In the last two years, the popularity of reverse mortgages has grown enormously.I was looking at some Australian statistics yesterday and in Australia, almost $900 million worth of loans written in 2008.
The trend in Australia follows huge success that lenders…
Seller-Held Private Mortgages & Notes
By
Sam Mannino
During my 40 year career as a mortgage banker, I have been asked countless times to purchase or sell seller-held or purchase money mortgages, taken back by sellers of real estate. Unfortunately, not all of the sellers…
Some market logic has been known for ages. One of them says that crisis brings lower prices of goods and services. Consumers have less money, they think twice before spending them. Should the seller want to avoid going bankrot, he…
For many seniors, home equity is roughly 30-40 percent of their net worth. They are house poor often times and don’t have the available funds to make repairs. If you and your spouse are both at least 62 years of…
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