Most of the press is following the lies being told. Shadow Inventory in the state of Florida is giorwng in record amounts. They seem to think if they ignore the elephant (shadow inventory)in the room people will forget about it and property values will go up and buying will resume. Well if they keep ignoring this problem it is only going to get worse. Published reports indicate Florida has around 450,000 homes in shadow inventory thats nearly twice 2nd place California. These properties are giorwng at a much faster rate than they are processing through the courts (Florida is a judical state). The banks are holding back the properties it is not FNMA or Freddie Mac or the courts. The banks are allowed to keep the properties on their books at asset value (the banks determine asset value) want guess where they value the properties their books(make not stockholders), they also have to get clear title before going to the courts. What ever the real reason in Florida the foreclosures on the market have dropped dramaticly but they have not gone away. The longer this continues the further prices will fall. It appears the idiots that got us in this position (the banks and the government) are making these decisions to stall the process.
As a matter of law, if there is a clasue in a lease or a renta;l agreement, that will normally control in such cases. If not, the question will turn on common usage and practice of the parties. By that I mean what the parties to an agreement in similar situations in the past have done is what a court would require them to do in this case. As a general rule, as soon as rent becomes past due a pay or quit notice can be served on the tenant. Keep in mind though that as a landlord your remedy is an unlawful detainer action if you want the tenant out, which will get you a writ of ejectment if you win. The writ is the order from the court to the tenant. Also be aware that you cant change locks, remove doors or windows or interrupt power, gas or water service as a means of forcing the tenant out.
Neuse Colony is a wonderful gated cimtunomy in Clayton. We have enjoyed our house at 205 Magnolia Cirle. With the fishing and walking the paths along the lake and down by the Neuse River you wouldn't expect to have such great schools and easy commute to anything you want to do in and around Raleigh.
In a short sale, you are asking your moaggrte company to accept the proceeds of the sale as full settlement of your debt. This is better than a foreclosure, but is still a partial forgiveness of the debt. A less damaging option may be to convince the bank to allow the sale and give you a loan for the difference. Unless you can afford to keep the house, you are better of with one of these options.
The poem: poem beginning in no and enindg in yes Touches on a very sad subject, that being the death of Hector Peterson- connoting the harsh realities of death. the poem takes you on a journey from to bad to tragedy, to reason, and concludes with hope.
it's been awhile but I've seen pics of ftarocy R D engineers from one of the Big 3 standing next to big block chain driven DOHC 4 valve per cylinder monsters from back in the day meant for NASCAR racing. Apparently these engines never made it to the track but I wonder where they are now. Hopefully someone saved these things. Do you have pics of your collection?
Great list. I would add only one other book. That's Frank Gallinelli's What Every Real Estate Investor Needs to Know About Cash Flow and 36 Other Key Financial Measures Gallinelli walks you through all the fianacinl analysis tools with wit, humor, easy examples terrific explanations. Even a novice will quickly understand cap rates, discounting, ROI and the other tools.
Hi Tracey,The training is in class at the Rock Star ofefcis in Burlington led by Tom Karadza. I'm not sure about the date of the next training class as they are infrequent and fill up quickly but if you fill in the form, Emily our Office Manager will give you a call with the date and mail you a confirmation letter.Hope that helps!Erwin
Excellent article, wrteitn in wonderful brevity. Tim, you hit the nail right on the head. Litigators should stick to their guns and not reinvent the wheel. But, its important to understand the new caveats to these types of claims. Thanks for the post.Douglas Reiser recently posted..
I do trust all the ideas you have introduced on your post. They're very ccivinonng and will certainly work. Still, the posts are too quick for novices. Could you please extend them a bit from subsequent time? Thanks for the post.
In California you have to atleast take Realestate Principles. You can take this by coaorsprndence thru the mail. There are several companys that offer this type of class if you type california realestate school in yahoo search you will see a long list. You can sign up for the state exam once you are enrolled in the class. Here is a link for the official state DRE: