mortgage

Important News Regarding the Banking Industry

There have been many changes in the market over the past several months regarding the new regulations on the appraisals for lenders. The enclosed letter is a from the appraisal firm that does our monthly market updates that we send to you all.

Please do read the enclosed letter that was written as I do believe that this will help you understand some of the changes that we are experiencing in the lending side of our business. I do realize this is all very confusing as to how it affects you home value today. I hope this will help you have a better understanding of what the issues are in the market that we are in.

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mortgage

Making Money with Foreclosures

Turning foreclosed homes into cash. All it takes is legwork, a line of credit and a lack of emotion

Around the time his fellow Nashville, Tenn. residents are sipping their coffee some mornings, Kirk Leipzig finds himself standing elbow-to-elbow with a gaggle of bankers on the steps of the nearby Williamson County Courthouse.

Leipzig is there to scope out which banks are buying which houses out of foreclosure. Once they do, the properties are wiped clean of liens and other debts, and the bankers are often itching to unload them. Sometimes they do so right on the spot.

More From Forbes: Smart Ways to Profit From Foreclosures

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