly Archives: August 1998
DRE is Helping Investors
August 1, 1998 – 5:02 pm
Joining Together Can Benefit All
August 1, 1998 – 4:59 pm
Investors, imagine being educated in the art of finding great deals and having a statewide source of money, partners, or people to flip to.
Imagine being able to work together with fellow investors, advertising properties to flip or sell with no qualifying in the largest newspapers at a fraction of its former cost. Further imagine a [...]
New Investor Success
August 1, 1998 – 4:57 pm
My favorite part of going to work is hearing from our graduates. The boasts of success buying properties for deep discount motivate me. The majorities of these graduates buy (using very little of their own money), fix up and then sell their properties for a handsome profit. They then use the cash flow to operate [...]
Nehemiah Partners With Chase to Provide Conventional Loan Assists.
August 1, 1998 – 4:55 pm
Nehemiah Progressive Housing Corporation has formed a partnership with Freddie Mac and Chase Manhattan Mortgage Corporation that will dramatically increase the amount of qualifying loans.
The partnership will allow Chase to offer conventional loans with the buyer paying only one percent in cash to close escrow.
In California, the maximum qualifying income is 165 percent, which means [...]
