admin | October 26, 2009

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Chapter 7 Bankruptcy
All assets are frozen when a Chapter 7 bankruptcy is filed. The attorney creates an automatic stay. Under an automatic stay, the homeowners will not be able to [...]
Category: mortgages, real estate |
26 Comments »
Tags: illinois real estate, indiana real estate, real estate
admin | September 21, 2009
If an investor is interested in an investment property that is 60,000. The investor acquires a loan for 90% of that amount. By the way, if the property is located in an area that is deemed declining then the mortgage company will require more down, so you may have to do 85% of the purchase price [...]
Category: real estate |
9 Comments »
Tags: illinois real estate, indiana real estate, real estate
admin | December 1, 2008

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According to Internal Revenue Code Section 1031, an investor can sell a property and reinvest the proceeds in a new property. The usage of the Section 1031 allows the investor to defer capital gain taxes when selling any property ” held for investment purposes”. There are many [...]
Category: real estate |
10 Comments »
Tags: illinois real estate, indiana real estate, real estate