Tag Archives: Estate

“Options exist” for Genuine Estate Investors In spite of Modification of Bush Tax Cuts, says Peak 1031 Exchange, Inc. Executive Kevine M. Levine.

Posted on by


Woodland Hills, CA (PRWEB) February 08, 2013

In what appears to be holding up as a strong true estate marketplace delivering fairly advantageous returns as we enter 2013, it may well look that the expiration of Bush-era tax cuts and substitution of the increased capital gains tax rates established by The American Taxpayer Relief Act of 2012 could lessen options and returns for the upper-earning investor.

&#13

Not so, says Kevin Levine, Executive Vice President of Peak 1031 Exchange Inc. (http://www.peakexchange.com), Even though at initial glance, federal and state tax prices could rise a staggering 58% for actual estate investors beneath numerous aspects of post-Fiscal Cliff and other new legislation, there are ways to soften and delay that form of impact.

&#13

Levine advises investors with an eye on lengthy-term returns to assess each their portfolio and their sense of exactly where the industry is headed and — if they stay committed to genuine estate as a channel for robust returns and inflation protection — to investigate a 1031 exchange to defend gains to date and defer the bite of elevated taxes for now. Executing a 1031 exchange permits a actual estate investor to defer the capital gains taxes generally due on the sale of a home by way of a like-type home exchange rather than an outright sale.

&#13

For the upper-earnings investor, the capital gains tax rate has improved from 15% to 20%, to which must be added state taxes in certain states as effectively as a 3.8% Medicare surtax on net investment income — but under a 1031 exchange, all of these improved taxes are deferred. In reality, Levine points out, investors had already begun to come to Peak 1031 Exchange, Inc. to investigate and execute these kinds of transactions even just before the Fiscal Cliff was averted at years end. It turns out to have been a wise defensive move then, he says, One particular that, for the proper investors, seems even smarter to check out proper now.

&#13

Peak 1031 Exchange, Inc.(http://www.peakexchange.com) is a leading national provider of tax-deferred 1031 exchange solutions, specializing in all like-type transactions including Simultaneous, Delayed, Reverse, Improvement and Individual Home exchanges. It is part of the Peak Corporate Network (http://www.peakcorp.com), a brand representing a group of entities providing a complete array of commercial and retail actual estate services nationwide which includes mortgage lending, loan servicing, brief sale solutions, foreclosure solutions, real estate brokerage and escrow services.

&#13
&#13
&#13
&#13
&#13

Related Loan Modification Services Press Releases

Expert Real Estate Broker Releases New Book, Support! I Cant Make My Home Payment!”

Posted on by

Phoenix, AZ (PRWEB) April 01, 2013

Liz Recchia, a expert true estate broker and owner of We Sell True Estate, LLC who has sat across the kitchen table from hundreds of distressed real estate owners, announces the release of her new book, Support! I Cant Make My Home Payment! (2013). This comprehensive resource for the distressed homeowner covers loan modifications, quick sales and foreclosures from the first missed payment to the close of a brief sale or completed foreclosure. The book offers a complete look at what a homeowner is facing and how they can handle the approach to obtain their very best outcome.

&#13

In March, RealtyTrac reported a 22.7% improve in foreclosure filings among the end of January and the end of February nationwide. Nevada saw a 334% improve year over year while California saw nearly a 50% boost year more than year. Phoenix, Las Vegas and several cities in California seem on RealtyTracs Very best Markets for Purchasing Short Sales list as brief sales stay a big part of those markets.

&#13

Aid! I Cant Make My Property Payment! gives distressed property owners the tools to handle and control their distressed homeownership, their private finances and their emotions while they negotiate a short sale or loan modification. A lot more importantly, the book equips homeowners to make rational decisions and plan their monetary future so they can prepare to acquire a property once again in a single to 5 years.

&#13

Help! I Cant Make My Home Payment! goes beyond the technical, legal, and financial processes of other books and addresses home owners from their point of view The Kitchen Table perspective. Actual case histories detail the documents home owners see and illustrates real world examples of the choices property owners make. The book shows property owners how to remain in manage of the approach and manage their choice making based on information not emotion whilst producing plans for future economic stability and real estate ownership.

&#13

Title:

Omega Implementing Merge Technique to Build a Industrial Genuine Estate Lending Platform

Posted on by


MIAMI (PRWEB) June four, 2008

This inventive technique will focus on Omega and a Merger Candidate entering into a Program of Merger Agreement with the common elements and structure:

&#13

Omega and merger Candidate will agree to merge the Candidate with OCFN as a wholly owned subsidiary organization of OCFN. The merger Candidate assets will be evaluated by certified true estate analyst and have to meet our institutional underwriting criteria. Omega’s Securities and Exchange accounting firm will conduct a full audit of the financials of each and every ownership entity, like but not restricted to the most current 2yrs Earnings Statement, 2yrs Balance Sheet, year to date Statement of Operating (Interim Financials), and 2yrs tax returns. Additionally, the merger candidate should provide an appraisal of every single home, corporate documents, operating agreement, and any other associated documents. Upon the completion of the necessary due diligence, the Merger Candidate will turn out to be a wholly owned subsidiary of Omega Commercial Finance Corp., hereinafter named the “Efficient Date”. Post merger, OCFN via its investment banking relationships will use our Balance Sheet (not the asset) to raise capital for development, acquisitions, and recapitalization for the merger candidate. As a wholly owned subsidiary each entity will operate separately from OCFN and sustain its existing management and employees. Nonetheless, ownership will become a Board Member of OCFN as a specific Co-Chair committee member that oversees the approval procedure of any material event pertaining to the merger candidate’s asset, and with Veto Power for any choice pertaining to that operation. OCFN will participate through the Operating Agreement a negotiated profit split of the Net Profits of the merger candidate post merger. The present subsidiaries of Omega Commercial Finance Corp. ASG Securities Full Service Broker Dealer Omega Capital Funding LLC fully operational loan origination and administrator for public company Omega is searching for strategically to align ourselves with non core and core asset owners, to build a solid commercial real estate finance organization in a market place that is in require of mid level CRE financing. We feel by merging with asset owners and utilizing our public company’s platform will improve the use of the capital markets to develop an unyielding firm.

&#13

Our Core Business Objectives

&#13

Omega seeks to originate short term (2 to five year term) financing for commercial real estate (CRE) complete loans, mezzanine loans, participating equity loans, and distressed CRE portfolios of large financial institutions. The majority of our clientele consists of domestic institutional industrial actual estate purchasers, developers, knowledgeable actual estate investors, and foreign corporations, who are mostly focusing on quick to mid term structured financing applications and/or loans collateralized by CRE and other assets. Loans are originated with the intent to be securitized and sold in the secondary market place.

&#13
&#13
&#13
&#13
&#13

Actual Estate Brokerage Opens Door With Assisting Chase, BofA and Wells Fargo Below Water Residence Owners Who Seek Brief Sale

Posted on by


Hayward, CA (PRWEB) April 15, 2013

Many homeowners have grow to be exhausted with the method of trying to keep their underwater principal residence or rental properties (Condos, Town Homes, Multi Loved ones included). The loan modification qualifying requirements in a lot of situations are unreachable with no Altering the terms of the modification program which in essence, lenders and servicers cant or are unwilling to do.

&#13

For a lot of, coming to terms that promoting their home and starting with a new slate might be difficult, but not the end of the globe. Soon after all, it takes as little as two years for numerous to be able to re apply for a mortgage. In that time period, numerous folks are capable to repair their credit, reorganize or remove their debts so that after they are on the market once more in as small as two years, they are able to buy even though actual estate prices could nonetheless be fairly inexpensive.

&#13

ACL Actual Estate and Home Management Agents will now assist borrowers who attain out to get quick sale help. With quick sales recognized to take long periods of time to total, ACL Real Estate may, at sellers discretion, have a cash supply from a buyer ready to submit for bank approval. This eliminates some of anxiousness of having several individuals to come in and view the residence during the marketing period.

&#13

ACL Genuine Estate and Home Management is a full service East Bay Location Brokerage that specializes in Selling and Managing Single Family/ Multi Family units. The Service Regions Consist of but not limited to: Alameda County, Contra Costa County, San Mateo County. Berkeley, Dublin, Livermore, Pleasanton, Oakland, Hayward, San Leandro, Castro Valley, Fremont, Sunnyvale, San Mateo, and many much more places.

&#13
&#13
&#13
&#13
&#13

Summerlin Asset Management Launches Their New Real Estate Investment Strategy on Buying Real Estate Notes

Posted on by


Irvine, CA (PRWEB) April 23, 2013

In this market, many real estate investors are starting to look at note investments as a new opportunity to earn above market returns as the price of real estate continues to stabilize, according to Jim Stepanian of Summerlin Asset Management. Real estate note investing, is defined as the origination of new, or the purchase of existing real estate secured mortgages and/or trust deeds. Many investors use language such as Buy Notes or Note Investing because the terms of a mortgage are detailed in the promissory note. Today Summerlin Asset Management has a large supply of mortgage notes for sale as they continue to buy large pools at wholesale prices.

With SAM’s new investment strategy they explain the many similarities between investing in real estate and investing in notes, including evaluating the collateral, and working with title, escrow and insurance companies. The old adage of real estate, location, location, location also applies to notes, although it may be more appropriate to say, collateral, collateral, collateral. Value the underlying collateral of the purchasers note investment as if they will own the property. Jim Stepanian stated, we prefer to own the loan and not the home, because we enjoy great cash flow on performing notes without the headaches of owning the property.”

For more insight visit: http://www.realestatenoteinvestments.com

Summerlin Asset Management also has a large supply of non performing defaulted loans it is buying from banks. After the acquisition of the note, Summerlin has the following workout solutions:

Short Payoff

One of the most equitable options SAM has for a borrower is a short payoff. In this instance, SAM provides a 6 month option where the borrower can pay off their mortgage at a price below the market value of the property. This happens by way of a family member putting up the cash, private money financing, or using 401k proceeds (if available) to pay off the home. Here is an example:


Unpaid Balance = $ 300,000.00
Home Value = $ 200,000.00
Purchase Price of Note = $ 120,000.00

In this case, SAM would offer the borrower a payoff at $ 180,000.00. In addition, SAM will write off the remaining debt and relieve the borrower from the difference. Since SAM is still profitable, SAM does not 1099 the borrower for the difference, thus creating no tax liability for the borrower.

Short Sale

The most common of all workouts, SAM works with the borrower to list their home. During the short sale period, SAM allows the borrower to live in the home with no mortgage payments. By keeping the borrowers in the home, it ensures SAM that the house is being properly maintained while the short sale process continues. If the borrower has a 2nd lien, SAM will work diligently with the subordinate lien holder to reduce their balance and be paid through escrow. Upon closing, SAM will provide the borrower with financial assistance to relocate in a smooth and efficient timeframe.

For more information visit: http://www.mortgagenotesforsale.us

Loan Modification/Forbearance Agreement

In this case, the borrower fell behind for a variety of reasons; loss of income, health issues, career change, etc. The borrower has expressed the desire to stay in the home and demonstrated the financial ability to sustain the current mortgage payment. SAM creates a forbearance agreement that will take the total amount of payments owing and divide the sum by 12. SAM adds the 1/12 to the regular monthly payment. This will immediately help borrower to get back on track, increase SAM’s cash-on cash return, and reestablish the borrower as a seasoned performer. In the event that the borrower lapses on their forbearance payment, SAM reserves the right to initiate foreclosure.

Cash for Keys/Deed in Lieu of Foreclosure

This is an instance where borrower is emotionally disconnected with the home and is living in the home. SAM creates an opportunity where the borrower is released from all personal liability on the obligation and walk away with enough cash to relocate and establish a new life. SAM offers them an aggressive cash incentive to sign over the deed to the home. This scenario exists if the home only has a first position lien (that SAM purchased) and the balance of the loan is higher than the value of the home. After SAM comes to a formal agreement in writing, SAM performs a thorough inspection of the home to identify potential problems. SAM’s contract states that within their discovery process SAM will identify problematic situations, i.e. roof leak, SAM has the right to reduce their cash offer to the current owner. SAM’s team encourages the home owner to treat this as a business decision.

Principal Balance Reduction

In this scenario, the balance of the borrowers loan is 175 percent or greater than the value of the home. In this case, borrower wants to keep their home. However, the borrower realizes they will never recoup the negative equity that they are paying down.

SAM will structure a 12 month program to write down the balance of the borrower loan in exchange for 12 months of un-interrupted, on-time payments. Here is an example below:

Unpaid Balance = $ 300,000.00
Home Value = $ 200,000.00
Purchase Price of Note = $ 120,000.00
Monthly Principal and Interest Payment = $ 1,896.20

For more info: http://www.safestrealestateinvestment.com

SAM will give the borrower a $ 5000 per month balance reduction at the end of the 12th month assuming borrower has made 12 on time payments. The end result is SAM’s portfolio enjoys a cash-on-cash return of 18.96 percent on their $ 120,000 investment while the borrower has the benefit of reducing the balance of their loan by $ 60,000 by month 12. This gives the borrower hope that their house will become an asset in the near future. In addition, SAM now has the ability to sell a 12 month, seasoned, performing loan, upwards of 70 percent of the home value. In conclusion, their return on investment for 12 months is 35.62 percent.

Today, Summerlin Asset Management has contracts with national banks, regional banks, hedge funds, and loan servicing companies across the united states. Therefore, Summerlin has more supply of 1st Trust Deed mortgage notes than most of its competitors. If you would like more information contact: Shannon Derosby or Adam Pakes at (928) 854-7747 or please visit http://www.investinsam.com







Advanced e-Discovery Provider e-Logic Group Tranforms and Takes Real Estate Securitization Audit and Forensic Audit Analysis to the Next and Right Level

Posted on by


Miami, Florida (PRWEB) July 07, 2012

As more companies offer Bloomberg Terminal Training to sprouting audit report companies, miss the requirement and necessity of a qualified report and as a result, purchasers of a securitization audit report spend thousands on worthless paper. “e-Logic’s sister company Anthony Martinez & Associates(“AMA”) has provided Legal Process Outsourcing (“LPO”) Services in loan level litigation since 2008 and we’ve been identifying fraud-securitization in draft pleadings and memorandums for attorneys since then” says Anthony Martinez, President and Chief Executive Officer of e-Logic Group, Inc.

Mr. Martinez has provided advanced discovery services and consulting for over 16 years. As a Discovery Expert, Consultant and Strategist, Mr. Martinez is fluent in finding the “smoking gun”. “Move past simple certification in a research tool like Bloomberg where you pay a couple of thousand a month for terminal access to find the trust information. You have these securitization reports stating information too loosely like lender, originator, sponsor, depositor, issuing entity, underwriter etc. without fully analyzing each of their roles. Did the securitization documents exist before the subject loan was consummated? If so, did the Sponsor provide a warehouse line of credit to the originating parties and if so, did the funds transfer to the Originator directly from the Sponsor or did the funds transfer directly from the funding source to the Seller? These are all important questions when the loan docs identify a lender who never lent anything and the real Lender/Creditor remained undisclosed. This is discovery at its best. Why would anyone rely on a report that provided anything less? Audit companies provide an injustice when they provide a report with charts and graphs that say a loan was in the trust and ABC Mortgage Company was the lender without knowing for certain the lender actually lent the money.”

Moving past the days of traditional discovery wherein war rooms were created by law firms and filled with temp attorneys to shift through boxes and boxes of documents to determine responsive versus non-responsive documents, e-Logic Group has incorporated e-discovery platform automated analytics into its securitization analysis to find critical information within SEC filed documents coupled with “tagging and flagging”, a term commonly used when important and critical information is found. “Now that you’ve found the critical information what do you do with it? Attorneys want to know the above lender/creditor issues coincides with violations of Mortgage Fraud and Consumer Protection and Deceptive Practices Acts. They want insight into relevant cases specific to their state and federal district courts” says Martinez. Securitization reports commonly contain fluff about MERS and inaccurate legal conclusions instead of 100% factual information an attorney can use. Those who provide the report normally do not provide a Curriculum Vitae (“CV”) showing their qualifications, background and experience that qualifies their opinion. Most would not fit the expert witness criteria leaving most securitization reports useless.

Well past the days of foreclosure defense, Mr. Martinez now brings his extensive knowledge and experience as a Discovery Expert, Consultant and Strategist to the Webinar and Seminar Circuit to pass on critical information to attorneys across the United States. “If I wanted to stop a Warlord from genocide in Africa and confronted him by myself he’d kill me and would most certainly make an example out of me. But, if I went over there with an army of 200,000 soldiers I’m sure the outcome would be different. I know that may seem a bit extreme but so is children losing their bedrooms and the safe sense of security they gain growing up in a home. Neither the fraudclosers nor the courts recognize the damage done to a child who loses their sense of security when they lose their home. All attorneys and their clients want is judgment on the merits. There are over 90,000 licensed attorney’s in the state of Florida alone. I’m confident I have a knowledge base that can effect change, will provide attorney’s with a successful tool box that not only uses e-Logic’s Advanced Securitization Audit and Forensic Audit Analysis’ but also provides a way to level the playing field to make it business smart for them to engage.”

To learn more about e-Logic download their most current White Paper here.

About e-Logic Group, Inc. – e-Logic is one of the most advanced e-Discovery Providers in the industry today that uses state of the art technology that incorporates intelligent algorithms and analytics to automate information processing. e-Logic is now a provider of high end Advanced Securitization Audit and Forensic Audit Analysis Reports for attorneys engaged in loan level litigation involving fraud.

About Anthony Martinez – Mr. Martinez is a top Discovery Expert, Consultant and Strategist in the industry today with over 16 years of experience in complex litigation discovery and e-discovery matters. A veteran of the gulf war, Mr. Martinez is currently the President and CEO of e-Logic Group, Inc., Executive Director of Anthony Martinez & Associates, a leading LPO Service Provider and is the Author of Discovery Tactics, a leading Weblog that discusses real property litigation matters, case law and other topics.







More Securitization Audit Press Releases

Top “Main Street” Mortgage and Real Estate Scams Exposed in New eBook by D. Lance Roberts

Posted on by


New York, NY (PRWEB) September 06, 2012

Mortgage and Real Estate Fraud is at an all time high. In 2008 The United States economy nearly collapsed. It’s no secret that the greed and corruption mitigated by Big Banks and Wall Street decimated the U.S. Real Estate Market and almost completely destroyed the economy. Most have heard of the various deceptive practices Wall Street used to defraud millions. The manipulation of CDO’s was a primary method of deception, credit default swaps were another.

Homeowners throughout the United States were enraged over this; millions are still being kicked out of their homes due to foreclosure. On the other hand, trillions of dollars went into the pockets of these crooks on Wall Street and for the most part many, to this day, have not been held accountable for their actions.

This corruption on Wall Street has been well documented. However, much less attention has been paid to the actions of those on Main Street. Main Street consists of Real Estate Agents, Mortgage Brokers, Loan Officers, Loan Processors, Title Companies, Loan Modification Companies, Real Estate Appraisers, and others, all operating in a neighborhood near you.

The Top “Main Street” Mortgage and Real Estate Scams of the 21st Century exposes the fraud and scams used by these Main Street players. Anything goes in this world of falsified documentation, identity theft, lying on mortgage applications, bank and wire fraud, embezzlement, and coercion.

Paid too much for your home? – Real Estate Agents. Refinanced your home and got robbed at the closing? – Mortgage Brokers, Loan Officers. Mortgage Loan Application exaggerated your income? – Loan Processors. Refinanced your mortgage and found out that it was never paid off? – Title Companies. Paid someone to represent you to negotiate a restructured mortgage, and you are still in foreclosure? – Loan Modification Companies. Way upside in your home due to inflated values? – Real Estate Appraisers.

One of the most amazing things about these scams is the fact that in most cases multiple players have to be involved to pull it off.

For example, In this scenario a homeowner with very little equity unable to sell his home is approached by a Realtor offering to represent this seller. As the Seller Agent he guarantees that he can sell the home; under certain “conditions.

THE PLAYERS

1) The Homeowner-Agrees to the scam

2) The Seller Agent-Originator of the scheme

3) The Buyer Agent-Brought in by the Seller Agent to make the transaction look legitimate

4) The Loan Officer-Provides the identity of the Straw Buyer

5) The Loan Processor-Submits the fraudulent mortgage application

6) The Appraiser-Inflates the value of the property

7) The Title Company-Conducts the fraudulent closing

In this scam, the Homeowner agrees to let the Real Estate Agent represent him because the sale is guaranteed, for a price (kickback). The Seller Agent contacts an Appraiser who will inflate the actual value of the property (for a fee of course). The Seller Agent pulls in his friend the Buyer Agent, to represent the buyer. There really is no buyer. From his rolodex, or the rolodex of his friend, the Loan Officer, emerges the “loan applicant” (stolen identity). This applicant has no intent to occupy the property; this person is totally unaware that they are in the process of applying for a mortgage. The loan application is submitted by the Loan Processor. The Title Company conducts the closing; the buyer is not present. How could he be? Once the deal closes the Real Estate Agents split the commission, the additional money now available due to the inflated property value is divided between the remaining participants. Incredible, but true.

About the Author

After witnessing this excessive fraud, greed and corruption in his 10 years experience in the industry, D. Lance Roberts decided to write this expos