Search Results for equittag:searchlightcrusade.net,2024:/mt//feed/equit2024-05-07T02:51:02ZMovable Type 4.21-en3141314Why You Shouldn't Have All Your Money In Real Estatetag:www.searchlightcrusade.net,2008://3.37892024-03-12T14:00:00Z2024-03-12T13:52:41ZDan Melsonhttp://www.searchlightcrusade.net/
Is there any problems with having all your money in only real estate? That was a question I saw. The answer is YES there are problems! 1) No diversification. The real estate market tanks and you are hosed. The...
In Real Estate, You're Better Off Doing One Thing At A Timetag:www.searchlightcrusade.net,2008://3.37742024-02-12T15:00:00Z2024-02-12T16:30:00ZDan Melsonhttp://www.searchlightcrusade.net/
Hi--I just found your site today. The best I've ever seen/read, etc. Thank You!! I do have a question I didn't see addressed regarding our current situation/dilemma: Our present home, which we've lived in for 8 years, is worth...
Buyer's Markets Are A Great Time For Moving Uptag:www.searchlightcrusade.net,2009://3.48402023-12-25T15:00:00Z2023-12-25T16:27:37ZDan Melsonhttp://www.searchlightcrusade.net/
I have said repeatedly that buyer's markets are not the time to be selling a property if you have any choice. There is one exception: People looking to turn around and buy a more expensive property. If you're looking to...
Issues with Family Transfers of Real Estatetag:gockel.hmdnsgroup.com,2006:/~searchli//3.24552023-11-20T15:00:00Z2023-11-20T13:14:56ZDan Melsonhttp://www.searchlightcrusade.net/
We live in (A California city). In a 2 bedroom 1 bath home on approximately a 20,000 Sq. ft. lot. It is easily worth 500K to 600K with a current mortgage of $116,000. The mortgage/Title is in the name...
Quitclaiming Property with a Mortgagetag:www.searchlightcrusade.net,2009://3.48342023-10-16T14:00:00Z2023-10-16T15:14:22ZDan Melsonhttp://www.searchlightcrusade.net/
I am currently living with my parents and they wish to deed of gift their house to me but they still have a remaining mortgage on it. Is it possible to do this or do they have to pay off...
Straw Buyers and Straw Purchases are Always Fraudtag:www.searchlightcrusade.net,2007://3.37472023-10-02T14:00:00Z2023-10-02T16:14:18ZDan Melsonhttp://www.searchlightcrusade.net/
I've gotten several emails to articles recently having to do with straw buyers, and more search hits. Straw buyer fraud is popular because people want a better loan and many don't see anything wrong with it since "we intend to...
Yield Spread is a Beneficial Tool That Can Be Misusedtag:www.searchlightcrusade.net,2009://3.48312023-08-22T14:00:00Z2023-08-22T15:10:03ZDan Melsonhttp://www.searchlightcrusade.net/
If you read the papers and the congressional record on the housing crisis, you might think yield spread is the central culprit for the entire meltdown. You would be wrong. Yield spread is a beneficial tool, offered voluntarily by lenders,...
Manufactured, Modular, and Site-Built Homes: How Lending Practices Drive the Sales Markettag:www.searchlightcrusade.net,2007://3.37312023-08-14T14:00:00Z2023-08-14T16:21:44ZDan Melsonhttp://www.searchlightcrusade.net/
Many people are unaware how profoundly lending policies influence the market for residential property and the various kinds of housing and methods of construction. So I am going to go over the various gradations in available loans for various types...
Should I Buy A Home? Part 3: Consequencestag:gockel.hmdnsgroup.com,2006:/~searchli//3.24252023-07-17T14:00:00Z2023-07-17T16:05:35ZDan Melsonhttp://www.searchlightcrusade.net/
Continued from Part 1: Preparation and Part 2: Process This is about the long term consequences of the decision to buy or not to buy a home, and economic benefits analysis into whether you should want to buy. In order...
The Era of Make Believe Loans and The Law of Unintended Consequencestag:www.searchlightcrusade.net,2009://3.48092023-02-21T15:00:00Z2023-02-21T16:05:35ZDan Melsonhttp://www.searchlightcrusade.net/
One of the things I've heard and read other agents complaining about is that they can't find qualified buyers to represent. Welcome to Unintended Consequences 101. The way that the market had been working is this: Young, often unmarried, buyers...
Lender Paid Mortgage Insurance or Regular PMI?tag:www.searchlightcrusade.net,2009://3.48082023-02-13T15:00:00Z2023-02-13T16:46:17ZDan Melsonhttp://www.searchlightcrusade.net/
If I am buying a foreclosed home for 220k of which 200k is being financed, and the home comes back at being valued at 285k from my mortgage company, am I still required to pay PMI? If so, how in...
The Consequences of Not Shopping Multiple Lenderstag:gockel.hmdnsgroup.com,2006:/~searchli//3.24032022-12-12T15:00:00Z2022-12-12T19:03:49ZDan Melsonhttp://www.searchlightcrusade.net/
Minorities get higher rates. They add that the fact minorities are more likely to borrow from institutions specializing in high-priced loans could mean they are being steered to such lenders or that some lenders are unwilling or unable to serve...
How To Keep Listing Agents From Filtering Out Offerstag:www.searchlightcrusade.net,2010://3.50362022-10-03T14:00:00Z2022-10-03T16:32:57ZDan Melsonhttp://www.searchlightcrusade.net/
This is a real, major and pervasive problem in the industry. For a while, it mostly went away as listing agents were desperate for any offer, but it has come back. At least two properties my buyer clients have...
When Selling, You Need To Understand Your Target Markettag:www.searchlightcrusade.net,2009://3.47872022-09-19T14:00:00Z2022-09-19T13:45:29ZDan Melsonhttp://www.searchlightcrusade.net/
One of the hard things to get through to sellers is to understand the characteristics of the sort of buyers they need in order to have a successful transaction. If a given set of prospective buyers can't afford the property,...
How Soon After You Purchase A Home Can You Refinance?tag:www.searchlightcrusade.net,2007://3.35702022-03-14T14:00:00Z2022-03-14T12:47:46ZDan Melsonhttp://www.searchlightcrusade.net/
Legally, immediately. This also applies to refinance loans. With that said, there are economic reasons why it may not be a good idea for you to refinance. If you have a prepayment penalty, you're going to have to save a...
Wanting a More Expensive Property Than You Can Really Affordtag:www.searchlightcrusade.net,2009://3.47322022-02-21T15:00:00Z2022-02-21T17:10:27ZDan Melsonhttp://www.searchlightcrusade.net/
This is one of the biggest issues with my local real estate market. Because the San Diego market has very high demand and limited supply of property, prices are high. A reasonable two bedroom condo runs around $200,000. A 1200...
Investors Aren't The Only Ones Who Can Fix Ugly Propertiestag:www.searchlightcrusade.net,2009://3.47252022-01-04T15:00:00Z2022-01-04T14:43:08ZDan Melsonhttp://www.searchlightcrusade.net/
A couple years ago, I took a look at a lender owned property a few miles from my office. It was ugly. I mean ugly. The yard was a mess, there was a deck that was rotting. The facade looked...
The "We'll Keep You In Your Property" Scamtag:www.searchlightcrusade.net,2009://3.47212021-12-27T15:00:00Z2021-12-27T13:54:05ZDan Melsonhttp://www.searchlightcrusade.net/
This is a pure scam throughout, but it's legal as far as I know. I'm not going to go into more details than I can avoid. The universe knows there's enough people pulling this right now, but the bad guys...
Full Circle: Back to More Traditional Lending Standardstag:www.searchlightcrusade.net,2009://3.47192021-12-21T15:00:00Z2021-12-21T18:14:13ZDan Melsonhttp://www.searchlightcrusade.net/
When things went south in the real estate market, I saw more changes in the lending industry in a few months than the previous five years. But those changes mostly restored us to the place we were a few years...
Buying Investment Property - An Example of the Issuestag:www.searchlightcrusade.net,2007://3.35332021-11-29T15:00:00Z2021-11-29T16:59:47ZDan Melsonhttp://www.searchlightcrusade.net/
My aunt is going to move to a new condo and wants to sell her old one. I would like to buy her old condo as an investment and rent it out (as I am already a home-owner). This...