How to Find Distressed Properties to Invest in Real Estate
The current real estate market has created an ultra-competitive environment for home buyers. No longer are the days when real estate investors could outbid competitors, secure a property, and flip it for an easy profit. [...]
FORECLOSURE SALES HAVE GENERATED $1.2 BILLION IN SURPLUS FUNDS FOR DISTRESSED HOMEOWNERS SINCE 2016 ACCORDING TO AUCTION.COM SELLER STRATEGY REPORT
· Report also shows online auctions reduce REO holding times 52 percent · 71 percent owner-occupancy for resales of third-party foreclosure sales Irvine, Calif. — March 31, 2021 — Auction.com, the nation’s leading distressed real [...]
The Commodization of Private Lending
More consolidation is coming—which coalition of federated solutions is going to lead the way? Is private lending following in the footsteps of the owner-occupied lending market and becoming a commodity? Is the pace accelerating in [...]
Business-Purpose Loans Should Be Exempt from Relief Measures
AAPL opposes foreclosure moratoriums and mandatory forbearance on business-purpose loans. COVID-19 has created some of the most far-reaching impacts our industry has seen. It is no surprise then that governments at all levels took some [...]
Last Call: New and Better
How I’ve worked with others has also defined my career path. I was born in Media, Pennsylvania, a small town outside Philadelphia—Go Eagles! My mom helped me get my first job, which was stocking [...]
How to Evaluate a Private Money Construction Loan
If you look out for the best interest of your investor and do your due diligence, these loans can provide a great return. As the COVID-19 crisis has ravaged many parts of the real estate [...]
Business-Purpose Loans Should Not Be Subject to Mortgage Lender Licensing
AAPL advocates for national business-purpose loan exemption from mortgage licensing. Generally, private lenders in states that require a mortgage lender license to make a business-purpose loan are already licensed, and those in states that do [...]
Recovering Your Investment from Bankrupt Borrowers
Borrowers filing for bankruptcy is normal, but you must have a good plan and a good bankruptcy attorney to help you get the highest recovery in the shortest amount of time. This is the first [...]
Insurance Coverage Guidelines for REO Properties
Make sure your properties are appropriately covered if the expected wave of foreclosures hits. Foreclosures are expected to surge in 2021 because of the pandemic and subsequent financial crisis. Some people believe they may double [...]
Pivoting in the Private Lending Space During a Global Pandemic
How easily can you reposition your business model to weather the bad times? Unprecedented. Pivot. Peloton. Puppies. Quarantine. Zoom. These are just some of the words that have come to embody our current environment. How [...]
The Housing Boom is Just Getting Started
As Q4 2020 wraps, we are in the midst of an absolute housing boom. This is undeniable and beyond that, it’s happening in the middle of a recession. Existing home prices are surging. New home [...]
5 Tips for Vetting Your Hard Money Real Estate Lender
There is a lot of money to be made in the real estate investment business. But while the HGTV celebrities make it look easy, for the rest of us, success is all about putting in [...]
The CFPB Answers to the President Now
What does this mean under a Biden presidency? This is a follow-up to “The Future of the CFPB Is at Stake,” published in the Q2 2020 issue of Private Lender. On June 29, 2020, the [...]
The Moratorium Effect
Government intervention in the housing and lending markets through eviction and foreclosure moratoriums is impacting private lenders’ ability to deploy capital and originate loans. To say things have changed in 2020 would be the understatement [...]
CIVIC Financial Services Announces Acquisition
CIVIC Financial Services LLC (CIVIC) has a new parent company in a deal its president says was truly a boon for all parties. “The win-win moniker is grossly overused and overstated. But, God as my [...]
Rules, Risks, and Capital Rewards: Private Lenders Find Success in a Post-COVID Market
Today, as Wall Street is looking for measured risk and maximum yield, private money for business-purpose residential loans is reemerging as an ideal market for their investments. COVID delivered a major blow to the private [...]
Dissecting Real Estate Appraising
Is it an art form or a science? The definition of appraisal—"an opinion of value”—appears straightforward and simple. In fact, the appraisal is likely the most misunderstood aspect of a typical real estate transaction. When [...]
Home Flipping in the Time of COVID
Renovate-and-resell profits have soared during the pandemic, but does that make it a good time to flip? When the COVID-19 pandemic was declared in March, Chicago-based investor Michael Hallman scrambled to mitigate any home flipping [...]
New Member Discount: Free Attorney Consult with Caballero Lender Services
Caballero Lender Services is the American Association of Private Lender's newest Member Discount partner, assisting lenders and servicers on private money loans by providing legal guidance and advice based on decades of experience in the [...]
AAPL Opposes New York’s Bill to Require Licensing to Transact Any Commercial Financial Product
NY A1420/S1061 Threatens to Require Licensing for Commercial (Business Purpose) Loans And Other Transactions UPDATE 3/17/2022 3:40PM CT: We received an alert that this bill has been amended as of March 17, 2022 and recommitted [...]
