Real Estate Investing

  MSNBC wrote: Unemployment is part of the reason that foreclosures are now claiming the homes of families that took out conventional mortgages, put 10 percent to 20 percent down and have now lost their income. None of the government’s programs were designed to deal with people in this situation; unemployment was hovering around 6 percent when Treasury enacted Making Home Affordable. On a personal note, I find it hard to believe that no one in the government was able to speculate that unemployment could be a factor in the increase of foreclosures across the country. The Making Home Affordable Program (MHA) was not designed to provide relief for homeowners who owe more than their home is worth — either because home prices have fallen or because the price they paid for their home was based on a fraudulent appraisal, or both. There is no provision in any of the government's programs requiring a lender — or even offering incentives to a lender — to forgive part of the pri...

With the completion of the loan modification we were able to begin the rehab of this property. We decided that the only way for us to get the best tenant and the most rent was to start from scratch. This is the apartment before the renovations.   Click on this link – and you will see the completed renovations. Learn more about D&L Realty and Investments 401.595.1221

With the recent growth of our business we have made some modifications to our company business model to address the quality and level of service we want to offer our clients and business associates. You can read a little more about those changes if you click on the link below. Click This Link To Read More About Us. D & L Realty and Investments was incorporated in March of 2007 with the simple business model to buy, rehab and sell property, but we quickly realized that real estate investing was a little more involved than we expected. We were not doing business in our own back yard, but across the country.   National Foreclosure Prevention Service was incorporated in 2008 and it was created as a necessity to the business we were generating from our wholesale business – D & L Realty and Investments. The homeowner’s we were we meeting wanted to keep their homes and we needed a way to service their needs. RI Home Buying was created to help us advertising and m...

One of my lead sources are Mortgage Advisors and Brokers and they are calling me all the time telling me about a homeowner that called to try to refinance. The borrower is looking for a rate term refinance with good credit scores, excellent debt to income ratios, no late mortgage payments and a steady work history. That is an A Paper Loan we dream about all day so why can’t they get him approved – because his loan to value is too high. Yup, he is upside down and through no fault of his own. Housing prices in his neighbor have fallen do to scattered foreclosure in his area and they can’t get the value they need in the appraisal. Thousands if not millions of homeowners are stuck in upside down mortgages and they are not happy. You have the family that bought their house two years ago and put 20% down to help reduce the mortgage payment and get a better interest rate. That money is gone, the little equity they had is gone and in some cases so is the homeowner. In 2007 the sub-pri...

Much like the Loss Mitigation and Short Sale Business the Debt Settlement Industry is another service that will be in great demand to the average consumer. With the cut in over-time, reduced hours and job loss across the country the average consumer…and more than you think… is struggling to keep afloat. Some adults are taking jobs at retail stores, restaurants and gas stations generally reserved as summer jobs for our children. The real estate market is in one way or another tied to all of our economic problems and with the increase in unemployment we can expect to see more foreclosures before it is over.  Consumer credit card debt is strangling the average American and it doesn’t matter how much money make; credit card companies are increasing interest rates, increasing late fees penalties and in some cases increasing the overdraft fees charged to you when you are late with your minimum payment. Let us not even mention these companies are making it harder to get approved ...

Approved Loan Modifications and Short Sales National Foreclosure Prevention Services has been very successful with the cases we have recently modified and we are always working hard to maintain the highest level of customer satisfaction. Here are some of the Loan Modification approvals we did this year for your review. Click on the links below. Ocwen - Wells Fargo - HSBC - Vericrest Financial - Select Loan Servicing - HomEQ Servicing - American Home Mortgage Servicing We manage several Loss Mitigation and Short Sale cases in many different states and it is important to maintain a constant line of communication with our clients. The Homeowner, the Realtor and the Attorney all have to be notified of any changes and our management system helps us keep in touch with everyone at one time. In June we wrote about the mortgage relief programs the government had established to help homeowners facing foreclosures. Well every month for the last six months we have heard many ...