First, a definition. A hard money lender is one that makes short-term loans using the value of the real estate as collateral rather than the borrower’s ability to repay based on personal income or assets. Expect to pay a higher interest rate since these types of loans...
It’s often said that the more things change, the more they stay the same. That’s dismally true where Bank of America is concerned, as two more lawsuits filed against the banking giant this week reveal that once again, BofA and mortgage fraud go hand in hand. The...
It was an unpleasant word when it was coined back in the seventies, and that’s still true today. But some economists fear that stagflation _- that hybrid of stagnation and inflation that raised its ugly head fur decades ago may be returning to haunt the emerging...
The sun sets in the west, but in economic terms, it may just be starting to rise. After Asian economies, led by China, began to surge a few years ago, economists and market watchers claimed that the future belonged to the East. Leaving the US and the struggling...
Scam artists have probably been around as long as humans have – and their basic bag of tricks hasn’t changed. Now though, the Internet is crating ways to put new spins on those old tricks to reach even more potential marks -- and the turmoil in the housing market...
Jason Hartman interviews Bud Conrad, Chief Economist of Casey Research, regarding the geopolitical focal points in our world, funneling these down to how it all affects the United States. Bud mentions the importance of looking at the big picture of what is happening...
Want to buy a house? Got a dollar to spend? That’s the sales pitch for the infamous “dollar house” in Detroit – a home that’s actually listed for sale for just one measly buck. But even tat that rock bottom price, nobody’s biting. As of the beginning of August 2013,...
Gold prices are continuing to tumble, dropping in June 2013 to their worst first-half levels in over 30 years, thanks in part to the rebound of the US economy and the planned rollback of the Federal Reserve’s mortgage securities stimulus plan. And as gold fades from...
They’re calling it the ‘renter tsunami” - a wave of Americans choosing tot rent rather than buy homes that’s fueled by two key demographic groups: millennials and the newly retired. Although these two groups may not appear to have much in common, their desire to rent...
Remember phishing? Now there’s smishing, a new kind of electronic identity theft targeting uses of smartphones and tablets. But although the venue may be new, these scammers are simply adapting the same old tried and true tactics that con artists used to use on the...
