Finessing the Financing – Navigating the Current Real Estate Buyers Market Part I

Every one is talking about the foreclosure crisis and the slump in the economy. With all the despair surrounding our Nations economy how is one to take advantage of this once in a lifetime buyers market?

Patience, persistence, negotiation, and creativity in financing will be a good point to begin with. For most people going to the bank and asking for a loan is the only way they know how but this series of articles will give you insight on how to finance a home without initially using the bank.

The techniques are legal and are in use by investors. We learned these techniques to be able to finance the deals we have put together for the person with less than stellar credit.

Financing, until recently, was not the barrier. People were being given sub prime loans and are now paying the price of the sub prime lending scam. The loans were legal but they were a disservice to people, this is why I’m calling sub prime loans a scam.

Sub prime loans take advantage of people who are, one not informed, or two who have less than perfect credit. The techniques that will be in this article will not be scams of the sub prime lending. These are techniques you can start using today to help you be in a house in less than thirty days.

These are not sub standard property’s that are involved in the techniques of this article although the same techniques can be used on the less than desirable home.

For many Americans a few blemishes on their credit can keep them from homeownership. Many have sought the services of the credit cleaners, but still a few things may stay due to the nature of the type of account or length of delinquency.

With a conventional loan comes conventional thinking. In our current time and economy there is a call for unconventional thinking on the part of buyers as well as sellers.

One creative technique would be to have a seller carry the financing for either the second mortgage, if the buyer cannot finance the entire amount. Or the seller could carry a first mortgage if the buyer is really having trouble with the bank. Loans like these will probably become more common as the banks begin to tighten the lending requirements.

According to many analysts lending is not as tight as it is going to get in the very near future.

Of course the seller would only hold the note for a short period of time, unlike a conventional loan, which would be for thirty years. The buyer’s mortgage would be for three to five years. At the end of the time period the buyer would find the financing for the remaining portion of the loan. By that time the buyer should qualify for a refinance of the loan.

This is only one of the many ways to finance a home creatively and legally without the buyer or seller losing anything but gaining everything.

Ten Travel Tips You Need to Know

When I travel for any reason, I always need to be prepared. I need to know where I’m going, where I’m staying, and what I will be doing when I get there. So it would not surprise you that I would also need to be well prepared for anything when I pack my suitcase.Now I’m not talking about clothes…although I always bring enough of everything for 7 days of hot or 7 days of cold. But these tips I listed are good reminders of what you need to bring along.Here are the ten great travel tips you need to know before packing your suitcase and heading to the airport for your dream vacation. I would not want anything to happen to you that may spoil your well deserved vacation.Read and remember the helpful tips listed below to assist you in a stress free, relaxing vacation getaway!!TEN TRAVEL TIPS!!
Several months in advance, before you plan to travel, make sure you have a valid US passport and/or any visa you may need.

Research and read any public information, announcements or travel warnings for the location you plan to visit. You can find this information on the US State Department’s website.
Get familiar with local laws, customs, and currency exchange rates for the countries you are visiting.

Make 2 copies of your passport identification page. In the case that your passport is lost or stolen while you are abroad, you’ll be well on your way to getting it replaced and finding your way home. Leave one copy with family or a friend back home and take one copy with you (packed in a separate location from your passport).

Leave your contact details with friends or family, so that you can be contacted in case of emergency. Be sure you determine with them what actually constitutes an emergency, so that you are not called about something you can do little about…except worry.

Do not leave your luggage unattended at any time in public areas.

Do not accept packages from strangers. (What you were taught at a very young age still applys)

Avoid being a target of crime!! Do not wear conspicuous clothing or expensive jewelry. Do not carry with you large sums of money, a wallet full of credit cards or other gadgets not needed for travel.

To avoid violating local laws, deal only with authorized agents when exchanging money or making a sizable purchase.

If you find yourself in trouble, contact the nearest embassy for your country.

Enjoy yourself!! Have a lot of fun!! Vacations are designed to recharge your batteries and give you memories of a lifetime!

SEO Spiderz

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