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DC Fawcett Real Estate -How to perform CD Laddering , Why investors need to use an IRA CD , Jumbo CD

Certificate of deposit is a legal agreement where investors deposit money in a bank for a stipulated period of time which fetches significant amount of rate of interest. The time period varies from 3 months to 5 years.DC Fawcett Real Estate

DC Fawcett Reviews-An-exclusive-guide-on-Certificates-of-Deposit

The rate of interest is more if your time period is more than 5 years. Just like jumbo CD, the rule remains the same, the investor is not supposed to withdraw money in between the contract period.

The money deposited in the bank by the investor is used for providing loans to other customer, in other words that’s how funds are rotated in each and every bank.

DC Fawcett has discussed about the basics of certificate of deposit and its types in this article.

  • There is an assurance that the principal amount is insured and there is no chance for losing it which makes this investment safe and less risky. This method is opted by many as rate of interest is offered more for CD than a savings account or fixed deposit in a bank.Dc Fawcett Tips
  • Investors can find banks offering high rate of interest through some research. For example, online banks offer more interest. You can withdraw money within 6 days where you can get your money without losing anything.
  • Money market accounts allow the investors to withdraw money any time but rate of interest is low when compared to a CD and there is penalty fee is not levied. If interest rates are fluctuated, you get the benefit of variable rate of interest in this method.  The flexibility nature makes them more preferable.

Certificate of deposit is the source of funding for money market account.

  • Money market mutual funds are more or less like mutual funds that are used for investment in CD and money market accounts which are sold by bank, brokerage or any financial organization.
  • The interest rate is higher than that of a CD. The borrowing amount is also much more than that of a CD.
  • There are few drawbacks like Jumbo CD, you need to pay penalty if you withdraw money before the date of maturity.  They are not suitable for a constantly fluctuating market.Dc Fawcett Tips 1
  • There is a custom called prime rate where the rate of the certificate of deposit is lower than what they charge for other customers. The premium or classic customers avail this benefit while lending money in order to optimize the profit. The revenue is collected from the interest paid by the borrowers.

DC Fawcett Reviews the different types of Certificate of Deposit (CDs) are available and investor gets to choose one from them.

Traditional CD:

This is the simplest of all the types of a CD. The time period and rate of interest is fixed. At the time of maturity, the amount you receive is a cumulative sum of principal and interest.

Variable-rate CD:

offers an interest rate which is flexible, the investor can get more benefitted than a traditional CD when the rate of interest increases. At the same time, you could get severely affected when there is a decline in the interest rate.

Bump-up CD:

offers a chance to “bump up” to a better interest rate offered by the bank within a particular period of time. You can do either once or twice in the given term.

Dc Fawcett Tips 2Liquid/no-penalty CD:

It allows you to withdraw cash and interest gained before the contract period with a lower rate of interest.

Callable CD:

Your bank will offer a higher rate of interest, but there are chances of calling it off before the contract period which may happen usually either when rates go down or before your term about to get over.

Jumbo CD:

A jumbo CD requires huge capital investment $100,000, you can learn more about in the article published in DC Fawcett virtual real estate investing club.

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IRA CD:

investing a part of the retirement account and you get to avail the tax benefits with low risk.

DC Fawcett Real Estate – Why investors need to use an IRA CD (certificate of deposit)

IRA is an individual retirement account; it is a method of saving money for retirement apart from 401(k) scheme.DC Fawcett Real Estate This plan offers tax breaks which makes this scheme preferable among investors. DC Fawcett explains on how to utilize this scheme efficiently.

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Why investors should prefer IRA?

The IRA is a diversified account of an investor as he/she can make use of this scheme to invest their bonds, mutual funds etc. It can be used as a savings account or CD. There are two types of IRA namely, traditional and Roth IRA. The main difference between both the plans is tax factor.  If you avail traditional IRA, you pay tax when you withdraw in the later stage. In case of Roth IRA, you pay the taxes first and avail withdrawals without tax at the time of maturity. The certificate of deposit offers better rate of interest than a savings account in a bank.  The term varies from 6 months to 5 years. In order to overcome the drawbacks of inflation, the investors have to diversify the portfolio by stocks and bonds.

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Points to be considered while availing IRA

Choose a FDIC -insured bank

  • Not all banks are FDIC insured. Consult a financial adviser who has knowledge about FDIC and the policies. Make sure your funds are accumulated in a FDIC approved bank.

Withdrawal

Know about the perks of withdrawing the amount before the maturity, in case an emergency arises you need to know the amount you will be handed over with.

  • Scammers offer IRA with a high rate of interest in order to bring in more investors, often the new investors fall into this trap as they aren’t much aware about the rate of interest usually offered.

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Benefits of IRA CD

  • A huge sum of money is insured through FDIC  insurance
  • Investors can forecast the maturity amount and plan their retirement accordingly.
  • Establishing an IRA CD ladder is easier than portfolio diversification.
  • IRA CD ladder can save the a whole of fees paid during retirement
  • These funds are accumulated to a tax-deferred account.
  • These accounts can be started easily with or without the help of financial planner.
  • They can be used as an alternative option, for e.g. stocks.
  • Tax deductions can be availed.

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Drawbacks of IRA CD

DC Fawcett complains about the issues faced by the investor when they avail an IRA CD scheme.

  • Many investors tend to diversify their portfolio with stocks and bonds in order to save money for healthcare during retirement
  • Inflation cannot be controlled easily; the money can be withdrawn by losing some percentage of money.
  • The contribution is restricted depending on the age factor.
  • Low rate of interest is offered if they start the scheme at the later stage of retirement.
  • The money is locked for a substantial time and returns are low.

From the review,  we infer that there are both drawbacks and benefits of using IRA CD.  To know more about different types of certificate of deposit, please visit DC Fawcett virtual real estate investing club where blogs are written for investors’ purpose.

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DC Fawcett Virtual Real Estate Investing club – How to use a Jumbo CD

A normal CD (certificate of deposit) will have a denomination of minimum 100,000 dollars whereas Jumbo CD’s have large denominations and investors are getting benefitted by receiving an i nterest for the amount deposited.

In this content, you will find DC Fawcett advising his investors about the usage of Jumbo CD, pros and cons.

DC Fawcett Real Estate-How-to-use-a-Jumbo-CD

 Why are they preferred?

DC Fawcett Reviews about the benefits of jumbo CD. The jumbo CD’s are preferred because of risk-free nature and considered to be a stable real estate investment.  The jumbo CD’s are sold by institutional investors like bank, pension funds.

  • Investors are paid with a sum of money as reimbursement during the contract period as they cannot withdraw money over this period. The longer the time period, the higher the denomination, the higher the rate of interest will be.
  • It is considered to be one of the reasonable options for savings as the investor is bound to receive significant amount as returns. Investors can prefer CD’S over savings account in a bank.
  • The most important aspect of jumbo CD’s is the guaranteed return on investment, though there is a bankrupt or market fluctuates, the investor is assured with the principal amount at the time of maturity.Dc Fawcett Tips 8
  • For investors having high net-worth, Jumbo CD’s are offering an option to segregate the investment into parts and deposit in two banks. The amount which is not needed for next 5 years should be only deposited to avoid penalty.
  • Some banks offer a week or two as the contract period to make quick earnings. They are also called negotiable CD’s because you can sell off the CD to someone else; this option is not available for a normal CD.

Jumbo CD’s

  • They are used as collateral without the interference of the bank. We have already learnt about collateral loans, you can check out the piece of content in DC Fawcett virtual real estate investing club,  the investors must also learn how to prevent from real estate scams  as there are many fraudsters who pretend themselves as bankers and offer loans.
  • Consult with your financial adviser before you invest and ask how much can be invested as well. Learn which bank offers a nominal rate of interest and then invest.
  • The investor complains about the issues faced while using a jumbo CD. If the time period of the deposit is longer as well as the denomination, then high rate of interest have to be paid. It cannot be used for retirement savings.

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They are not suitable in an environment where there constant inflation. To earn significant amount in return, you need to sign up a contract period for a pretty long time.

High penalty fee is charged if the investors wish to withdraw the money before the maturity. When you withdraw too early, along with the interest, a portion of the principal amount is deducted.

The amount of interest you incur at the time of maturity is taxable, so investors who like to pay only less tax will not choose this as an investment option. Not every investor can make such a huge capital investment.

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Dc Fawcett Real Estate – How to perform CD Laddering?

How to perform CD Laddering?

CD (certificate of deposit) laddering has not lost its importance in the real estate market. It has few significant advantages. We witnessed a huge dip in the rate of CD’s over the years which have made the investors to look out for other investing options. Dc Fawcett Real estate  advises the investors to keep investing on CD’s and drastic decline in the prices will not have an immediate effect in your investment. One of the traditional methods of saving money which has not lost its value is CD laddering; let’s discuss the benefits in the article.

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Dc Fawcett – How to use CD’s?

CD’s are also known as term shares or term certificates offered by bank or credit unions. The money is locked for a particular timeframe assigned by the investor. The amount can be renewed once it matures for the ongoing rate of interest. Early withdrawals can be performed with respect to forfeiture.  Longer the term period, better the rate of interest. The time period differs from 3 months to 5 years. One year offers 1 percent APY (annual percentage yield) and 5 year term offers 3 percent insured by FDIC. The interest is compounded monthly or quarterly when investors choose longer term.

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Benefits of a CD ladder

The investor is having full liberty to choose the time period which varies from 18 months to 30 months. The investors yield returns according to the time period of the investment. If the time period is more, the returns will be considerably high.  The amount to be invested is divided into equal parts with different maturity dates. The interest rate is decreased and investor‘s re-investment risks is declined.

The principal amount and interest are the most important factors of this strategy.  This technique will help the investors to get a steady cash flow because of the different maturity dates. Laddering doesn’t lie in any particular category, it is very liquid when you opt for short –term and illiquid if you opt for long term-CD. This method helps the investor to do frequent re-investment, whenever the CD matures; he /she can re-invest for another term.

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This technique assures there would be no fraudulent or suspicious activity records, it is almost scam free. Real estate investor’s earn potential returns and it can be maximized depending on the frequency of the CD. It offers more benefits than a money market account; the insured nature of the CD ladder makes every investor feel secure. There is no restriction in frequency and quantity of a CD ladder, though you need to qualify for a minimum deposit. The risk can be prevented by choosing the ladder length appropriately. Assign different maturity dates so whenever rates decline, there won’t be huge impact.

The short ladders are more beneficial than long CD ladders. Longer ladders are considered to be aggressive because longer maturities have greater risk when the interest rates rise.  From this review, we find that CD laddering is one of the safest ways to invest money for a long term.

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Dc Fawcett Real Estate – Benefits of Timber frame in condos and town homes

Benefits of Timber frame in condos and town homes

We have already seen how brick homes are sold and the standard quality maintained all these years when constructing a property.  DC Fawcett Real Estate explains the investors about using a timber frame in the construction of properties in recent times.

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Timber beam homes

Construction time is quick, prefabricated timber frame takes less time than a traditional home built using bricks. Usually, it takes seven to ten days to bring a team of experts specialized in this type of construction to the site. The work can be done only weather conditions are perfect. Extreme weather conditions are not suitable. It is a dry construction process; the moisture has to be stabilized after it is weather tight. The walls are clad used during board containing a dry plaster. The land should be in dry condition. Structural insulated panels are used for air tight construction which makes a home efficient. Vulnerable to pest attacks.

How timber frame can be used in condos and town homes?

Timber frame influence in real estate is relatively high; it has a significant contribution to properties like steel and brick homes. To sell a home fast, sellers need to construct homes being eco-friendly. Timber frame has insulation capacity and the walls are thin. The timber structure is known for its thermal performance. They prevent moist air. The heat resistant capacity is another exclusive feature which you can highlight while selling the home.

These timber frames can be used in condominiums and town homes as these homes lack sound-proof quality and privacy is not ensured. To minimize loudness, properties can be constructed using timber beams. Dense materials are used to reduce the sound. The party wall is the separating wall in town homes; the sound can be muted by using timber frames.

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Dc Fawcett Real Estate Reviews About Timber Frames

Advantages of timber frame

  • The timber frame is rot resistant. The cladding is well-protected. Insects cannot attack this cladding, provided moisture content is less than 20 percent. You can prevent from fungi.

  • The properties built using timber frame are fire proof

  • Strong and durable, the properties remain strong for even a century. It can protect from extreme weather conditions and natural calamities.

  • Renewable nature
  • For winter, these homes are preferred as the timber frame structure protects from coldness with its moisture content. People frequently turn on and off the heating to maintain the warmth in winter. It gives an aesthetic appearance.

  • Low maintenance
  • Few interior walls are possible.
  • Porches, decks, and patios timber log cabins are designed for outdoor areas to adorn the lawn.

    Dc Fawcett Tips 15

Cost of timber beam homes

It is considered to be slightly higher than steel and bricks. The design is mostly pre designed. If you want a bespoke design, consult an architect. Customized design is quoted with fixed price. Hire skilled carpenters to do repair work. The cost varies from 150 to 175 dollars per sq.ft.

A basic timber-frame home costs $200-$325 per square foot, $300,000-$650,000 for a 2,000-square-foot home. Home appraisal takes few to several weeks. Approach lenders who have prior experience in handling timber frame condos and town homes; else you become a victim for the scam as many scammers are fooling the first-time home-buyers.

Where can you find timber beam homes?

Minneapolis is known for timber frame homes. They use age-old methods having an open floor plan, high ceilings and beams are crafted. The cathedral beauty of timber frames can be seen in historic monuments which are still strong after several centuries.

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Apart from that, you can use for constructing single-family homes, farm house and resorts near the shore.  The timber frame is preferred by the investors for their second homes or vacation homes. The baby-boomers also love this structural cladding for their retirement homes.

We infer that timber has both advantages and disadvantages through this review. To learn more about cladding, visit DC Fawcett real estate virtual investing club.

Conclusion:

DC Fawcett is a real estate entrepreneur come trainer, helping all real estate fervents to achieve their goals by means of his seminar and camps. In addition, he also teaches how to develop a real estate business and produce different income streams.The investors must be aware of scams that may happen when you invest a large amount in a organization, so take preventive measures and invest in a reputed bank.

DC Fawcett virtual real estate investing club has a blog which talks more about absentee landlordism, so tenants who are in need of more solutions can read the blog to tackle the tough situations.

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DC Fawcett Real Estate -How 401(k) and IRA schemes are beneficial for investors?

What is 401(k) plan?

401(k) plan is a scheme for employees for the purpose of salary reduction. It can be done on post-tax/ pre-tax basis. DC Fawcett Real Estate The benefit of this scheme is the employees can include profit-sharing feature.

The total amount accumulated is tax-deferred. The salary contribution has a limit which is given by internal revenue service (IRS). The maximum amount that can be contributed is 18,000 dollars. 12 percent of the salary can be saved which is considered to be low for retirees.

There are some hidden costs like trustee fee, book keeping fee and some legal fee. It is an illiquid form of asset as the money is locked and cannot be withdrawn until the investor reaches a particular age.

There is forfeiture if the money is withdrawn earlier before the contract period terminates. There is only one allowance that is the investor is allowed to withdraw money under certain situations from this scheme provided he or she pays back within the given deadline.

Since 401(k) is alone not sufficient for retirement life, IRA (individual retirement account) should be opened and funds should be deposited every now and then.

DC Fawcett Reviews -How-401(k)-and-IRA-schemes-are-beneficial-for-investors

How IRA can be used?

DC Fawcett put forth his reviews on how to use IRA and nominating the beneficiary. You can nominate a person who will be eligible to receive the fund after your demise. It is called adding an IRA beneficiary.

IRA is the outcome of 401(k), because when you are an employee the company offers 401(k) scheme which becomes IRA in the future. It is called rollover. In this process, the funds are transferred from 401(k) to IRA.

The primary beneficiary receives the funds being the first nominee. Only if primary beneficiary passes away first, then the IRA is subjected to probate process, the decision is taken by the court.

The judge will give the verdict about to whom the money should be given to. This process is time-consuming and expensive. To avoid this, the contingent designation power is used, where second beneficiary is nominated who will receive the funds if first one passes away. Adding multiple beneficiaries is not possible.

How Roth IRA influences real estate?

DC Fawcett explains the positive aspects of Roth IRA to the investors. Roth IRA is a better investment strategy than 401(k) retirement plan. The best thing about the scheme is it is tax-free.

The investors who want to invest on real estate in the retirement period by buying a property or living in rented apartment needs money. For this Roth IRA is recommended.

Apart from that, the other benefit is self-directed Roth IRA offers the opportunity to invest on real estate or gold which is a form of expanding the investment boundaries.

Investors are allowed to withdraw money without forfeiture. So when you are facing a financial crisis, this money can save you from getting disabled completely. There is no age bar to withdraw money which is yet another advantage.

This scheme is scam free, so investors can take up this plan to use for retirement purpose.

From this review, we infer that Roth IRA is more flexible and has more advantages than 401(k). To learn more about retirement plans, visit DC Fawcett virtual real estate investing club.

CONCLUSION:

DC Fawcett helps people to learn what’s working best in the real estate market and how to grow in real estate investment business. He does this job efficiently with his proprietary virtual real estate investing systems.

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DC Fawcett Reviews –Second Mortgage , Reverse Mortgage

Second mortgage is usually a loan taken after the first mortgage which are usually taken to pay the debts, improve financially, to make payments on first mortgage, to make house repairs, education and medical expenses and to avoid private mortgage insurance DC Fawcett Reviews .

It is usually characterized by higher rate of interest than first mortgage and amount that is allowed to borrow is based on home equity.

The time period of second mortgage ranges from one year to 20 years, when the term is shorter; the monthly payments are quite high.

DC Fawcett Reviews -Ways-Of-Obtaining-Second-Mortgage

They are of two types namely fixed rate and home equity line of credit (HELOC) and investors prefer latter because the rate of interest can be fixed for certain period of time for the corresponding second mortgage value and then the rate can be adjusted for remaining period of time.

This scheme has maximum borrowing limit where the borrowers are allowed to withdraw money for the entire lifetime of the loan.

Eligibility for the second mortgage is same as the first mortgage where a new home appraisal is required as well as the duty of the new lender is to check for the borrower‘s financial status whether to finance the loan or not. The other factors to be checked are low debts, employment history of the borrower and equity of the first mortgage.

Approaches of getting second mortgage:

  • Bank
  • Mortgage broker
  • Online lender

Benefits of using second mortgage:

  • Borrowing large amount
  • Low interest rates compared to personal loans
  • Tax deductions are possible

DC Fawcett reviews states the following drawbacks are encountered while availing second mortgage

DC Fawcett Virtual Wholesaling - second mortgagaes

  • The foreclosure is possible can be done by a second lien holder when borrower fails to make monthly payments. At that point of time, the first lien holder requests the second lien to remove the entitlement of the property and goes for a settlement with the borrower. Then necessary actions can be taken by seeking the court, to make legal procedures and verdict would be borrower is bankrupt.

 

  • There is no closing cost but it is rolled into cost of the loan, so the borrower anyway pays the amount in other way.

 

  • When you sell off the property, the borrower should pay off second mortgage loans or transfer to a new mortgage

Second mortgage scams are of 3 types and investors should be careful enough not to fall in trap.

  • Balloon payment (a repayment of the outstanding principal sum made at the end of a loan period)

 

  • Voluntary insurance ( lenders may ask to buy a new insurance scheme which is unnecessary)

 

  • Prepayment penalties: it is always better to prepay and finish off the loan. The penalty charges and accusation of lenders is wrong.

 

DC Fawcett Real Estate – Benefits and drawbacks of using Reverse Mortgage

Reverse mortgage is applicable to senior citizens who are 62 years or above to avail loan without selling the house and retains the property ownership. This method helps the old people to stay in their home after the retirement and bank pays the monthly mortgage to the lender DC Fawcett.

DC Fawcett -Benefits and drawbacks of using Reverse Mortgage

Once the borrower relocates or passes away or when entire property is sold out; the amount has to be settled to the lender. Reverse mortgage is the last solution during the mortgage crisis where borrower is free from mortgage interest and loan amount.

It is applicable when the borrower earns minimum income and all financial expenses have to be dealt preventing from foreclosure. The method is used to fund the senior citizens who want to increase their income as their house is considered to be their largest asset after retirement. The 3 qualifying factors to avail loan are age of the citizen, value of the property and interest rate.

Dc Fawcett Reviews states the advantages and drawbacks of using reverse mortgage

Pros:

  • Disbursement option (i.e. you can either take checks every month or take a lump sum from the bank

 

  • Senior Citizens continue to live in the same home and entitled to have property ownership

 

  • The reverse mortgage funds can be used to pay the existing mortgage loans

 

  • Heirs of the senior citizens are not legally answerable if the loan amount due exceeds the property value and can avail home equity after paying reverse mortgage loans.

 

  • Tax free revenues and low interest rates

 

Cons:

  • Taking a lump sum to cash out is not a good idea as it results in annuity.

 

  • Not suitable if there are younger members in a family /joint family system

 

  • Value of the property may decrease

 

  • Insurance premiums like FHA and other fees are quite expensive.

 

  • Decrease in equity resulting in less amount left for heirs of the senior citizen

 

  • Should reside in the same house until all property taxes and insurance premiums are paid, else it results in foreclosure.

DC Fawcett advantages and disadvantages of second mortgage

 

Reverse Mortgage scam is usually in form of misleading information like economic stimulus notice, government lending division, FHA house benefit program which falsely state that the heirs of the senior citizens will continue to inherit the house.

Dc Fawcett has given his solutions to on-going complaints received from the investors regarding reverse mortgage. They are,

  • The lender is entitled to take the property ownership which is absolutely not true, the ownership remains with the borrower.

 

  • The loan may exceed the property value is also false; the reverse mortgage scheme ensures that the heirs will not have more loan value at time of maturity.

 

It may lead to eviction is not true, the time of leaving the home is absolutely borrower’s choice.

DC Fawcett Real Estate Views On Mortgage Payments And Foreclosure

What is a mortgage transaction?

A mortgage transaction occurs when one is unable to pay the entire amount while buying a house and requires a loan to make the rest of the payment. DC Fawcett A mortgage is a legal document where the property is held for security. Borrower and lender are the two persons involved in the transaction.

A legal agreement is signed between the lender and borrower stating that he/she is in debt and responsible to pay the amount within the stipulated time. Failing to do so, the lender gets the property until the borrower pays the rest of the amount. The legal agreement is called promissory note.

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What is a foreclosure?

Foreclosure is a legal process where one loses his/her home due to nonpayment of mortgages. It is applicable when the borrower does not pay his installment for 3 months. It is valid up to 10 years of time period which makes the condition worse for the future lenders to select him/her as the borrower. It is a seriously depressing issue when one loses his/her home through this process, thus steps must be taken to prevent it from happening. If needed, the support can be taken from reliable agencies to solve the issue.

Causes of foreclosure:

*financial crisis

*loss of job

*medical expenses

Procedure of foreclosure:

The lender should send a prior notice (i.e. 30 days before) to the borrower stating that the payment should be made immediately which is due; else the property will be transferred in the lender’s name.

There are two types of foreclosure namely judicial and non judicial

  • Judicial foreclosure is entirely supervised by court; they send a legal notice to the borrower that payment has to be made else the property will be sold in auction for the highest bidder after the auction.

 

  • Non judicial foreclosure which does not involve supervision of court, the foreclosing party specifies the amount due and sends a notice to the borrower.

DC Fawcett Mortgage Payment and Foreclosure

Deficiency judgement

This situation occurs when the amount to be paid to the lender is more than the property value. But the borrower is free from his debt once he pays the difference amount only.

Types of Foreclosure scams:

Consultant companies are usually involved in these scams. The ways in which fraudulent scams may occur are

*via internet or telephone

*loan transaction

*lender scam

Dc Fawcett has stated his reviews on how to overcome when there is a shortage of mortgage payments. They are

*Modify the existing loan, in addition to that there must be a certain proof that the borrower is undergoing financial crisis and own a proper household name.

*Forbearance

*Selling the property

*Giving out for rental purpose where the amount is equal to mortgage payment

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Conclusion:

DC Fawcett who is a renowned real estate mentor is the founder of DC Fawcett Virtual Real Estate investing club.  The investors who are interested in buying second home or in process of making large investment by taking up second mortgage can have a look at his blog to know more about it.

DC Fawcett has presented several ways on how to overcome mortgage issues and foreclosure. His virtual real estate investing  club  contains blogs where investors from anywhere in the world can submit their trades before investing his/her capital which would also help other traders from different backgrounds to know the ongoing real estate scenario better.To master the art of virtual real estate wholesaling, the interested investors can join DC Fawcett Virtual Real Estate investing club to know more about reverse mortgage.