Note Course Bonus: New Teleseminar Replay Posted
Published: Thu, 06/14/12
Hello again ,
As promised, I've posted the replay of last week's
teleseminar. Vince Toomey of Capital Trusts, Inc. gave us some VERY
valuable information that could benefit you for years to come.
Listen at
http://papersourceonline.com/tele-seminars-2012/
Cheers,
Bill
W. J. Mencarow, President
The Paper Source, Inc.
www.PaperSourceOnline.com
www.cashflows.org
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WHAT YOU DON'T KNOW ABOUT ERIC HOLDER -- THE REAL ESTATE
COVER-UP
At a time when millions of Americans are losing their homes as a
result of questionable or fraudulent mortgage banking practices,
Attorney General Eric Holder's Justice Department is being
accused of blocking prosecution of a high-visibility real estate
deal.
Holder, who is under pressure to resign as a result of the
Justice Dept.'s Fast & Furious gun-running scandal which
resulted in the murder of Border Patrol Agent Brian Terry,
allegedly aims to protect a high-profile international bank client
of his former law firm and shield Democratic Party operatives
implicated in the scheme.
READ THE FULL STORY:
http://www.wnd.com/2012/06/holder-faces-corruption-scandal-too/
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CREATE NOTES WITH CA$H NOW SELLER FINANCING
You probably know that buyers LOVE Seller Financing!
And if you are an investor, you know that one of the best ways to
structure a creative real estate or NOTE purchase is with Seller
Financing. BUT, unfortunately, many sellers won't even consider
Seller Financing because the down payment does not provide the cash
they need, or at least want. This eBooklet provides a solution to
this dilemma and shows you how to create win-win transactions.
* If you work on commission, knowing this technique should earn you
at least $12,000 a year in additional income.
* If you are an investor, knowing this technique should allow you
to buy at least one additional property each year.
* And, if you are a note broker or investor, by understanding CA$H
NOW SELLER FINANCING you will be able to work with Realtors(R) and
investors to acquire many additional good notes!
In addition to explaining this Creative Financing technique this
eBooklet explains the important documents used in Seller Financing
and shows examples of the use of the technique.
It also answers Frequently Asked Questions and tells you how to get
more information and how to get started using this powerful, money
making technique today!
The author is Ken Gain, MAI, SRS, CCIM, CRE, who has been an active
real estate investor and full-time real estate professional since
1962. He is President of CA$H NOW Financial Corporation, and helps
investors and Realtors close creative transactions like those
described in the eBooklet.
33 information-packed pages, $19.97. Order now and get it
immediately!
http://store.papersourceonline.com/cah-now-seller-financing/
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CAN YOU ORDER A CREDIT REPORT ON A NOTE PAYOR WITHOUT HIS CONSENT?
by Lorelei Stevens, President, Wall Street Brokers, Inc.
This question has haunted note brokers and investors for years. The
answer appears to be "yes." Section 604 (a) (3) (E),
titled "Permissable Purposes of Reports," of the federal
Fair Credit Reporting Act ("FCRA") as amended by the
Consumer Credit Reporting Reform Act states that a permissible
purpose is given to a person who "intends to use the
information, as a potential investor or servicer, or current
insurer, in connection with a valuation of, or an assessment of the
credit or prepayment risks associated with, an existing credit
obligation..."
Therefore, this section gives a permissible purpose for potential
investors, servicers or insurers of credit obligations to obtain a
report on a payor for the purpose of evaluating or assessing the
credit or prepayment risks involved in existing credit obligations
of the payor.
For example, an entity which plans to buy a note and trust deed
would have a permissible purpose under this section to obtain a
consumer report on the payor for that particular transaction.
I have verified this information with my attorney and with the
Federal Trade Commission. However, your own attorney should be
consulted regarding this matter for legal advice.
Here is the Associated Credit Bureau's analysis:
"Section 604(a)(3)(E) creates a permissible purpose for
potential investors, servicers or insurers of credit obligations to
obtain consumer reports for the purpose of evaluating or assessing
the credit or prepayment risks involved in existing credit
obligations of consumers. For example, an entity that plans to
invest in a mortgage loan transaction would have a permissible
purpose under this section to obtain a consumer report on the
borrower in that transaction."
Lorelei Stevens is president of Wall Street Brokers, Inc. in
Seattle Washington. If you have a note to sell, please contact her
at 206-448-1160 or fax 206-448-8476 or e-mail
lorelei.stevens@gmail.com
Website: www.wallstreetbrokers.com
Lorelei is the author of "LORELEI'S LEGAL LESSONS, THE
ESSENTIAL GUIDE FOR SUCCESSFUL NOTE BROKERS." In this e-book
you will learn the little-known rules and requirements that can
make or break you, written in a clear, concise and easy to
understand style. Just For information go to
http://store.papersourceonline.com/essential-guide/