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Do you own your home? If so, it’s likely to be your greatest single asset. Unfortunately, if you agree to a loan that’s based on the equity you have in your home, you may be putting your most valuable asset at risk.

Homeowners – particularly elderly, minority, and those with low incomes or poor credit – should be careful when borrowing money based on their home equity. Why? Certain abusive or exploitative lenders target these borrowers, who unwittingly may be putting their home on the line.

Abusive lending practices range from equity stripping and loan flipping to hiding loan terms and packing a loan with extra charges. The Federal Trade Commission urges you to be aware of these loan practices to avoid losing your home.

The Practices

Equity Stripping

You need money. You don’t have much income coming in each month. You have built up equity in your home. A lender tells you that you could get a loan, even though you know your income is just not enough to keep up with the monthly payments. The lender encourages you to “pad” your income on your application form to help get the loan approved.

This lender may be out to steal the equity you have built up in your home. The lender doesn’t care if you can’t keep up with the monthly payments. As soon as you don’t, the lender will foreclose-taking your home and stripping you of the equity you have spent years building. If you take out a loan but don’t have enough income to make the monthly payments, you are being set up. You probably will lose your home.

Hidden Loan Terms: The Balloon Payment

You’ve fallen behind in your mortgage payments and may face foreclosure. Another lender offers to save you from foreclosure by refinancing your mortgage and lowering your monthly payments. Look carefully at the loan terms. The payments may be lower because the lender is offering a loan on which you repay only the interest each month. At the end of the loan term, the principal-that is, the entire amount that you borrowed-is due in one lump sum called a balloon payment. If you can’t make the balloon payment or refinance, you face foreclosure and the loss of your home.

Loan Flipping

Suppose you’ve had your mortgage for years. The interest rate is low and the monthly payments fit nicely into your budget, but you could use some extra money. A lender calls to talk about refinancing, and using the availability of extra cash as bait, claims it’s time the equity in your home started “working” for you. You agree to refinance your loan. After you’ve made a few payments on the loan, the lender calls to offer you a bigger loan for, say, a vacation. If you accept the offer, the lender refinances your original loan and then lends you additional money. In this practice-often called “flipping”-the lender charges you high points and fees each time you refinance, and may increase your interest rate as well. If the loan has a prepayment penalty, you will have to pay that penalty each time you take out a new loan.

You now have some extra money and a lot more debt, stretched out over a longer time. The extra cash you receive may be less than the additional costs and fees you were charged for the refinancing. And what’s worse, you are now paying interest on those extra fees charged in each refinancing. Long story short? With each refinancing, you’ve increased your debt and probably are paying a very high price for some extra cash. After a while, if you get in over your head and can’t pay, you could lose your home.

The “Home Improvement” Loan

A contractor calls or knocks on your door and offers to install a new roof or remodel your kitchen at a price that sounds reasonable. You tell him you’re interested, but can’t afford it. He tells you it’s no problem-he can arrange financing through a lender he knows. You agree to the project, and the contractor begins work. At some point after the contractor begins, you are asked to sign a lot of papers. The papers may be blank or the lender may rush you to sign before you have time to read what you’ve been given. The contractor threatens to leave the work on your house unfinished if you don’t sign. You sign the papers. Only later, you realize that the papers you signed are a home equity loan. The interest rate, points and fees seem very high. To make matters worse, the work on your home isn’t done right or hasn’t been completed, and the contractor, who may have been paid by the lender, has little interest in completing the work to your satisfaction.

Credit Insurance Packing

You’ve just agreed to a mortgage on terms you think you can afford. At closing, the lender gives you papers to sign that include charges for credit insurance or other “benefits” that you did not ask for and do not want. The lender hopes you don’t notice this, and that you just sign the loan papers where you are asked to sign. The lender doesn’t explain exactly how much extra money this will cost you each month on your loan. If you do notice, you’re afraid that if you ask questions or object, you might not get the loan.

The lender may tell you that this insurance comes with the loan, making you think that it comes at no additional cost. Or, if you object, the lender may even tell you that if you want the loan without the insurance, the loan papers will have to be rewritten, that it could take several days, and that the manager may reconsider the loan altogether. If you agree to buy the insurance, you really are paying extra for the loan by buying a product you may not want or need.

Mortgage Servicing Abuses

After you get a mortgage, you receive a letter from your lender saying that your monthly payments will be higher than you expected. The lender says that your payments include escrow for taxes and insurance even though you arranged to pay those items yourself with the lender’s okay. Later, a message from the lender says you are being charged late fees. But you know your payments were on time. Or, you may receive a message saying that you failed to maintain required property insurance and the lender is buying more costly insurance at your expense.

Other charges that you don’t understand – like legal fees – are added to the amount you owe, increasing your monthly payments or the amount you owe at the end of the loan term. The lender doesn’t provide you with an accurate or complete account of these charges. You ask for a payoff statement to refinance with another lender and receive a statement that’s inaccurate or incomplete. The lender’s actions make it almost impossible to determine how much you’ve paid or how much you owe. You may pay more than you owe.

Signing Over Your Deed

If you are having trouble paying your mortgage and the lender has threatened to foreclose and take your home, you may feel desperate. Another “lender” may contact you with an offer to help you find new financing. Before he can help you, he asks you to deed your property to him, claiming that it’s a temporary measure to prevent foreclosure. The promised refinancing that would let you save your home never comes through.

Once the lender has the deed to your property, he starts to treat it as his own. He may borrow against it (for his benefit, not yours) or even sell it to someone else. Because you don’t own the home any more, you won’t get any money when the property is sold. The lender will treat you as a tenant and your mortgage payments as rent. If your “rent” payments are late, you can be evicted from your home.

Protecting Yourself

You can protect yourself against losing your home to inappropriate lending practices. Here’s how:

Don’t:

- Agree to a home equity loan if you don’t have enough income to make the monthly payments.

- Sign any document you haven’t read or any document that has blank spaces to be filled in after you sign.

- Let anyone pressure you into signing any document.

- Agree to a loan that includes credit insurance or extra products you don’t want.

- Let the promise of extra cash or lower monthly payments get in the way of your good judgment about whether the cost you will pay for the loan is really worth it.

-Deed your property to anyone. First consult an attorney, a knowledgeable family member, or someone else you trust.

Do:

- Ask specifically if credit insurance is required as a condition of the loan. If it isn’t, and a charge is included in your loan and you don’t want the insurance, ask that the charge be removed from the loan documents. If you want the added security of credit insurance, shop around for the best rates.

- Keep careful records of what you’ve paid, including billing statements and canceled checks. Challenge any charge you think is inaccurate.

- Check contractors’ references when it is time to have work done in your home. Get more than one estimate.

- Read all items carefully. If you need an explanation of any terms or conditions, talk to someone you can trust, such as a knowledgeable family member or an attorney. Consider all the costs of financing before you agree to a loan.

For More Information:

The FTC works for the consumer to prevent fraudulent, deceptive and unfair business practices in the marketplace and to provide information to help consumers spot, stop and avoid them. To file a complaint, or to get free information on any of 150 consumer topics, call toll-free, 1-877-FTC-HELP (1-877-382-4357), or use the complaint form at www.ftc.gov. The FTC enters Internet, telemarketing, and other fraud-related complaints into Consumer Sentinel, a secure, online database available to hundreds of civil and criminal law enforcement agencies worldwide.

Federal Trade Commission Bureau of Consumer Protection

Office of Consumer and Business Education

This article is public domain.

A second mortgage that promises debt consolidation, low home equity rates, low interest rates, no equity requirement, and options for a loan or line of credit…Does that sound like a good deal? The problem is that you are not sure what all of this terminology means, and are reluctant to ask at the risk of sounding like an uninformed homeowner, so you’ve decided that a second mortgage is not for you. Does this sound familiar? If so, then read on to learn the basics in three short lessons:

Lesson One: What does the term “Second Mortgage” mean?

When you bought your house, you took out a loan, (your mortgage) which is now in first lien position. (in position to be paid first) When you take out a second mortgage, your new loan moves into second lien position. This usually means that your first mortgage will be paid off by the second one, which will then move into first lien position.

Lesson Two: The Benefits of A 2nd Mortgage

First, you will most likely be able to pay off your first mortgage, and be left with just the second one, which will be even more beneficial if you were able to obtain a fixed or lower interest rate on mortgage number two. A second mortgage is also a useful tool for debt consolidation and a way to get money for home improvement through options like 125% home loans, home equity loans and home equity credit lines. Last, but not least, according to businessfinance.com,”the second mortgage typically carries a term of no less than five years of interest-only payments,” which is definitely something to consider.

Lesson Three: The Essential Mortgage Interest Rate Glossary:

Federal Interest Rate: the target rate of the Federal Reserve System and chairman, Alan Greenspan. The actual rate is determined partly by the target rate and also by the U.S. economy’s inflation and deflation.

Prime Rate: The current interest rate reported by the Wall Street Journal. The Journal bases this rate on the rates of the 30 largest U.S. banks, and adjusts its rate accordingly.

Variable Interest Rate: A loan with a changing interest rate according to the changes in the Prime and Federal interest rates. Many loans, like the adjustable- rate mortgage, have these types of rates.

Fixed Interest Rate: An unchanging interest rate that is “locked in” at the time of the loan’s origination.

Congratulations! You now know the basics when it comes to second mortgages, and now you can make a more informed decision. Be sure to expand your financing vocabulary and product knowledge base before you apply for a loan. Then you will be able to review all of your options with your loan officer before committing to any type of loan.

Those purchasing a home for the first time may be unfamiliar with tips and techniques for selection a good mortgage lender or broker. If buying a home, choosing the right broker makes a big difference. You have the option of completing a loan application with individual lenders, or opting to use the assistance of a mortgage broker.

The Role of Mortgage Brokers in California

Using a mortgage broker to find a fitting loan program is very beneficial. Each homebuyer has a different situation. Fortunately, there are many loans available to help homebuyers achieve their dream. For example, if you have poor credit, it is possible to find a loan that is catered to those with low credit scores. Secondly, programs that offer closing costs assistance are available for those with little money.

The responsibility of a mortgage broker is to match you with a potential lender. There are many mortgage lenders to choose between. Thus, selecting the right lender may be challenging. Besides, contacting each lender and inquiring of their loan programs is time consuming. If using a broker, you avoid the legwork.

Mortgage brokers will gather all your personal information, and submit it to lenders for review. Within a few hours, you can expect mortgage quotes from lenders eager to have your business.

Benefits of Using a Mortgage Broker to Find a Lender

Brokers have access to many different types of loans. In fact, a broker can match you with a lender that offers specialized assistance. For instance, many government programs and private lenders provide huge down payment assistance to families with moderate to low incomes.

Furthermore, if using a mortgage broker, you will receive more than one mortgage offer. When using a broker, lenders literally compete for your business. After lenders remit their quotes to the broker, the broker will email you with their offers. This gives you the opportunity to thoroughly review offers before selecting a lender

Why Apply Online?

The easiest and most effective method of finding a lender is to work with online brokers. The internet offers convenience and speed. Some brokers offer instant quotes. Upon receiving and reviewing lender quotes, you may be able to submit a formal loan application through the broker’s site. Once the loan approval is finalized, the lender will deliver the necessary documents for you to sign.

Visit www.abcloanguide.com/californiamortgages.shtml
for a list of California mortgage brokers. View our recommended California mortgage lenders online.

Being self employed has many benefits. When you are self-employed, you can write off all of your deductions on your taxes. You have the potential to make more income than someone who is employed by someone else. You have the freedom to be your own boss. One of the few times when being self employed has some drawbacks is when you go to get financing for a home or a major purchase. But, here are some things to know that can help you make the mortgage loan process run smoothly when you are self employed.

When verifying income – In general, lenders want to see at least 2 years of self employment history, sometimes they want to see 3 years. They will want to see this history verified in tax returns, usually. Sometimes the lenders will figure your income as being the average income you claimed on your income taxes as profit, not your gross business income. Sometimes the lender will figure your income as the lowest of the two years and sometimes as the highest of the two years. Talk to your mortgage broker or lender and find out which way they verify. Sometimes lenders will figure a portion of your write-offs or deductions back into your income. There are ideas of other ways that a lender may be able to verify your income and if you are self employed it will help you to be able to show a more of your income.

A. Use bank statements as proof of income – Find a lender who will accept 1-2 years of bank statements as proof of income. It is becoming more common nowadays for lenders to verify your income this way. This way usually works better in proving income than going off of your tax returns, because you can usually prove a lot more cash flow than tax returns will show. On your tax returns you usually subtract each and every business expense before you claim any profit. When using bank statements, you are still proving income, this does not put as much emphasis on your credit score or down payment as the stated income or no doc loan will.

B. Do a stated income or no doc loan – These types of loans are done all of the time, where you need no proof of income, you only state on a form what your income is, and you do not need to verify it. This can help if you are self employed and want to state your income as it is and not worry about having the lender average out your income from the last two years instead. Make sure you are accurate in stating your income, because the lender may be able to obtain past taxes from the IRS to confirm it. When you do a stated income loan, this will put more emphasis on your down payment or credit score. So, you will usually need one of these factors to be strong if you want to go this route. Most of the time when you do a stated income or no doc loan, you will be charged a slightly higher interest rate because of the extra risk the lenders carries.

C. Put together a profit & loss statement stating accurately stating your profits and expenses from the last two years. This can be a time consuming project, but it can sometimes be used as income verification for a lender. It is more usable if you have had it signed or verified by your accountant.

There are many ways that lenders can work with you if you are self employed. There are many programs available to help you and if you have a down payment or decent credit, you are almost guaranteed to be able to get approved somewhere. To see our list of recommended lenders that would be able to help you, visit here: Recommended
Mortgage Loan Companies Online or here Recommended Bad Credit
Mortgage Loan Companies Online

Written by Carrie Reeder, Owner of ABC Loan Guide. Carrie’s website is an informational mortgage loan website. Her website has articles and a list of recommended mortgage lenders for many different types of mortgage loans.

Not many web master take the time to use a robots.txt file for their website. For search engine spiders that use the robots.txt to see what directories to search through, the robots.txt file can be very helpful in keeping the spiders indexing your actual pages and not other information, such as looking through your stats!

The robots.txt file is useful in keeping your spiders from accessing parts folders and files in your hosting directory that are totally unrelated to your actual web site content. You can choose to have the spiders kept out of areas that contain programming that search engines cannot parse properly, and to keep them out of the web stats portion of your site.

Many search engines cannot view dynamically generated content properly, mainly created by programming languages, such as PHP or ASP. If you have an online store programmed in your hosting account, and it is in a seperate directory, you would be wise to block out the spiders from this directory so it only finds relevant information.

The robots.txt file should be placed in the directory where your main files for your hosting are located. So you would be advised to create a blank text file, and save it as robots.txt, and then upload it to your web hosting to the same directory your index.htm file is located.

Here is examples of the use of the robots.txt file:

To block out a directory in a robots.txt file, such as a subdirectory for your online store called /store/ you would do the following:
Disallow: /store/

Another example to block out your stats directory:
Disallow: /stats/

You may also want to disallow individual files that you do not want searched by the search engines. For example you dont want search.php to be parsed by the Search Engines. To do this you type in the following on its own line:

Disallow: /search.php

Following the rules outlined and creating the robots.txt file, you will keep search engine spiders out of unwanted files and directories, and letting them go through the important files to see what your web site is all about!

Michael Kralj is owner of Emenki Web Solutions and Domains at Retail. Emenki Web Solutions are web site designers and programmers based in Hamilton, Ontario, providing businesses with an informative and strategic approach to establishing an online presence on the web.

Please visit Emenki Web Solutions & Web Design in Hamilton, Ontario on the web http://www.emenki.com

Please visit Domains at Retail – Cheap Domain Name Registration on the web: http://www.domainsatretail.com

However, it is also helpful to be as objective as possible when
looking at properties. Therefore, by keeping the following
things in mind when looking for your dream home, you will be
able to avoid falling in love with a totally unsuitable house,
simply because the bedroom has a magnificent view. Create a
Budget The first step is to create a budget. Figure out how much
you can and want to spend on a down payment. Then determine how
much you can afford in monthly mortgage payments. With these
things established, your real estate agent can hone in on the
homes within your price range, eliminating those homes you
cannot reasonably afford. Determine the Layout Another key
element your real estate agent needs to know is the desired
layout for your home. How many bedrooms do you want? Do you need
a study? What about a playroom? Can you simply not live without
a view of the mountains or the ocean? Once you have decided on
these things, your real estate agent can further narrow down the
list of properties for you to consider. Location The final
factor you need to consider is location. How much of a commute
to and from work are you willing to have? Do you have children
and want to be close to a park or school? Do you want to be
within walking distance from your favorite bar or restaurant?
Having a certain radius to look within will also help to narrow
down the selection of homes that you and your partner will agree
on. The Neighborhood Once you start actually looking at
properties, you will have to start doing some more research,
just to make sure that you’re not buying the a great house in a
bad place. Do you like the neighborhood your potential new house
is located in? Are the neighboring houses nice? Are the roads
maintained? Are the people friendly? The House How does your
house compare to others in the neighborhood. Does it look out of
place? Is it significantly larger or more expensive than others
in the area? Despite being tempted to get the large house on the
corner, real estate experts agree that it is better to have a
smaller or mid-sized house when compared to others in the
neighborhood. Also, don’t be put off by cosmetic aspects of the
house that can be easily changed once you move in. Always
remember to look at the potential of the house, rather than what
the current owners have done with the curtains or the paint. By
following these steps, you and your spouse should find it much
easier to agree on a home that fits both your needs and
lifestyles!

Beauty is in the eye of the beholder, particularly when it comes to buying a home. Features that attract one home-buyer may repel another.

However, the one feature of interest to every home-buyer is price. Getting the most home for your money is paramount. The real problem is figuring out whether that fixer-upper on one street is a better buy than the home in next-to-new condition two blocks away. That’s why knowing what to look for before you buy can save you time, energy and money down the line.

The first step is figuring out what kind of house you need. A good buy is only a good buy if it meets your current and future living requirements. Before shopping for a home, decide how much space you and your family require. How many bedrooms, bathrooms? Is a family room necessary? Do you need a layout that will accommodate a lot of entertaining? Do you prefer a spacious or compact work space in the kitchen? If you have small children, can the house easily be childproofed?

Evaluate the front and back yards. Is there enough space to accommodate your children? Do you want a park-like or garden setting? Do you enjoy yard work and gardening, or do you want a low-maintenance yard? Take into consideration the cost of extensive landscaping and upkeep.

Next, determine how much work is required to make the house you are considering livable. Make an honest assessment of your fix-it abilities. How much work are you willing to do or pay someone else to do? Do you have basic decorating, carpentry and plumbing skills? If you plan to learn as you go, make sure you have accurately determined what you are getting into. Ask an experienced friend, family member or your real estate agent for their opinion, and be sure to consider how much remodeling inconvenience the rest of the family can handle.

Unless you are ready and able to tackle a major remodel, look for a house or condominium that needs only cosmetic improvements. These include painting, wallpapering and replacing items like flooring, window treatments, bathroom and kitchen fixtures, light fixtures, cabinet and interior door hardware and appliances. Remember that even these simple changes can be costly if you have to make many of them.

Beware of improvements that seem easy enough at first glance buy may turn into major headaches and require a lot of money once you’ve moved in. Remodeled kitchens and bathrooms, changes to the floor plan, room additions and redesigned landscaping are examples of seemingly minor changes that can easily eat away the money you thought you saved by selecting a so-called “bargain priced” home. Of course, you may be perfectly willing to spend whatever money is needed to customize the house to match your tastes and needs.

Make sure major systems in the house are in good working condition. The furnace, air-conditioning and plumbing should be up to date, since repairs can be costly. Your agent can arrange to have a professional inspector determine whether the electrical wiring and any room additions are to code. Local utilities often offer free or low-cost inspections to tell you if the house is energy-efficient.

Look for a house with universally popular selling points. If you’re impressed, the next buyer down the line is bound to be, too. For example, a roomy, modern east-to-clean kitchen is the best selling point a home can have. A house with only one bathroom is less desirable than a house with two or more. Many buyers expect at least three bedrooms, with a master bedroom that offers a feeling of privacy. Lots of storage space and closets, especially walk-in closets, will be a real selling point. Family rooms or “great rooms” also are desirable. On closer examination, a house that looks like a bargain may lack some of these key features.

Don’t forget the old adage: location, location, location. Unless you’re looking for a fixer-upper, the house should be in a condition that is comparable to other homes in the neighborhood. Avoid buying the biggest or fanciest home on the block. Consider the amount of traffic or noise. Homes located in a quiet area away from a busy street will command a higher price. Make sure the schools in your district have a reputation for quality education and safety. Nearby supermarkets, gas stations, restaurants and theaters also will make a location more desirable.

Good community facilities also add appeal; pools, athletic fields, community centers, libraries and hospitals all add to a neighborhood’s value and desirability. Transportation needs also should be considered. Is local public transit available? How long are typical commutes to places of current and potential employment? Are there several alternate route? How close is a major airport? All of these can affect a home’s pricing.

Consider the cost of living in a home. It’s important to consider not only purchase price but the monthly cost of living in a home. Estimate your utility and maintenance costs. For example, will the house need to be painted on a regular basis and will you need to spend money maintaining a swimming pool? Ask your agent about the property tax rate and whether increases are anticipated. Will you have to pay special assessments for a homeowner’s association? Consider the point in the life cycle of major household systems, such as the furnace, air conditioning, roof and kitchen appliances.

You can find a bargain! Your first step should be to seek out a knowledgeable real estate agent with experience in the market areas where you wish to purchase a home. Your agent can help you locate those properties that truly are “bargains” and help find the home that most closely matches your desires and needs.

About The Author

W. Troy Swezey is the author of “HOW TO SPOT A GOOD BUY.” As a Realtor at Century 21 Paul & Associates, he has helped many individuals with their real estate needs. Visit his web site to download his free e-book, “Real Estate Secrets Exposed.” http://www.TroyIsMyRealtor.com or mail to: TroyC21@usa.net

With a lot of the survey directories, all that you need to provide is an email address and name for enrollment once you sign up for membership at a nominal fee. At that point, you can gain access to all the survey companies you were looking for. After that, you can pick the ones to sign up for based on which ones you like. Getting Survey Research Customer Satisfaction Surveys is simple. Go to Google and type in the sites name followed by “scam, read on more about Survey Research Customer Satisfaction Surveys. As a matter of fact it is the number one reason everyone is being led to the low paying sites in the first place! Search engines are giving people an old worn out list of low paying sites while th ones that pay you well are lost in the 1000’s of search results that pull up. Also see Red Lobster Mystery Shop. Okay that’s great but lets get into the detail of how you go about making money-taking surveys.

A short introduction about yourself will warm customers when they first read your survey. Your intention is to build a good relationship. Therefore, you will need to make the first move i.e. break the ice. It is only right that you claim ownership of your survey. Read on to find out more about Survey Research Customer Satisfaction Surveys. And you can earn good money every month by participating in surveys. Find out more about Survey Research Customer Satisfaction Surveys and Red Lobster Mystery Shop. See the Resource section for forums you can check to see if a survey site really pays.
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Montalbano House is a Guest House in Sciacca, located in Via dei Siculi

If you want to visit the southern coast of Sicily, the town of Sciacca Terme is situated in the middle of the ancient Greek temples itinerary (Agrigento, Selinunte), but even not far from Palermo.

If you want a self catering accommodation I can offer you a spectacular view of Mediterranean Sea.

Montalbano House is on the main beach of Sciacca, Cape San Marco, 30 meters from sea water (32,82 yards). It’s composed of two parts, separated by a private patio.

In the first part, nearest to beach, you will find a little room for washing machine, a kitchen corner and a living room with a comfortable double sofa-bed; in the second one there are a bathroom with a shower and a bedroom with a double bed (plus another bed, if it’s necessary).

There’s a second shower in the patio: this one doesn’t work with hot water but its very useful in summer.

Montalbano House has been renovated this year and it can accommodate from 1 to 5 people.

Rooms are cooled by electric fans in summer and heated by electric heater in winter.

Bed linen, towels, tea cloths, washing up liquid, washing powder, softener and toilet rolls are also provided.

To start you off, you will find a complimentary basket of essentials such as jam, cheese, butter, milk, coffee, tea, buns, orange juice, salt and pepper, organic olive oil, fruit, bread, buns and water.

If you think that Montalbano House is not exactly what you are looking for, click here to visit our catalogue for Hotels in Italy, and make a search for another hotel in Sciacca: we are pretty sure that you can easy find the Sciacca accommodation that can best fit your need for a perfect stay in Italy.

In a previous article we introduced you to the concept of O.P.P., or Other People’s Property.

In that article we asked you what you would do if you found a business that:
* could generate multiple streams of income
* would work in any area of the country
* could be worked both locally and nationally
* could be worked both on and off the web
* would allow you to build your long term net worth
* and, can be started either in your spare time or part time

What we are talking about is a wonderful business that allows you to generate immediate cash flow and also build your long term net worth.

So, what is this wonderful business. Lease Purchasing.

Lease Purchasing is a specialized niche in the field of Creative Real Estate, which allows you to control property without the trouble of ownership; and profit from this. Lease Purchasing affords wonderful benefits and opportunities to sellers, buyers, investors and those who would like to operate a home-based business. Lease Purchasing allows you to control property without ownership and this has benefits for all.

Lease Purchasing provides you with a variety of ways to make money. Some of them are:

You make money with the assignment fee. The assignment fee is the money you receive from selling a contract you have on a property. This will vary depending on the strategy you use.

You can also make money on cash flow. Cash flow is the difference between what the tenant/buyer pays you and the obligation you have on a property. You can also negotiate with the seller for a percentage of the positive cash flow, even if you are using one of the strategies in which you do not remain in the deal.

You can receive money at closing. When the tenant/buyer exercises the option to purchase the property, and if the deal is structured in this way, you can receive money at the closing.

You can create your own, high quality notes, which will give you a very nice monthly income.

You can flip a contract or sell a pure option to another investor and receive money in this manner.

You can consult with buyers and sellers. Sometimes the seller just doesn’t want you in the deal or a buyer wants to do it themselves. In these cases you can consult with buyers and sellers and show them how to do it. You charge a consulting fee to help buyers and sellers with the lease purchasing their property.

Every year, thousands of people get started building their fortunes in Real Estate. It is well documented that Real Estate is the world’s greatest wealth builder.

The niche of Lease Purchasing grants you the ability to reach your financial freedom, with O.P.P., Other Peoples Property. All it takes is the desire to succeed, some time investment on your part and some specialized knowledge.

As you can see, Lease Purchasing comes very close to being the Perfect Home-Based Business. A realistic first year income is $50,000 to $75,000 for someone working full time. You can add $20,000 to $30,000 to your present income on a part time basis.

Don’t you think you owe it to yourself to explore the potential of O.P.P.?

What are you waiting for?

Copyright DeFiore Enterprises 2000

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