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Second Mortgage News is an EIN News Service for real estate professionals. Constantly updated news and information about reale state.
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Latest Second Mortgage News

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  • Productive Debt versus Unproductive Debt 8 Dec 2009 20:16 GMT
    ... new debt in the form of a second mortgage on a home may finance the purchase ... 30 this year. Meanwhile, loans secured by real estate increased from $1.43 trillion in the fall ...

  • Secure an Aventura Real Estate Purchase with the Down Payment 5 Dec 2009 18:13 GMT
    ... Secure an Aventura Real Estate Purchase with the Down Payment Saturday, December ... stimulus package now extends to non-first timers. Second mortgage Another excellent alternative to help you come ...

  • The Importance of Pre-qualifying For a Mortgage 6 Dec 2009 07:57 GMT
    ... Chriss Carr is the Vice-President of CFS-Mortgage. Founded in 1982, Phoenix-based ... CFS Mortgage originates all types of residential real estate loans including conventional, conforming, FHA, VA jumbo, lot ... document that you can take to your Realtor to show you are pre-qualified. Realtors love ...

  • Lanesborough REIT Completes Sale of Eight Properties for $40.3 Million and Reports Gain on Sale of $8.98 Million 7 Dec 2009 19:26 GMT
    ... WINNIPEG, Dec. 7 /CNW/ - Lanesborough Real Estate Investment Trust ("LREIT") (TSX: LRT.UN) announced today ... $6.55 million was satisfied by LREIT providing second mortgage financing to the purchaser for an 18-month ...

  • Feds issue new guidelines for short sales and deed in lieu of foreclosure 7 Dec 2009 14:55 GMT
    ... This means that if there is a second mortgage, the borrower should be negotiating this option ... property must be listed with a licensed real estate agent, and proof of the listing must ...

  • Bradenton couple prevail in mortgage imbroglio 4 Dec 2009 13:25 GMT
    ... loans approved during the height of Florida's real estate boom, said their attorney, Dawn Marie Bates-Buchanan. ... Buchanan said. The application was for a second mortgage, when it was a first mortgage. And ...

  • Reason not to foreclose quickly 6 Dec 2009 06:39 GMT
    ... In today's real estate market it may not be wise to ... and eliminate all liens such as a second mortgage. If an owner becomes delinquent on association ...

  • Lanesborough sells apartments for $40.32-million 7 Dec 2009 19:33 GMT
    ... GAIN ON SALE OF $8.98 MILLION Lanesborough Real Estate Investment Trust has completed the sales of ... which $6.55-million was satisfied by LREIT providing second mortgage financing to the purchaser for an 18-month ...

  • The Hunt: House Hunters Wanted a Place for Baby 6 Dec 2009 03:14 GMT
    ... told the Patrenicolas about two R.E.O.'s, or “real estate owned” houses that had been repossessed by ... owner had been unable to repay a second mortgage. They bid $550,000, but were told there ...

  • Financial adviser Earl Jones could face more charges: lawyer 5 Dec 2009 06:00 GMT
    ... luxurious lifestyle long enjoyed by Mr. Jones. Real estate agents mandated to sell a condo in ... late 2006, Mr. Jones took a $558,750 second mortgage on the condo, which he had jointly ...

  • 4 Tips to Improve Your Odds for Short Sale Success 6 Dec 2009 18:36 GMT
    ... candidates. If your prospective seller has a second mortgage, a home equity line, multiple liens or ... Rick Sharga is senior vice president at RealtyTrac. RISMedia welcomes your questions and comments. Send ...

  • Mortgage Appraisals 30 Nov 2009 00:33 GMT
    ... The home could have unintentionally been overpriced. Unfortunately, this mistake could ... the surprise of a low appraisal. Most realtors offer a Comparative Market Analysis. Known in ... CFS Mortgage originates all types of residential real estate loans including conventional, conforming, FHA, VA jumbo, lot ...

  • Help for the Rental Property Owner - Is There Such a Thing 1 Dec 2009 15:56 GMT
    ... difficult it's been in this economy. The real estate market has taken a huge hit with ... used as a rental. Also if a second mortgage is attached to the rental it can ...

  • Buying a property with a small deposit 1 Dec 2009 02:31 GMT
    ... plenty of options for getting into the real estate market. Despite the mortgage-due-on-sale clause, sometimes a ... these cases, the seller will require a second mortgage to get their equity out of the ...

  • Short Sale Reforms Could Speed Recovery - RE/MAX Chairman Lauds Government Action 2 Dec 2009 22:37 GMT
    ... have become an increasing part of the real estate business as besieged homeowners look for alternatives ... -Limits proceeds to second lien holders - Second mortgage holders can only receive up to $3,000 ...


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