While most promissory notes are not secured, a secured one is sometimes available for various transactions. It is the part of a loan contract that details what a borrower secures when the borrower offers collateral to the lender. Although many are not secured, the advantage of a secured one is that the borrower may be [...]
When you finance the sale of a house or investment property, you create real estate notes, which can be mortgage notes, contracts for sale, or land contracts. When you hold these documents, the buyer of that house or property is making payments to you, and now, you want to cash in by selling that contract. [...]
In 2010, there were 18 sales of single family residential homes with a closing price of one million dollars or more in the Louisville luxury home market. Whether or not you consider that a good number or a bad number may depend upon other factors. On one hand, that is 1.5 sales every month of [...]
When the economy went on a downward spiral in the 1930s, we called it The Great Depression. Years from now, what would we call this economic turmoil we are experiencing? Perhaps the Great, Great Depression? We all hope it gets better sooner, but as it is, people are still losing their jobs, money is tight, [...]
Make no mistake about it, the property market is not in a hurry to redeem itself. It seems to be taking time recovering from the hit it took a few years back, as is the general economy that was a collateral damage that exacerbated the crisis. So if you’re one of the people screaming, “buy [...]
Anyone who’s trying to sell house quick or buy property knows that the game has changed. Lenders are tight, house prices are dropping, and well, it just isn’t enough to advertise in a newspaper and stage your house to be able to sell. Nothing has changed the game the way the Internet has. Your advert [...]
To those who are facing foreclosure, or are going nuts trying to figure out how to meet mortgage payments, or dread that time of the month when all those unpaid bills start filling the mailbox again, there’s a solution for you. There are individuals and companies that are in the business of cash for houses. [...]
To get started off, let’s look at pricing first, is the median asking price for Crescent Hill homes for sale headed up or going down? The asking prices for homes in 40206 were right at $205,000 one year ago. Since that time, they bounced up pretty quickly in the spring of 2010, to highs of [...]
Recently, I tackled the job of reviewing the local real estate market for the Highlands part of Louisville. Today, I turn my attention to the St Matthews area, defined by zip code 40207. Oh yeah, I’m only looking at single family homes that are currently for sale, no condos, farms and properties along those lines. [...]
Look around your neighborhood. Do you see “for sale” signs out on the front lawn of every other house? If you don’t, then you and your neighbors are the odd ones out, and you’re lucky. Because in today’s economy, it’s not unusual to see a street lined with “for sale” signs one after the other. [...]
