The major difference between title insurance and other types of insurance covers is in its function. For homeowners and lenders, title insurance is the ultimate cover against defects and encroachments on their property title. Defects in this context usually include forgery, fraudulent ownership claims, [...]
Without a doubt, loaning to borrowers will always be a risky business to venture into. In particular, private construction lenders face more risks than usual. For example, by betting on a construction project, private lenders have to ignore the possibility that the project might [...]
The California Consumer Privacy Act (CCPA) is a landmark legislation measure that establishes a slew of new privacy rights for California individuals and stringent requirements for businesses that collect personal information about them. The act took effect on the 1st of January, 2020. Personal [...]
One of the most common stumbling blocks for newcomers to the real estate investment sector is figuring out how to fund rental property transactions. There are several available alternatives to beginner real estate investors, but as expected, a number of sources for funding could [...]
A mortgage pool is a collection of mortgages held in trust as collateral for the production of mortgage-backed securities. These are the simplest types of mortgage-backed securities. The mortgage pool has quite a number of advantages, some of which include; Diversification The mortgage pool [...]
Every lending journey starts from seeking a borrower and real property collateral. However, real property collateral may sometimes have a false appearance, so it is important to make adequate research and findings to avoid unresolved liens from the previous owner. Put differently, anything that [...]
Most people wonder how private lenders can be of great help in both expected and unexpected trying situations. Mostly, a private lender can be anybody: a family member or a hard money lender. Many banks also give out loans. In fact, they are a [...]
The majority of private lenders source their beginning capital from private investors, including friends and family. While this could be an easy way to raise capital, there is the limitation of not raising enough funds or the issue of trust when it comes to [...]
Over the last decade, fix and flip loans have gained more popularity in the real estate industry. The private lending business filled the financing gap left by the bankruptcy of sub-prime lenders and regular banks' tightening of lending requirements. Ready and willing to fund [...]
In 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law by President Barack Obama in response to the financial crisis and recession that hit the economy of the United States. The act was designed to protect customers against predatory [...]
