by William Bronchick | Mar 31, 2020 | Business Advice
by William Bronchick, Esq. So, you just got that great bank-owned property under contract and now you need a loan to buy, fix and flip. You went to three hard money lenders and they turned you down. Why? Because you STINK at selling your deal. That’s right, you need...
by Phyllis Rockower | May 31, 2013 | Economic News
They say that the rules brought on by the Consumer Financial Protection Bureau go too far in insisting that lenders verify borrowers ability to pay. A new government agency called the Consumer Financial Protection Bureau has been created to protect consumers from...
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 | Dec 16, 2012 | Real Estate News
It was supposed to expire at the end of the year. If you flipped a house within 90 days, you could not sell to someone who is getting an FHA loan. In the 90’s there was a lot of hanky panky going on. In its usual way, the govt went overboard the other way but...
by Phyllis Rockower | Sep 24, 2012 | Economic News, Housing News, Real Estate News
Even though the rules were meant for condo developments, this also applies to individuals looking to buy and sell condos. I have previously told my students not to bother with condos unless it was owner financing or subject because it if you think it is tough to get a...
