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The Learning Center

News - Commentary

Real Estate Investing Advice

By Tom Kelly
Reduced fees for reverse mortgages
The checkered beginnings of reverse mortgages made them a difficult sales proposition to seniors. In the early years, some programs gave the lender a bigger ...
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'Pivotal' year ahead for reverse mortgages
Former FHA Commissioner Brian Montgomery, who oversaw the nation's most popular reverse mortgage product for nearly five years, sees a "pivotal" yea...
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'Shadow inventory' concerns re-emerge
One of the biggest unknowns in the housing industry is "shadow inventory." That term describes the number of homes that would be on the market if c...
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Fannie Mae offers special REO financing
Have you tried to get financing for a second home lately? Just lost an investment property because a longtime lending source was unable to find a loan to fit ...
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Calculate cash flow for second home
Let's assume home values are down in the area where you like to vacation. Truth be told, you wouldn't mind retiring there one day.

If you bought an inve...

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Vacation-home site hones in on buyer trends
Nearly 30 years ago, our family purchased a small cabin on a mountain lake. The intent was to give our kids a few carefree memories in the sun, similar to the...
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Persistence pays off in hunt for vacation home
For some unknown reason, I used to take some time leading up to Father's Day to visit and explore some possible places where kids would enjoy spending vacatio...
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Tax credit extends into 2011 for some in military
A new law could provide an attractive housing option for many families near and around many military bases and shipyards.

While the biggest federal ince...

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Some homes don't qualify for 1031 exchange
Mention the term "second home" to a dozen people and half will probably tell you that it is also an "investment home." That's because many...
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Closing a seller-financed deal takes skill
Many of today's borrowers, even those anticipating a smooth refinance, are having difficulty qualifying for a loan on their principal residence. Homeowners be...
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Refinance with a twist
In a recent column we discussed the challenge that first-timer homebuyers face in accumulating funds to purchase and fix up a home. One of the suggested solut...
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Home-sale contests trigger alarm
There have been several different methods used to advertise home sales via an essay contest -- neighborhood fliers, church bulletins and newspaper classifieds...
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What to expect at a real estate auction
Not all real estate auctions are sad and anxious moments synonymous with desperation and bankruptcy. For years, auctions have been a convenient, private and e...
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How to spot loan-mod fraud
Equity skimming, illegal property flipping, foreclosure rescue scams -- and now, say hello to the newcomer on the fraud block: The home-loan modification scam...
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Find 'forgotten' tax break for first-timers
Most potential homebuyers are well aware of the federal tax credits available before June 30, 2010, but few first-time homebuyers are aware of another subsidy...
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