In a booming real estate market, making money investing in homes is easy. Buy a house, slap on a new coat of paint or replace the carpeting and ride the appreciation train to a quick, profitable resale a few months later.
When prices decline — as they have in the Puget Sound area over the past [...]
Archive for November, 2009
Buying and selling real estate in this market takes experience, deep pockets
November 30th, 2009 by HardMoney Writer
Tags: broker, foreclosed, foreclosure, hard money, home investors, investors, lenders, making money, mortgage brokers, private investors, real estate, Real Estate Association of Puget Sound, realtors, tax credit
more...Florida Hard Money Filling The Gap
November 27th, 2009 by HardMoney Writer
Hard money loans are known by many names. You may be familiar with the other names hard money loans go by such as “private money loans”, “hard equity loans”, “equity only loans”, “subprime loans” or “portfolio loans”. No matter what you call them they are filling the huge gap left by conventional lenders for investors [...]
Tags: bad credit, bankrupty, equity loans, foreclose, hard equity loans, hard money, hard money investors, Hard Money Loans, home owners, investors, lenders, mortgage brokerages, portfolio loans, private money loans, subprime loans
The Federal Reserve’s Silver Lining
November 26th, 2009 by HardMoney Writer
The Central Bank of the United States, the Federal Reserve, is under intense scrutiny for its unprecedented actions following the 2008 financial crisis. Amidst the carnage of the financial crisis and real estate crash, Congress has taken a fresh look at the actions of the Federal Reserve on the economy.
Seeking an Audit
A new bill in [...]
Tags: Central Bank of the United States, diclosure, Federal Reserve, financial crisis, Government Accountability Office, investments banks, investors, real estate
Alaska agrees to $10M abuse settlement
November 25th, 2009 by HardMoney Writer
The Catholic Diocese of Fairbanks and representatives of almost 300 alleged victims of clergy abuse have agreed on a settlement of almost $10 million.
The agreement was discussed Tuesday at a status hearing in federal bankruptcy court and will need to be finalized. The deal could be completed by mid-January.
Plaintiffs’ attorney Ken Roosa said some of [...]
Tags: bankruptcy, federal bankrupty, hard money, insurance companies
G.M. Seeks Assistance From Europe for Opel
November 24th, 2009 by HardMoney Writer
As executives of General Motors met Monday with European officials to ask for financial help in overhauling its struggling auto operations, Germany reopened a bitter public debate over state aid and job protections that has sharply divided its government.
After talks in Brussels on Monday with European countries where G.M. has plants, Nick Reilly, the interim [...]
Tags: bridge loan, financial, general motors, GM, investments, Private Equity
Behind a failed mortgage company
November 23rd, 2009 by HardMoney Writer
For years, Richard MacDonald’s investments with Financial Resources Mortgage in Meredith seemed like a sure thing. His deposits, which totaled more than $1 million, helped finance building projects across Northern New England. Interest checks arrived in the mail every month. And MacDonald felt secure knowing the construction sites were within an hour or two of [...]
Tags: bankrupty, bridge loans, broker deals, financial crisis, Financial Resources Mortgage, hard money, hard money lender, investments, investors, mortgage, private investors, real estate
Battling over anti-Bush donors
November 20th, 2009 by HardMoney Writer
Bush camp launches legal fight against large-dollar Democratic funders
The Republican National Committee and President Bush’s campaign opened a new field of fire Wednesday on Democratic “soft money” groups that are raising millions of dollars to air anti-Bush ads and do grass-roots organizing to defeat him.
In an unprecedented move, the RNC and the Bush campaign filed [...]
Tags: America Coming Together, Bush, Bush campaign, Federal Election Commission, hard money, Media Fund, Real Networks CEO, soft money, The Republican National Committee
U.S. Dollar Carry Trade
November 19th, 2009 by HardMoney Writer
When Bad News is Good News
For the logically inclined, the action in the stock markets these days must be a riddle, wrapped in a mystery, inside an enigma.
That’s how backwards things must appear as the unemployment rate goes higher and the markets jump right along with it. It makes no logical sense.
In fact if you [...]
Tags: bad news, dollar lower, good news, interest rates, tax cuts
Shurtleff mixes hard money with soft
November 17th, 2009 by HardMoney Writer
An attorney in Park City claims that Utah Attorney General Mark Shurtleff has violated federal campaign finance laws by using “soft money” raised under state financing rules to help bankroll his federal campaign for a U.S. Senate seat.
Attorney Joe Tesch requested in a nine-page complaint Oct. 16 that the Federal Election Commission investigate Shurtleff.
Shurtleff said [...]
Tags: attorney, finance laws, hard money, soft money, tesch
Why reform equals more campaign spending
November 16th, 2009 by HardMoney Writer
Despite the fact that President Bush signed into law a campaign finance reform measure in 2002, more money has been raised in this presidential election than ever before.
Correction. Make that: Because President Bush signed the campaign finance law, more money has been raised in the presidential election than ever before.
Partly because federal regulators’ interpretation of [...]
Tags: campaign finance, finance lawyers, hard money