Mortgage Forbearance on the Decline for the First Time since March

Just prior to COVID-19 shutting down the U.S. economy, the Mortgage Bankers Association (MBA) reported the overall home mortgage forbearance rate was 0.25%. That figure skyrocketed past 3% in early April with the pandemic’s devastating economic impact and has continued on a steep rise as the numbers of newly unemployed Americans surpassed 22 million by Read this Article »

Real Estate Scams Are Expected to Rise Due to Covid-19 Restrictions

Prior to the 2020 arrival of COVID-19, there had already been a steep rise in complaints of cyber-based real estate scams received by the FBI. Now, given the social distancing restrictions that are making face-to-face real estate transactions more difficult to arrange, consumers and businesses should be extra careful and skeptical before handing over personal Read this Article »

Steve Pollack Cover Feature | Doctor, Landlord, Poker Champ, Lender

Steve Pollack’s eclectic climb to the top of a 60 billion dollar industry By Graham Womack for June 2020 Originate Report Long before earning his doctorate in optometry from UC Berkeley, building a successful optometry practice, investing in rental properties, playing professional poker for several years, or building the multi-billion dollar lending company he now Read this Article »

Work from Home Culture Shift Could Ease Housing Inventory Shortages

Housing Inventory in Metropolitan Areas May Improve While no one is celebrating Covid-19’s near takedown of the U.S. economy,  we may see at least one positive impact of the pandemic on American work culture—that is, with more people permanently working from home, employees will likely move further away from the office, easing the housing inventory Read this Article »

Are Enhanced Unemployment Benefits Keeping Rent Payments on Track?

Q2 rent payments came in at close to normal rates When the COVID-19 crisis emerged in the U.S. in March, rent forbearance measures were adopted in many localities to protect unemployed renters from eviction. At the time, landlords braced for major losses due to their tenants electing to skip rent payments for a few months. Read this Article »

House Flip Before and After Photos | Anchor Funded Construction Loans

House flip before and after photos are like a mini quick-study of successful house flipping, and they are so inspiring to see!  It is very motivating to witness how the vision, creativity, and follow-through of house flip investors can transform distressed properties into these fantastic homes. The house flip before and after photos shown below Read this Article »

Values of Single Family Homes Rising During Covid-19 Crisis

Sales of single-family homes have predictably declined in the first quarter of 2020, due in large part to the effects of Covid-19, but home prices have remained solid and are expected to rise in most markets across the country in the coming months. Prices of Single Family Homes Up 8% Over Last Year As prices Read this Article »

Single Family Home Listings Decline as Sellers Wait Out Covid-19

According to Realtor.com’s April 2020 housing data, single-family home listings have declined significantly nationwide since the Covid-19 pandemic, with real estate markets in larger cities being especially hard hit. For homebuyers who are looking to take advantage of record-low mortgage rates,  available inventory continues to tighten due to the pandemic, with many developers pausing new Read this Article »

How to Qualify for Fix and Flip Bridge Loans During Covid-19

What are Fix and Flip Bridge Loans? Fix and flip bridge loans, also known by real estate investors as bridge financing, or gap financing, are short term loans (typically 6 to 24 months in duration) offered by hard money lenders to help finance the purchase and renovation of investment properties. Some hard money lenders offer Read this Article »

House Flip Completion Timelines Expected to be Impacted by Covid-19

Even in the best of economic times, the completion timeline for your house flip can be negatively impacted by contractor scheduling mix-ups, mistakes with materials, and missed delivery dates that wreak havoc on your project calendar, resulting in delays that cost money and take a bite out of ROI. With all of the knowns and Read this Article »