Mortgage

Mortgage

Joffrey Long: Reverse Mortgage Benefits to Be Reduced

GRANADA HILLS, Calif., Sept. 17 /PRNewswire/ -- A favorite reverse mortgage program -- one that gave borrowers the most in cash, monthly income, or credit line benefits, is soon to end.

Joffrey Long: How Smart Investors Are Profiting From the Sub Prime Meltdown

GRANADA HILLS, Calif., Sept. 17 /PRNewswire/ -- Four Months Ago, Bob Edleson, a private investor in real estate loans, was having difficulty keeping his money invested. "There just weren't enough good loans to invest in." Today, with many subprime lenders not making loans, Bob has a wide choice of loans in which to invest. Bob is a "private money" or "hard money" investor. From individuals with just 30,000 invested, to those who invest millions, they loan to borrowers whose credit or property doesn't meet the conditions of institutional lenders.

Joffrey Long: Reverse Mortgages – Wait and Lose $30,000

GRANADA HILLS, Calif., Sept. 17 /PRNewswire/ -- A recent article published by a major Organization for Retired Persons offers what looks like a poorly thought out suggestion. The article suggests that those considering a reverse mortgage "wait it out" for a year or two. While there may be some borrowers who truly are not yet ready to start a reverse mortgage, there are a number of potential problems, none of which were disclosed in the article.

Popular Government & Nonprofit Press Releases

Recent Government & Nonprofit Press Releases

Real Estate Investor Sentenced to 30 Months in Prison for Rigging...

A real estate investor was sentenced today for his role in conspiracies to rig bids at public real estate foreclosure auctions in Northern California, the Department of Justice announced. Michael Marr was charged on Nov. 19, 2014, in an indictment returned by a federal grand jury in the Northern District of California.