by Phyllis Rockower | Apr 2, 2020 | Real Estate News
Owner Financing 101 The following is a post created by Phyllis Rockower in 2016 but is still relevant. Her son, attorney, and real estate investor, William Bronchick, is continuing her blog as per her wishes and continue to educate real estate investors. There are...
by Phyllis Rockower | May 15, 2013 | Real Estate News
Think its hard to get a loan? You ain’t heard anything.The pendulum has swung so far to the other side- from granting a loan to anyone who breathes, to making it virtually impossible to most people. Forget even trying if you work for yourself. Besides the...
by Phyllis Rockower | May 3, 2013 | Uncategorized
No- its not like last time. Last time if you could breathe you got a loan. Today you have it’s prove income, assets and have a healthy down payment. You will pay a high interest rate and if your credit score is low, you might have to put down up to 40%. For...
by Phyllis Rockower | Oct 10, 2012 | Real Estate News
Wells Fargo was sued by U.S. attorney’s office in Manhattan. FHA is saying that wells approved thousands of fraudulent loans that FHA had to cover since they insure the loans. FHA is a quasi-government arm and they got hammered because they had to cough up...
by Phyllis Rockower | Sep 19, 2012 | Economic News, Housing News
Next mess: Hedge fund are creating the first security that would be backed by home-rental payments. The bonds would work similarly to mortgage-backed securities – only the flow of investor returns wouldn’t come from monthly mortgage payments, but rather income...
