http://www.simonvolkov.com/articles/ Real Estate Note Investor | Note Promissory en Copyright 2009 Tue, 10 Nov 2009 02:21:00 -0800 http://www.sixapart.com/movabletype/ http://blogs.law.harvard.edu/tech/rss SimonVolkovcomArticleshttp://feedburner.google.com mortgage note is used when individuals purchase real estate by obtaining a loan through a lender. Mortgage notes contain information regarding the real estate transaction such as principal sum, interest rate, length of the note, monthly payment amount, prepayment penalties and stipulations of how the property is to be used; e.g.; primary residence or rental property. A mortgage note can be sold to mortgage buyers in exchange for a lump sum cash payment. Multiple reasons exist to sell mortgage notes. The most common is to obtain quick cash to get out of debt, college tuition, or use funds for real estate or financial investments. ]]> http://feedproxy.google.com/~r/SimonVolkovcomArticles/~3/4a4Iv2cZNGE/mortgage-note.html http://www.simonvolkov.com/articles/2009/11/mortgage-note.html Real Estate Investing BPO Cash Flow Deed of Trust Home Mortgage Investors Mortgage Note Promissory Notes Properties Tue, 10 Nov 2009 02:21:00 -0800 http://www.simonvolkov.com/articles/2009/11/mortgage-note.html 'estate' refers to items owned by individuals who have died. An estate can consist of the decedent's home, car, personal belongings and valuable assets such as jewelry or collectable artwork. When a person dies their estate must be settled through a process known as probate. The exception is when decedents establish a trust. Many types of trusts exist. Each has advantages and disadvantages. Trusts are generally reserved for estates valued over $100,000; however, strategies exist for smaller estates to avoid probate. ]]> http://feedproxy.google.com/~r/SimonVolkovcomArticles/~3/v7E23RpJirY/estate.html http://www.simonvolkov.com/articles/2009/11/estate.html Probate Cash for inheritance Estate Estate Article Library Estate Planning Heirs Last Will and Testament Probate Probate Lawyers Probate Process Sat, 07 Nov 2009 02:54:47 -0800 http://www.simonvolkov.com/articles/2009/11/estate.html Wills probate refers to a legal last will and testament executed by a person who had died. During probate, the last will must be validated and the estate settled before inheritance assets can be distributed to designated heirs. An estate administrator is appointed in wills probate. This individual can be a spouse, family member, friend, attorney, estate planner or financial expert that specializes in handling probate cases. ]]> http://feedproxy.google.com/~r/SimonVolkovcomArticles/~3/7OuP1N1o5bQ/wills-probate.html http://www.simonvolkov.com/articles/2009/11/wills-probate.html Probate Avoid Probate Estate Planning Heirs Probate Probate Attorney Probate Liquidator Probate Personal Representatives Probate Process Wills Probate Wed, 04 Nov 2009 01:22:26 -0800 http://www.simonvolkov.com/articles/2009/11/wills-probate.html warranty deed used with real estate transfers guarantees the property has a clean title with no liens attached. Liens are used when borrowers default on creditor loans, owe taxes to the Internal Revenue Service, or have outstanding child support or alimony payments. There are two types of real estate warranty deeds - General or Limited. A general warranty deed guarantees the seller owns the real estate and has authority to sell it. General warranty deeds protect the buyer if the seller engages in non-disclosure. This might include not reporting creditor or tax liens or judgments not reported by the seller. ]]> http://feedproxy.google.com/~r/SimonVolkovcomArticles/~3/1Hb489uds5w/warranty-deed.html http://www.simonvolkov.com/articles/2009/10/warranty-deed.html Real Estate Investing Real Estate Real Estate Investing Subject 2 Subject to Warranty Deed Warranty Deed Article We Buy Houses Fri, 30 Oct 2009 01:36:17 -0800 http://www.simonvolkov.com/articles/2009/10/warranty-deed.html unclaimed money sitting somewhere? There's a very real possibility that you do. An unknown safe deposit box or life insurance policy could be sitting somewhere just waiting for you to claim it. The question is how do you find it? - Sadly, there is no central unclaimed money database. You will have to engage in some detective work to locate potential funds. The good news is modern technology has made the task a little easier. ]]> http://feedproxy.google.com/~r/SimonVolkovcomArticles/~3/Yq2ssyMl3cQ/unclaimed-money.html http://www.simonvolkov.com/articles/2009/10/unclaimed-money.html Inheritance Heir Investment Article Library Investments Unclaimed Money Tue, 27 Oct 2009 02:02:49 -0800 http://www.simonvolkov.com/articles/2009/10/unclaimed-money.html Trust refers to a vault which holds valuable assets, along with a person's Last Will and Testament. People use trusts to transfer inheritance assets upon their death. When a trust is used, inheritance assets do not have to pass through probate and generally are exempt from taxation. Many people believe establishing a trust is complicated. While this can be true for exceptionally wealthy people, many types of trusts exist which are simple to establish. Some of the most common include living, revocable, irrevocable, testamentary, and irrevocable life insurance trusts. ]]> http://feedproxy.google.com/~r/SimonVolkovcomArticles/~3/5K45SCLRS3I/trust.html http://www.simonvolkov.com/articles/2009/10/trust.html Real Estate Investing Beneficiaries Estate Estate Planning Estate Planning Attorney Last Will and Testament Probate Real Estate Trust Sat, 24 Oct 2009 02:34:01 -0800 http://www.simonvolkov.com/articles/2009/10/trust.html Seller carry back trust deeds are used when property owners provide financing to sellers. Also known as seller carry back financing, trust deeds secure the property until private financing has been repaid. Sellers can elect to carry all or a portion of real estate financing. This technique is often used when buyers are unable to obtain financing through a traditional lending source. Three parties are involved when seller carry back trust deeds are used. These include the Trustor, Beneficiary and Trustee. The property owner or seller is referred to as the Trustor. The individual or entity that receives income from the mortgage note is referred to as the Beneficiary. Beneficiaries can be a private party or a lending institution such as a bank or credit union. The person who holds legal title to the real estate is referred to as the Trustee. Depending on the circumstances, the Trustor can also be the Trustee and Beneficiary. ]]> http://feedproxy.google.com/~r/SimonVolkovcomArticles/~3/iwjXlT0p5mA/seller-carry-back-trust-deeds.html http://www.simonvolkov.com/articles/2009/10/seller-carry-back-trust-deeds.html Real Estate Investing Home Mortgage Promissory Note Real Estate Investing Article Library Seller Carry Back Seller Carry Back Trust Deeds Seller Carry Back Trust Mortgages We Buy Houses Wed, 21 Oct 2009 01:16:36 -0800 http://www.simonvolkov.com/articles/2009/10/seller-carry-back-trust-deeds.html FSBO for many reasons. One of the most common is to avoid paying realtor commissions. The average realty commission is 6-percent of the sale price. By eliminating the fee, sellers can reduce the asking price of their property. Closing fees are still associated with FSBO properties. These can include surveys, appraisals, inspections, homeowners insurance, property taxes, and bank fees. Sellers should review their mortgage note to determine if prepayment penalties are imposed. ]]> http://feedproxy.google.com/~r/SimonVolkovcomArticles/~3/GGKkHsWgKs0/fsbo.html http://www.simonvolkov.com/articles/2009/10/fsbo.html Real Estate Investing Distressed Properties For Sale By Owner Real Estate FSBO Home Mortgage Short Sale We Buy Houses Sat, 17 Oct 2009 02:38:35 -0800 http://www.simonvolkov.com/articles/2009/10/fsbo.html Estate administrator refers to a person appointed to manage the estate of a person who has died. Administrators are generally family members, a professional estate planner or probate attorney. When a family member is appointed to this position, they typically require assistance from a professional to ensure legal documents are properly filed through probate court. An estate administrator has multiple duties. It is important to appoint someone capable of handing financial matters and able to make difficult decisions under stress. Administrators must be at least 18 years of age and never convicted of a felony. It is best to appoint an estate executor who resides in the same state as the decedent. However, this is not a necessary requirement. ]]> http://feedproxy.google.com/~r/SimonVolkovcomArticles/~3/1tf4phSAorQ/estate-administrator.html http://www.simonvolkov.com/articles/2009/10/estate-administrator.html Probate Estate Administrator Estate Planning Estate Planning Articles Last Will and Testament Probate Probate Court Probate Executor Probate Law Probated Simon Volkov Trust Wed, 14 Oct 2009 02:07:03 -0800 http://www.simonvolkov.com/articles/2009/10/estate-administrator.html 'Decedents' is a term used in legal documents to reference persons who have died. It is most commonly used in last wills, revocable trusts and irrevocable life insurance trusts. Wills and trusts are used to bequeath inheritance assets to beneficiaries. Decedents can give their personal belongings, financial assets and real estate holdings to whomever they wish. Most individuals gift assets to their spouse, children or direct lineage relatives such as sisters, brothers, mother, father, nieces and nephews. ]]> http://feedproxy.google.com/~r/SimonVolkovcomArticles/~3/qehu32kUX68/decedents.html http://www.simonvolkov.com/articles/2009/10/decedents.html Probate Avoid Probate Cash for Inheritance Decedents Estate Planning Heirs Last Will and Testament Probate Probate Process Sat, 10 Oct 2009 02:01:05 -0800 http://www.simonvolkov.com/articles/2009/10/decedents.html Debt problems are affecting more Americans today than ever before. The financial crisis of Wall Street left many people with worthless financial portfolios, while the unemployment crisis has drained many saving accounts. Add in wasteful spending habits and you have a recipe for financial disaster. Many options exist to eliminate debt problems, but it takes patience and commitment to get out of debt. Individuals with mounting debts must take a hard look at spending habits to determine where their money is being spent. ]]> http://feedproxy.google.com/~r/SimonVolkovcomArticles/~3/ZADBn2-GRG4/debt-problems.html http://www.simonvolkov.com/articles/2009/10/debt-problems.html Debt Bankruptcy Budgeting Chapter 13 Bankruptcy Credit Counseling Debt Consolidation Debt Problems Debt Problems Article Library Debt Settlement Fail Out Of Bankruptcy Simon Volkov Wed, 07 Oct 2009 02:14:16 -0800 http://www.simonvolkov.com/articles/2009/10/debt-problems.html Probate litigation refers to obtaining legal assistance to resolve conflict surrounding inheritance assets. Heirs or beneficiaries must retain the services of a probate attorney in order to contest the decedent's last will. Probate litigation is oftentimes required when decedents die intestate (without a Will). Probate litigation can prolong the probate process for months or years. I know a woman whose stepfather passed away without executing a Will. Although single at the time of his death, four of his six ex-wives came forward to lay claim to his estate. ]]> http://feedproxy.google.com/~r/SimonVolkovcomArticles/~3/eGYd-T8EdE0/probate-litigation.html http://www.simonvolkov.com/articles/2009/10/probate-litigation.html Probate Estate Planning Inheritance Property Probate Probate Article Library Probate Litigation Probate Process Trust Will Sun, 04 Oct 2009 01:30:15 -0800 http://www.simonvolkov.com/articles/2009/10/probate-litigation.html Mortgage forbearance is a financing option available to qualified borrowers who become delinquent on their home mortgage loan. Lenders enter into forbearance agreements to help homeowners avoid foreclosure. The only "catch" is borrowers must provide evidence they possess the financial means to cure mortgage arrearages and remain current on future mortgage payments. Once a mortgage forbearance agreement is in place, lenders cannot proceed with foreclosure action unless borrowers default on their repayment plan. In most cases, borrowers work with their lender's loss mitigation department to obtain approval for extending mortgage payments ]]> http://feedproxy.google.com/~r/SimonVolkovcomArticles/~3/xbt1EoKh4Eo/mortgage-forbearance.html http://www.simonvolkov.com/articles/2009/10/mortgage-forbearance.html Foreclosures Bank Loss Mitigator Foreclosure Mortgage Forbearance Mortgage Refinancing Real Estate Article Library Refinance Mortgages Simon Volkov We Buy Houses Thu, 01 Oct 2009 02:45:53 -0800 http://www.simonvolkov.com/articles/2009/10/mortgage-forbearance.html foreclosure home it is important to understand the pros and cons of this type of real estate transaction. While you might be lucky enough to find a foreclosed house in perfect condition, chances are high you will need to engage in physical labor to get the property back in good condition. Before beginning your quest for the perfect foreclosure home, it is a good idea to apply for pre-qualified home mortgage financing. Doing so ensures you are qualified to buy the property and provides extra bargaining leverage when it comes time to make an offer. ]]> http://feedproxy.google.com/~r/SimonVolkovcomArticles/~3/WkOrrGPlFMs/foreclosure-home.html http://www.simonvolkov.com/articles/2009/09/foreclosure-home.html Foreclosures Foreclosed Homes Foreclosure Home Foreclosure Property Foreclosure Real Estate Home Mortgage Real Estate Investing REO Simon Volkov Mon, 28 Sep 2009 09:25:25 -0800 http://www.simonvolkov.com/articles/2009/09/foreclosure-home.html debt solutions. They are tired of being stressed out by mounting debt and exorbitant interest rates. Millions of Americans require immediate debt help in order avoid foreclosure or bankruptcy. Several debt solutions exist including: budgeting, debt consolidation, debt management, debt settlement, credit counseling and bankruptcy. Each option carries its own set of pros and cons. Not all options are available to everyone. Some require debtors to meet specific criteria, while others charge fees for services rendered. ]]> http://feedproxy.google.com/~r/SimonVolkovcomArticles/~3/BAxN7moq-as/debt-solutions.html http://www.simonvolkov.com/articles/2009/09/debt-solutions.html Debt Bankruptcy Budgeting Cash for Notes Credit Counseling Debt Consolidation Debt Settlement Debt Solutions Finance Foreclosure Pay Off Credit Cards Sat, 26 Sep 2009 02:45:37 -0800 http://www.simonvolkov.com/articles/2009/09/debt-solutions.html