Posted on 07-04-10, under Tips for investing. Comments (10)
The concept of mobile home loans is relatively new. These are generally manufactured in factories and various modules are then assembled permanently at the target location. Setting up a mobile home does not take time. Banks and other major financial institutions have various plans and custom schemes for the mobile home loans. Borrowers can get to benefit from the mobile home loans and start to sport a home within no time at all.
Some of the smart tips for availing mobile home loans include:
• The cost of procurement and manufacturing is low for such reality solutions. Mobile home loans are generally cheaper when compared to conventional reality solutions.
• Mobile home loans can be pledged against secured mortgages for even better interest rates. Longer payment tenures can make life easier for the borrowers too. Credit can be managed in a lot better way while liquidity isn’t wiped off either.
• Mobile home loans solutions are specialized financial product in the market. Many new financial institutions are interested in this product and are on their way for formulating new strategies. Newer vendors are slated to provide discounts and offers to capture the competitive market.
Onus of selecting right mobile home loans solution lies onto the borrower. As a thumb rule reliable vendors with positive track record should be selected for partnering with. This can help one and all in availing best breed services even in the adverse times. Mobile home loans can enable anyone to custom make and own their Atlanta house in shorter span of time. Substantial mobile home loans solutions can even offset owners to manage the interiors of the house with the loan amount.
At the end of the day, borrower gets a fully furnished home, cheaper EMI plans and best breed services from the realtor. Mobile home loans have enabled several owners in realizing dream of owning a best in breed property. So if you have been interested in owning a mobile home solution get set going and realize it with the help of mobile home loans solutions in just about no time at all in a smarter manner.
Posted on 01-04-10, under Tips for investing. Comments (8)
Land contracts are most common either for buyers who would not qualify for a normal mortgage or for purchases made for investment purposes. In the United States, different states have different regulations and restrictions on land contracts. Land contracts can be used on everything from purchasing residential homes to commercial properties. A land contract may also be referred to as a contract for deed, deed of trust, privately held mortgage, or installment land contract
Terms can be very flexible, but they usually call for a down payment followed by regular monthly payments. The parties involved can also agree to a balloon payment to take care of the remainder at the end of the contract. Land contract buyers also need to be aware of pitfalls. If there’s a mortgage on the property, the buyer could lose the home and all the equity if the seller defaults on the mortgage. Land contract are also known as installment sale agreement, which the buyer pays “rent” (which is actually a mortgage, the “rent” acting as interest on the loan) to the seller each month, with a portion of that money going towards an interest in the property. When all payments are made then title or ownership is transferred to the buyer.
Land contracts are typically for a 3-5 year period and as stated above typically contain a balloon payment at the end of the contract term. The buyer then pays to the seller a predetermined monthly payment amount that is usually the equivalent of a principal and interest payment of a standard mortgage. Land Contracts with the Power of Sale clause can be foreclosed non-judicially by the Trustee of the Land Contract, just like the typical deed of trust. Without this important safeguard of having title insurance land contracts would have little practical value
Land contract got a little bit of a bad rap lately, with sellers selling houses on land contract that were already heavily mortgaged. Sellers then defaulted on their underlying mortgages while still collecting payments from their buyers. The opposite is sometimes true though, where the buyer stops making payments. In this case sellers want the buyer to move out of the property and also to forfeit all of the moneys paid to the date of the default. Buyers are prepared to move out, but do not want to forfeit any of their moneys, so again it is prudent to read the terms of the contract.
Land contract foreclosure is generally a more complicated and lengthy remedy to regain possession of the property than forfeiture. A significant difference; between forfeiture and foreclosure is that in a forfeiture a buyer may prevent the loss of the property by merely paying past due installments (back property taxes, liens, etc.), while in foreclose the buyer may be required to pay the entire balance due under the land contract.
Posted on 17-03-10, under Popular Atlanta Areas. Comments (12)
Atlanta is consistently ranked as one of the best places to do business in the U.S., and more than 750 of Fortune’s Top 1,000 businesses have offices there. The Atlanta airport (Hartsfield) is usually ranked as the world’s busiest, and its airport code, ATL, has become the city’s nickname among locals.
Downtown is also home to Atlanta’s professional sports, including Atlanta Hawks basketball and Thrashers hockey, which can both be experienced at the Philips Arena. The downtown skyline is dominated by major hotels and office buildings including the headquarters of The Coca-Cola Co. Downtown/Midtown and major shopping districts such as Buckhead can also get crowded on weekends. Most restaurants and shops in the area offer complimentary or low-cost valet services ($1-3 tip expected) and on the rare occasion where parking is scarce, public lots are usually found nearby for a fee.
Midtown is the heart of the arts with the High Museum, Alliance Theatre and Fox Theatre, plus dining and nightlife that’s all the rage. Midtown Atlanta has all these things–and much more. Midtown contains Piedmont Park which hosts many festivals and cultural events. Little Five Points is known for its eclectic shops and merchandise, and its range of cultural people who line the street. Midtown is known by many residents as the “Heart of the Arts”. The High is currently collaborating with the Louvre to house a temporary collection of masterpieces from the famous Paris museum.
Midtown is on the way to becoming a walking neighborhood but with the amount of newly constructed hi-rise buildings that are so similar to one another it is becoming more difficult to gain instant equity. It is suggested that if you buy in Midtown you better hold onto that property for at least 5 years until the building of new condo hi-rises slow down.
East Cobb is a vibrant residential and commercial community. The communities within East Cobb are affluent and the residents are well educated. East Atlanta is one of in-town’s hottest real estate markets and was called “the best kept secret in Atlanta.” Featuring Victorians, craftsman’s, post-war homes, and new construction, it is only about three miles from Downtown Atlanta (on 1-20).
Decatur was incorporated in 1822, making this the oldest city in DeKalb County. Older brick homes, smaller bungalows and cottage homes are abundant types of Real Estate available in the Decatur area. Decatur has been one of metro Atlanta’s most popular cities for years, appealing to both traditional families and bohemian singles, and it’s easy to see why. Downtown Decatur is surrounded by beautiful, historic neighborhoods reflecting a variety of architectural styles. The tree-lined streets, strong sense of community and nationally recognized public school system continue to draw young families to this part of the city.
On the downside, Atlanta and Georgia continue to rank amongst the worst cities and states with foreclosure problems. Decades of neighborhood revitalization has been washed away with the events of the past year. Atlanta is now experiencing exponential growth as new residents flock from sprawling suburbs to urban properties in midtown Atlanta which is a sign of hope, but recovery will take some time.