July 27, 2004

You are invited to forward this newsletter to friends, colleagues and clients.

This month: 

1. Major improvement to our invest in seller held mortgages course.

2. As interest rates head higher, property prices are spiking as buyers rush to lock in the still low rates. But will the prices stay high? Many people have believed for some time that we have been heading for a housing "bubble". And recent large increases in certain areas just cannot be sustainable. Our view. Be careful if you are now looking to buy a home. You may be buying at the top of the market.

3. On-line simple calculator to help you make offers for seller owned mortgages.

4. Read the fine print in every deal.
We were recently asked about a seller-held mortgage for sale. The seller was selling the commercial property to the new buyer and was then  renting the property back from the new buyer. Everything looked wonderful, good interest rate, very low Loan to Value,  until we noticed a clause in the mortgage note as follows: If the seller stopped paying rent then the buyer (the new owner) had the right to set this unpaid rent off against the mortgage. In other words, if the seller went out of business then the mortgage would legally be diminished in value every month until it had a zero principal.
This was excellent protection for the new buyer. But it made this otherwise excellent mortgage totally worthless to a third party investor.

5. Your own professional mortgage broker or note broker web site for just $139 a year including design and hosting.

For many useful tools you may not have known we have, go to: Click here for resources.

Free info on mortgage investments, private mortgages, hard money mortgages, discounted mortgages, seller financing.

Mortgages, owner financing, deeds of trusts, discounted mortgages, seller financed mortgage, hard money mortgage

Web sites design hosted for note brokers   note and cashflow buyers web site design hosting  Web site design hosting for mortgage brokers, mortgage broker web site design