How To Figure Out Mortgage Payments Without a Mortgage Calculator

November 19, 2008 – 8:33 pm

In today ’s world, taking out a mortgage is necessary for anyone who wants to invest in real estate or simply wants to put a roof over his head. Usually, to find out what a mortgage payment will be on a particular property, a potential buyer needs to contact a Realtor or bank to get a quote.

By contacting either one, the buyer risks harassment from a Realtor who won’t let go of a qualified buyer, or a lender who needs to lend mortgage money to stay in business. Any buyer in his right mind will only go to one of these salespeople when he is ready to go full speed ahead toward a closing.

So, what does a person who is in the early thinking stages of buying a home do? How do you know what the payment will be on a house a seller is asking $250,000 for when the bank is advertising 30-year mortgages at 7%?

By the end of this article you will be making such a calculation in your head. You will be sprouting out the answer to complicated home buying scenarios just as fast as you can find the terms on the mortgage and the price on the house.

$66.53 a Month

First, remember this: $10,000 borrowed for 30 years at 7% will require a monthly payment of $66.53. So, it stands to reason $100,000 for 30 years at 7% requires a monthly payment of $665.30. Also take note you could figure out on a piece of paper with a pencil, $50,000 for 30 years at 7% is $332.65.

Knowing these figures, you automatically know a $250,000 mortgage at 7% for 30 years will require a payment of $665.30 (for $100,000) and another $665.30 (for the next $100,000) and $332.65 (for $50,000). This means the payment will be $1,663.25, or really, really close. A mortgage calculator gives the answer as $1,663.26, but for a wild guess, I’ll take it.

A 6% or an 8% Mortgage

Of course, here you ask, “What if I find a mortgage with a lower interest rate?” Well in that case, remember this, $10,000 borrowed for 30 years at 6% costs the borrower $59.96 a month. This means a $1,000,000 mortgage for 30 years at 6% will be 100 times $59.96 or, a monthly payment of $5,996.00. Now, certainly that was easy. All we had to do was add 2 zeros!

Okay, what about if the interest rate is 8%? Here, a 30-year mortgage for $10,000 is $73.38 each month. So a $300,000 mortgage will come at a cost of 30 times that or, $2,201.40 a month.

How About a 71/4% Mortgage?

In reality, most times interest rates will not be exactly 6 or 7, or 8%. Even when this is the case, you still don’t need a mortgage calculator. If you read about a 30-year $260,000 mortgage at 71/4%, for instance, and you want to know what the monthly payment will be, here ’s what you do. Are you ready? Guess!

That ’s right! Just guess! You know 7% will cost you $66.53 per $10,000 a month and 8% will cost $73.38 per $10,000 a month. You also know 71/4 is somewhere on the lower side between 7 and 8 so take a guess how much 71/4% will cost per $10,000 a month. My guess would be maybe, $68.50?

I’ll go with that. So, since it is a $260,000 mortgage we’re trying to figure the payment for, we will multiply 26 (260,000 / 10,000) X $68.50. The answer is: $1,781.

When I run $260,000 at 71/4% for 30 years through a mortgage payment calculator the answer comes out $1,773.66. So, our answer wasn’t precisely right, but it was pretty close.

In a case like this, even if we came out with an answer that is $20-$30 off, who cares? Before the real mortgage payment is determined, the cost of a homeowner ’s insurance policy and property taxes will have to be calculated anyway. So, the best anybody can do at this point is guess.

There you have it. Now, you’re a human calculator! As long as you’re only concerned with 30-year mortgages, and today ’s going interest rates, which are 6% to 8%, you can figure out mortgage payments in your head, or maybe with just a little help from a pocket calculator.

I can sell your mortgage note

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By sgriecci | Posted in Real Estate, financial-planning | Tagged , , , , , , , , , , , , , , , , , , | Comments (0)

Most Often Asked Questions About Selling A Mortgage Note

November 12, 2008 – 8:42 pm

Mortgage note buyers exist to help you create, sell and understand your mortgage notes, contracts for deeds, trust deeds, and promissory note

both residential and commercial.

Below you will find 5 frequently asked question about selling your mortgage note.

5 frequently asked questions, that most note sellers have about selling their owner-financed mortgage note are:

1. How much cash can I get? There are many factors in determining the offer price for selling a mortgage note The main four are equity, seasoning, interest rate, and credit of payer.

The more of these you have in your favor the larger lump sum you will get. This is why many mortgage note buyers offer a free no obligation quote.

If you look through some of the questions there, you’ll see that they are simple and only take a few minutes to fill out.

These type of questionnaires are designed to keep you from having to dream about how much money you will get. The coolest part about it is, if nothing else, you know how much money you could receive if you wanted it.

2. How do I sell my note? Selling your note is easy. The first step is finding and contacting a mortgage note buyer or contract buyer and simply telling them that you want to sell your note.

This initial contact could be by phone, email, or through filling out a free mortgage note quote form. More than likely, if you are reading this, then you are at a site that can help you get a cash offer for your note.

If not, then there is a link to a good website and company above, that can give you a “No hassle, No obligation” quote.

Once you give the contract buyer some required information, they will be able to get back to you, usually within 24-48 hours, with an offer.

3. How long does the process take once I decide to move forward? After you have given the mortgage note buyer the required information, either by calling, email, or filling out an online form, they will get back to you in 24-48 hours.

Usually, it only takes 2-3 weeks to complete the deal and have a huge certified check deposited, or wired to your bank account.

4. When I convert my note to cash, how will it affect the person(s) paying me? Not at all. The terms, payment, and amount owed stay the same.

This is a really neat thing about selling your mortgage note. You can get a large sum of cash and it doesn’t affect the person(s) paying you. Sounds like a “win-win-win” situation to me.

5. Where would the closing take place? Usually, at the closest title company near you. Sometimes it takes place in the town or city in which the property is located…which brings up another question.

Do you have to be there for the close? Nope, not generally. The person handling the title and closing the deal can send you the closing package. This is all done to make it as convenient and as easy for you as possible.

As you can see, getting a large sum of cash now for your future mortgage payment is an easy process that can put a lot of money into your pocket for a vacation, to consolidate bills, and buy or enjoy any other necessities or pleasures.

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By sgriecci | Posted in Real Estate, financial-planning | Tagged , , , , , , , , , , , , , , , , , , , , , | Comments (0)

Mortgage Note Questions - How To Sell Your Mortgage Note

November 12, 2008 – 5:48 am

When it comes to selling real estate, one of the biggest obstacles  sellers face is a so-called “depressed” market. Even when a property  is highly desirable, it can be hard to get the price you want in  this real estate environment. You could end up losing a lot of time,  money, and opportunities, waiting for a “perfect buyer” who may  NEVER materialize!
The traditional solution is to drop your asking price. But this  common strategy doesn’t always work in your favor. In fact, it can  work against you, making your home seem undesirable and your  position seem weak.

But there IS a way to turn this challenge into a profitable  opportunity!  I am not selling anything. I am in the business of paying cash for  mortgage notes and trust deeds.

Keep in mind that it has to make financial sense. Although having regular income is a nice idea, there comes a time when you might need a lump sum of cash for an investment, a large purchase or just to pay.

A cash flow notes statement documents the amount of incoming and outgoing cash and its equivalents. Only cash sales are recorded in a cash flow statement – all future sales including those made on credit are not declared.

 Most banks refuse to accept a short sale or modify the terms of a mortgage unless the owners are numerous months behind in payments. The homeowners come to the bank to ask for help to avoid foreclosure. Individuals sell structured settlements to get liquid cash. They can be sold to special financial institutions. The main advantage of selling structured settlements.

In situations where you are holding the sell mortgage notes and receiving payments from the sale of commercial and residential real estate, and you are want to cash in on those payments, there are service agents who provide help. This technique has been the key in making up an estimated 20% of all private note sales.

Right now, thousands of people across North America are stuck with investments that they don’t want. They would rather have the cash now! Whether it’s a real estate note created when selling a property, a business note created when selling a business or even a structured settlement, there are thousands of notes out there that could be turned into cash!

Get cash now and forget those monthly payments FOREVER! We work with buyers who are ready to pay top dollar for your notes. If you have a trust deed, a mortgage note or any private loan, it’s time to find out exactly how much CASH you could be entitled to.

    * It’s Quick: Learn how to cash out in minutes
    * It’s Easy: You could have cash in just days
    * It’s Secure: Get real quotes directly from certified buyers

There has never been an easier or faster way to cash out of your investment. Whether you need money to pay bills… to buy a home… to fund an education… or even if you just need some spending cash… We’ll show you the money for your mortgage note or trust deed!

http://www.smilingdogenterprises.com
getcashnow@smilingdogenterprises.com

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By ftebeau | Posted in Real Estate, financial-planning | Tagged , , , , , , , , , , , , , , , | Comments (0)

Financial Planning How To Sell Your Mortgage Note For Cash Now

November 6, 2008 – 9:36 pm

Many people that sell their home or property choose to sell it themselves as opposed to going through a real estate agency, bank or lending institution. There are different reasons why they may choose to do this. They may be selling it to a friend or relative and want to avoid or eliminate the middle man or the buyer may not be able to obtain conventional bank funding. Another reason may be to avoid having to pay commission to a real estate agent for selling your property. If you’re selling your property for a large sum of money, the commission the real estate agency will earn can be quite substantial. When you are the seller that holds the trust deed on the property sold, things can go smoothly or problems may arise.

If you are not in instant need of the proceeds from the sale, being the “lender” may work out great for you. Many people, however, discover after a certain amount of time that they want to invest in property and need the money. If this is the case, the first question you may ask yourself is, “How do I sell my trust deed?” This is actually something you should consider at the time you sell your property. You may think that acting as a lender will be simple and quick for you and the buyer, but you may want to learn all you can about this procedure before you make a commitment.

If the buyer is having difficulties making the payments, you may tire quickly of being the “bad guy” demanding payments or collecting late fines. If I was considering selling and holding the trust deed for my property, I would research how to sell my trust deed before I signed any legal binding contract. Even though I may not ever need to sell my trust deed, I’d still want to get all the information I needed ahead of time. We can help you learn the best way to sell my trust deed at NO cost to you. An attorney can also give me information if I want to sell my trust deed and what steps need to be taken.

We will not only buy your trust deed, but often we will buy just part of it. You may want to go on a vacation, make an investment or just have extra cash available and not want to sell the entire trust deed. 

Click here to email us  Our complete BLOG List a Note on our site

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By ftebeau | Posted in Real Estate, financial-planning | Comments (0)

Get Cash Now For Your Structured Settlement or Mortgage Note

November 5, 2008 – 6:19 pm

Structured settlements are financial packages or financial agreements permitting a settlement to be paid through an annuity via regularly scheduled installments either for a fixed period or for the lifetime of the claimant. Because it is tailor-made for individual cases, the structured settlement may also include some immediate payment to cover special requirements.

The payments are typically funded by annuities, reinsurance, or occasionally U.S. government obligations. The structured settlements are mostly setup for lawsuit settlements, insurance settlements, lottery awards, casino and jackpot winnings and contest payments.

Structured settlements have not always been available. In 1982, Congress passed The Periodic Payment Settlement Act of 1982 (Public Law 97-473), as a way to make large settlements more agreeable to parties and provide certain protection to victims. It also encouraged people to use them by granting them tax-free status.

As a result, many people now choose a structured settlement agreement over a lump sum payment, and courts often award them in civil actions where there will be long-term costs of living and the necessity for obtaining cash payments at some point in the future.

Structured settlements are not appropriate in all kind of cases. Since structures allow settlement funds to grow income tax-free and to be preserved to meet future financial needs, any liability case can be suitable for a structured settlement.

However, the following are cases in which structures should always be considered.

Structured settlements are designed for many types of cases though including:
- All catastrophic cases including paralysis, brain damage, severe burns, loss of limb or severe injury cases.
- Wrongful death cases where a surviving family will need a regular income to replace that of the lost spouse/parent.
- Permanent or temporary disabilities that will take extensive recovery time.
- Most of Workers compensation cases- Most of cases with a reserve or value of $50,000 or more, for example lottery or casino awards.
- Guardianship cases where there are minor children or another person who is judged to be incompetent such as a person with psychological, emotional, or mental handicaps

Structured settlements can be formed in many different ways, and their structure is basically determined by the financial needs of the claimant. The simplest structured settlements are created with an even distribution of cash on a given interim for the term of the agreement. Such a settlement could include a payment every month for 15- 20 years as an example.

A properly developed structural settlement agreement also includes the time value of money because by design, they do not pay interest. The interest is calculated in as a part of the payment. In essence, the structured settlement incorporates a fixed interest rate that is also completely tax-free as it is part of the settlement.

Benefits of a Structured Settlement:

Benefits to Claimants:

1. Choice: Allows the claimant a choice at settlement. Benefits can be received based on needs rather than a lump sum which has to be invested at risk, incurring fees.

2. Tax-free: Structured settlements provide a steady stream of cash to claimant that is completely free of tax liability, both at federal and the state level.

3. Regular payment stream: A structured settlement annuity provides regular payment stream to claimant.

4. More Secure: Maximum security since periodic payments are funded by annuities or reinsurance issued by the largest, most secure life insurance companies.

5. Structured Settlements are cheaper: Another benefit to structured settlements is that they are often arrived at without the risk and time loss of going to court.

Benefits to the defense:

1. Bridge Gaps: Helps bridge gaps between plaintiff and defendant.

2. Reduces litigation costs: For many reasons, defendants who believe they could have liability will make an offer of a structured settlement to minimize their costs.

3. Reduce settlement cost: Substandard age rating can significantly reduce settlement cost.

4. Structured Settlements are cheaper: Because they are often arrived at without the risk and time loss of going to court.

You can sell Your Structured Settlements!

Now you can sell your future monthly payments and be free of the restrictive schedule of disbursement imposed by your structured insurance settlement. There are some finance companies those will pay you a large lump sum of cash now, rather than you receiving smaller monthly payments for the remainder of the payout.

You may like to sell your structured settlement because some of the following reasons:

1. Your life situation changed since your structured settlement was created.

2. You have an emergency situation or a special opportunity occurred in your life which requires cash you do not currently have.

3. You want to start a new business but do not have the cash needed.

4. You need money for a special event in your life like the wedding of your child.

5. You have outgrown your current home but don’t know where you’ll find the money to buy a larger home or add on to your existing home.

You also have the options to sell your settlement to suit your requirements as followings:

- Cash payouts in full: Full Payment refers to a plan where the individual sells all the remaining future payments at a discounted present value for a lump sum payment.

- Partial buyouts: Partial Payment refers to a plan where the individual sells a specific number of future payments at a discounted present value for a lump sum payment.

-Shared payment plans: Shared Payment refers to a plan where the individual sells a portion of their future payment(s) at a discounted present value and keeps a portion.

I personally believe that most important reason to sell your structured settlement today is that you take advantage of the financial principle of the Time Value of Money, which means that a dollar is more valuable to you today than it will be in the future; you get your money before inflation kills its value.

Deal with a company that will structure the transaction based on your specific financial requirements and only acquire the portion of your payment stream that is necessary for you to fulfill your needs.

We can help with your structured settlement, mortgage note or trust deed.

Click here to email us your questions.

Click here for additional information. from Smiling Dog Enterprises

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Selling a Mortgage Note or Trust Deed

October 22, 2008 – 2:06 am

If you have recently sold property and financed the buyer by taking back a mortgage or deed of trust, you own a Mortgage Note. You will be collecting monthly payments for years to come. But what is that worth in dollars today, and how can you get your money ahead of time?  This is called the time value of money.

If you need a lump sum of cash now, you can sell your mortgage note to a third party wanting a regular payment stream as an investment. There are many companies out there that will buy your mortgage, discounting the payments for the remainder of the loan back to present day dollars.

Keep in mind that the interest rate that will be used to calculate what today’s dollars are worth will be different than the interest rate on the mortgage note. Why is this? Well the investor most likely will want a
different interest rate than what the mortgage note is for based on current rates.

For example, if the interest rate on your mortgage note is 6%, but the average rate in the market is 8%, why would an investor agree to 6%. He would still be getting the 6% on the face of the note, but by paying less than the present value at 6%, he makes up the additional 2% up front.

One last thing to keep in mind is that the higher the discount rate that a buyer uses, the smaller the
lump sum payment will be. This also works in reverse - if the note says 8% and the current rate is 6%, an investor will pay a premium to buy that payment stream.

We buy mortgage notes and trust deeds.  For more information click here.

Smiling Dog Enterprises

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Selling A Business with Seller Financed Mortgage Notes

October 16, 2008 – 7:52 pm

Business notes or Promissory notes are created when a business owner sells a business using owner-financing. Seller financed business notes, or Seller carry-back notes, are almost identical to Owner financed mortgage notes, except that they are notes created from the sale of a business instead of a home or property.

It is significantly more difficult to get a bank loan for the purchase of a small business than it is to get a loan for the purchase of a home. Businesses historically have a high failure rate, and often do not have enough collateral to satisfy a bank loan.

It is very common for the seller of a business to take back a note (or “carry the loan”) to help with the sale of the business. Business sellers usually have no choice but to offer seller-financing. They often accept a down payment for part of the sale, and a promissory business note for the balance. The usual down payment is 33-1/3%, and the seller receives a monthly payment from the buyer for 5 to 7 years. There may or may not be a balloon, interest rate is negotiated.

There are times when the seller is content to receive the payments over many years but it is often the case that they have needs for a lump sum payment instead of collecting the payments over time. The person holding the note however does not want to wait that long to receive all the money from the business, so he or she looks for a someone to buy all or part of the note being held.

10 Top reasons business note holders may want to sell their business note:

1. To Raise cash.
2. To Eliminate debt
3. To have the capital to start their next project
4. Enhance their investment portfolio or planning a new investment strategy
5. Want to buy real estate, home, car, boat or plane?
6. Need to pay for a medical emergency?
7. Need to fund a child ’s education?
8. To Fund their favorite cause or charity
9. To Eliminate the hassle and worry of collecting payments
10. Or just want to take the vacation of a lifetime?

To meet your current financial objectives, you can now sell your business notes. In some cases you can sell all the remaining payments of your business note, while in other cases you may sell just enough payments to meet your need. And don’t worry about your business ’s buyer. When you sell your note, the sale does not affect the buyer at all. Their contract terms remain the same.

There is such a broad range of different types of business notes that can be purchased, it would be impossible to list them all.

Eligible Businesses on which NOTES are sold include, but are not limited to:

Dry cleaners, Hair, Nail salons, Auto repair shops, Printers, Medical & Dental practices, Restaurants/ Bars, Mini-markets, Convenience stores, Manufacturing companies, Various Service industries, Pest Control companies, Mail and Packaging centers, Building maintenance services , And many others . . .

Typical Business Note Buying Criteria:

A. First position as lien holder
B. Substantial down payment (usually 30%-35% minimum)
C. Seasoning (3-5 timely payments made already)
D. Buyer ’s previous experience in business
E. Buyer has good Fico credit score (625-650 or above)
F. Note must be fully amortized and in first position
G. Note must be personally guaranteed

While these are typical criteria desired, but each transaction is considered on its own terms and strengths. Every note is reviewed on an individual basis.

I personally believe that most important reason to sell your business note today is that you take advantage of the financial principle of the Time Value of Money, which means that a dollar is more valuable to you today than it will be in the future; you get your money before inflation kills its value.

Click here for more information.

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Purchasing Property In Today’s Tight Credit Market Using Mortgage Notes

October 15, 2008 – 6:43 pm

People want to have their own house.  But in today’s extremely tight credit market, a potential home buyer may not be able to obtain financing from a traditional bank or a mortgage company.  In this case, a buyer may choose to purchase real property through a land contract or mortgage note.

A land contract sometimes known as a contract for deed, trust deed or mortgage note is a contract between a buyer and a seller of a real property wherein the seller provides financing to purchase the property for an agreed-upon purchase price and the buyer repays the “loan” in installments.  The seller holds the title or the deed to the property until the buyer completes all payments stated in the contract.

Purchasing a property by way of a land contract can prove beneficial to the buyer.  He/She does not have to contend with hefty down payments, credit requirements or other tedious bank financing prerequisites.
Initial costs incurred with a land contract are also significantly lower than those through bank financing.  Likewise, the seller does not have to wait for lengthy bank processes.  Furthermore, property sold via a land contract can be priced higher than if sold through bank financing.  Since the buyer is not obligated to pay a large down payment, the seller can ask for a higher price or a higher interest rate enabling the latter to realize a considerable profit.

Under a land contract, the buyer and the seller enter into an agreement that stipulates that the seller shall only transfer the legal title of the real property until all agreed-upon payments have been paid in full.
During the duration of the contract, the seller allows the buyer to occupy/use the property for purposes other than legal ownership provided the buyer is not in default.  In most land contracts, the purchase price is typically paid with a modest down payment and then periodic installments for a set period of time.  At the end of the course of the payments, the buyer pays off the balance with a balloon or lump sum payment.  When the full purchase price inclusive of any interest has been paid, the seller tenders the legal title to the property to the buyer.

If the buyer defaults on his/her regular installment payments or fails to make full payment at the end of the land contract, the seller may re-possess the property.  The buyer loses any payments made including the down payment and equity through his/her periodic payments.  Money and time spent on improvements on the property will all go to waste.  Thereafter, the seller is not required to transfer the deed to the buyer.

On the other hand, if the seller owes a mortgage on the property and has not settled the entire loan prior to the buyer’s final payment at the end of the contract, the latter may be forced to pay off the mortgage to prevent foreclosure on the property thereby losing his investment.  Aside from mortgage on the property, there can also be back taxes or other liens that the seller owes.

For more information click here.

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Tips on How To Sell Your Mortgage Note

October 8, 2008 – 4:26 am

You might not have been aware of the fact that you can sell your mortgage notes or sell it online, but more and more sellers are choosing to do so.

Many people seeking a lump sum of cash want to know how to sell mortgage notes for top dollar and where to find a note buyer. Fortunately, the process is quite simple.  You may get a competitive quote in a matter of hours.

The best part is you can take care of everything via phone, fax and email, so there’s no need to be in the same area, even the same state as the note buyer. And you can usually have your cash in hand within a few weeks, as the average transaction takes between 10-14 days to complete.

How to Sell Mortgage Notes Online

We are experts at selling notes and you can fill out a form on line or contact us with any questions you may have. We will ask for a little information about you as well as details about your note. Fill in as much information as you can as this will be helpful to the potential buyer.

Once you’ve submitted your information, you should receive a call or email within 24-48 hours.  The initial consultation is always free.

During the initial contact you will discuss the details of your note including balance, time remaining, interest rate, payments to date, etc. The buyer will use all of this information to decide what to offer you for your note.

Keep in mind that it has to make financial sense for them as well, so the stronger the note the more you can expect to receive for it.
Remember, the buyer is now assuming the risk for you, so they have to deal with all of the potential problems that could arise down the road, e.g. inflationary pressures, payor default, unstable economy, etc.

Even so, money today is always worth more than money tomorrow, so even though you will not get the full dollar value when you sell, you still get a guaranteed lump sum of cash without exposing yourself to any risk. And if you are able to invest that money, it can add up to much more than the value of the note over time.

To list your note, click here.

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Thank you

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The Real Estate Market with a New President

October 7, 2008 – 4:27 am

The existing real estate market is in decline and current forecasts do not see a significant rise any time soon. However, there are many variables that could affect this forecast. Being an election year, a new president, depending on the policies of his platform, may be able to change the economy to such an extent that the real estate market also changes. There is no guarantee that it will be for the better but it very well may affect change. This late in the game the front runners for the election are Barack Obama and John McCain.

Obama is a Democrat who has a proposed housing reform plan. His reformations include changes to the financial regulatory system to have stricter controls on financial institutions. Also in his plan is a system to help with the current foreclosure problem facing many Americans today. He proposes that the Federal government take steps to assist those who are in financial straits by buying out or refinancing existing mortgages to drop monthly payments. Also, he wants financial institutions to restructure loans as early as possible when a borrower is having problems. In addition he wants to increase tax incentives for people who have mortgages so they can get a break on their taxes. His final initiative includes a federally funded program costing up to thirty million dollars to help with the existing foreclosure crisis facing America today.

McCain, a Republican holds that there should be little government intervention in the banking situation and that the economic issues should play out naturally. However, recognizing the crisis he is open to suggestion from leading authorities for temporary solutions for assistance in order to help the American public through the crisis. However, he maintains that any assistance should be temporary and any permanent reform should be in the means of regulatory changes and increasing the accountability of banks so that the crisis does not occur again. He also insists that any financial assistance to the public should be for those in primary residences to save their home and no assistance should go to investors in trouble or those who have trouble keeping up a second home or vacation property.

While McCain is amenable to analyzing the issue and open to discussion regarding possible solutions for both long and short term, he is non committal about what his housing policy is and refuses to make it a part of his campaign. He does not want to play on the fears of the public to win votes by touting a reform policy that is not feasible or would not pass. Both Obama and McCain have recognized the existing housing problems in the country. Both have acknowledged a need for some type of reform. They do, however, disagree on how much government should be involved and in which aspects. Obama has a clear cut strategy for housing reform as part of his campaign platform but that does not mean anything will actually come to fruition if he is elected. McCain has been noncommittal in pinning down specifics but has stated it is something that will take precedence. How the market will unfold after the election, though, will depend not so much on who is elected but what will actually occur when they are. Right now, there is merely discussion and planning with nothing concrete evidenced by either side.

We buy mortgage notes and trust deeds

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