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Streetwise Seller Financing: Sell Your Property up to 70% Faster | 
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| Author: W. Eddie Speed
Publisher: Colonial Funding Group
Category: Book
List Price: $24.95
Buy New: $15.99
You Save: $8.96 (36%)
New (5) Used (14) from $13.45
Rating:  8 reviews
Media: Paperback
Pages: 96
Shipping Weight (lbs): 0.3
Dimensions (in): 8.8 x 5.8 x 0.3
ISBN: 0974363103
EAN: 9780974363103
Publication Date: July 7, 2003
Availability: Usually ships in 1-2 business days
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Product Description
Streetwise Seller Financing is designed as a complete guide to the entire process of seller financing real estate. Starting with the homework before the sale, Eddie Speed moves through underwriting, structuring the sale, complying with applicable state and federal laws, preventing default and what to do if your property does enter default. Table of Contents: Introduction Part i: Homework Before the Sale Should I Owner-Finance? The Application Employment Section Rental History Reference Verification Balance Sheet Credit Report Understanding the Credit Score Public Record Information Trades Information Sources of Public Records Common Sense Underwriting Underwriting Food for Thought Calculating Ability to Pay The 5 C's of Credit Part ii: Structuring the Sale The Credit Score and Loan to Value The Property Type and Loan to Value A Word About Interest Rates What is the "Right" Structure for my Note? Why Loan to Value is Important Legal Requirements for Notes Real Estate Settlement Practices Act (RESPA) Truth in Lending Act (TILA) Equal Opportunity Credit Act Home Mortgage Disclosure Act Gramm-Leach-Bliley Act Fair Credit Reporting Act State Laws A Word on Late Fees Escrow Accounts Why collect Escrow? Legal Limits Interest on Escrow accounts Other Legal Issues IRS 1098 Reporting Requirements Organizing Your Portfolio Part iii: Conditions Leading to Default P&I Delinquency Unpaid Property Taxes No Hazard Insurance Other Liens Poor Property Management Common Sense Collection Calls The Importance of Collecting on Your Note Establishing Payment Expectations Permanent Corrective Action Collection Schedule Telephone Collection Calls Keeping Good Pay Histories Skip-Tracing Fair Debt Collection Practices Act Alternatives to Foreclosure Forbearance Recasting Government Assistance What to Expect When Your Loan Enters Default Bankruptcy Foreclosure Judicial Foreclosure Power-of-Sale Foreclosures Deficiency Judgements Surrender of Deed Presale of Property Tax Consequences of Default Selling Your Note Partial Purchases Conclusion Appendix A: Glossary of Terms Appendix B: Important Forms US Bankruptcy Court Proof of Claim Sample Freddie Mac Universal Loan Application Payment Reminder Letter Notice of Non Payment - Letter # 1 Notice of Non Payment - Letter # 2 Notice of Non Payment - Letter # 3 Sample Breech Letter Notice of Intention to Foreclose Sample Borrower's Financial Statement Notice Required by Fair Debt Collection Practices Act IRS Form 1099-A Acquisition or Abandonment of Secured Property IRS Form 1099-C Cancellation of Debt Notice to Users of Consumer Reports Sample Truth in Lending Disclosure Statement HUD-1 Settlement Statement Seller Disclosure of Condition IRS Form 1098 Mortgage Interest Statement IRS Form 1096 Annual Summary and Transmittal of Returns Appendix C: Delinquent Servicing Schedule Index
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| Customer Reviews:
Showing reviews 1-5 of 8
A must-read in this mortgage market April 24, 2009
NotePro (San Francisco, CA)
0 out of 1 found this review helpful
Have you tried to find financing in this market? Do conventional lenders fail to return your calls? Are jumbo loans simply unavailable to any borrower? What's a home seller to do? Speak with anyone who has trained with Eddie Speed in his "Note School" and you will quickly get to know the master in the industry, who is really trying to bring a much higher degree of integrity and professionalism into this rapidly growing but still fledgling industry of seller financing. This book is a "must read" for anyone who owns a home and needs to think about preparing an exit-strategy for the day they may want, or need, to sell that home. Don't miss it!
Great read for any real estate investor! September 11, 2007
Roger Pina Jr. (Chicago, IL)
3 out of 3 found this review helpful
In these rocky times for real estate investors it's getting harder to sell houses. This is an excellent book that explains how the seller financing procedure works. It is the most complete book on the subject that I have ever read. If you are a real estate investor and you rehab houses or lease option, this is a must read.
A Great Primer September 11, 2007
Northeast Marketing Services
2 out of 2 found this review helpful
Don't bother taking Russ Dalbey's course. Read this book,call Eddy to create the note he'll buy then go fishing.
Streetwise Seller Financing July 7, 2004
Jerry (Austin, Texas)
9 out of 9 found this review helpful
I've done private financing using seller notes for over 20 years. In this field, knowledge and integrity are of extreme importance. This book provides all the knowledge that any note seller will ever need, and more. We've always known this method of funding can quadruple the inquiries and double the qualified buyers, now the average seller knows how everything works. That's a hundred times better than being at the mercy of the institutional mortgage system as it now exists.
Streetwise Seller Financing December 18, 2003
Robert M Warner (Hollywood, Florida)
8 out of 8 found this review helpful
If you are interested in seller financing, this is the book you must have. As a practicing attorney for 30+ years, specializing in real estate, I thought I knew it all but I even learned some things from Mr. Speed's book. He speaks to the issues facing seller financing in a way that is easy to understand and follow with real world solutions. This is a tough area with many dangerous curves but Streetwise Seller Financing addresses each issue providing valuable tips to assist the seller. I found the book to be of more help then many of the legal books due to the fact that Mr. Speed does not give you theory but just important facts on the correct way. I have dealt with many lenders in my years of law practice that could have used this book.
Showing reviews 1-5 of 8
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