The process is a long one after foreclosure for banks. The banks take weeks after foreclosure to get their paperwork together, do evictions and minor clean up and make the assignments to the real estate brokers who they have hired to handle their properties. But the time of clean up and eviction is not the [...]

Filed under: Banking

Wishful thinking…Some people have the misconception that if you don’t get a paycheck or regular income you don’t have to file your taxes. Even if the only source of funds you receive is a social security check and you live below the poverty line you still have to file your income taxes. But millions of [...]

Filed under: Tax

If you ask any seasoned investor about the purchase of bank owned foreclosures, you will discover that timing is actually everything in this business. By knowing when the right time to make your move is, you actually avoid some of the serious risks that usually come with foreclosure investing.The Right TimeAs a buyer, it is [...]

Filed under: Banking

The HECM or Home Equity Conversion Mortgage is a loan program offered by the HUD to allow homeowners to turn their equity into cash. If you’re planning to buy another property, like a Coral Gables real estate home, an HECM is a great option to afford it. The program, however, is reserved for senior citizens [...]

Filed under: Mortgage

Real estate is one of the best places to invest your money. Unfortunately, for the uninitiated, real estate can also be one of the riskiest ways to invest your money. The best single way to minimize your risk is to purchase properties for as little as possible, and the best way to do that is [...]

Filed under: Investing