If you’re a pre-foreclosure investor, having short sale funds available to finance all of your deals is the perfect investor solution to take advantage of today’s booming foreclosure market.

In the current economic climate there is no income, no cash, and no credit required. You can obtain funding to close all of your deals in 48 hrs!

With the sub-prime mortgage debacle, and the recent tightening of the credit markets, you have no doubt noticed how much more difficult it is to acquire financing for almost any real estate deal these days.

In the past, plenty of hard money options, along with double closings and simultaneous closings made closing REO’s and Short Sales a breeze.

However, with the credit crunch, mortgage fraud, and tighter restrictions with lenders and title companies, closing on Real Estate Acquisitions isn’t as easy as it used to be.

However, there is still one very simple and easy way to close your REO, and Short Sale transactions without using double closings, hard money, income verification, none of your own cash, No AAA credit, No simultaneous closings, or even the over complex land trusts.

That method is using back-to-back closings to get all of your short sale deals closed and funded on time. Back to back closings take a short sale deal and turn it into two separate and distinct transactions.

The first transaction is the homeowner facing foreclosure selling to the pre-foreclosure investor. The second transaction is the real estate investor then selling the property to the end retail buyer.

However, even if you are using a back to back closing, and your end retail buyer has secured their funds, what makes this work is that you need to secure your own funding, as the real estate investor.

So where do you get this funding of your deals? This is often called transactional funding, and today, there are many lenders making these types of loans. Lenders love transactional funding, because they are only lending for a period of a few hours, and this represents zero risk to the private investor’s cash.

With the end buyer’s loan already approved and in place, two separate and distinct transactions take place on the closing day. The first is the investor purchasing the short sale deal from the distressed homeowner.

This is funded by the transactional funding company. Immediately after this transaction has closed, the investor is then turning around and immediately selling the property to the end buyer.

The end buyer is using funds obtained by him through a traditional loan, or cash through lenders like Upperhouse Mortgage. Most conventional lenders today won’t have any issue funding these loans.

The only such exception are FHA loans, which at the time of writing this article, have a 90 day seasoning requirement. However, as the real estate market changes, and the housing market remains volatile, it is very possible that the FHA might change its guidelines.

Transactional funding is the perfect way for pre-foreclosure investors to fund their short sale deals in today’s foreclosure ridden market. There are plenty of choices for funding companies, all willing to fund these simple, easy short sale transactions.

However, one of these companies will even pay you a hefty commission to find deals for them up to $50 Million Dollars. You find it, they buy it, and you get paid a hefty commission. There will never be a better time for you to “Think And Grow Rich” in Real Estate!

Upperhouse Enterprises, Inc. has been in the real estate industry for over 32 years, specializing in creative financial structures, and prides itself on ethical, honest behavior, with integrity. Let us show you how to secure Short Sale Funds or Conventional Financing!

Article Source:http://www.articlesbase.com/real-estate-articles/how-to-get-short-sale-funding-856272.html

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Located near Sicamous, British Columbia and in breathtakingly beautiful surroundings you will find Shuswap Vacation Homes. Vacation homes where you can find the comfort of your own home. Homes that you will want to have in the family for making memories year after year. Or, homes in an affordable city with low property taxes where you can invest for your families future.

Shuswap Vacation Homes are located in beautiful, lush surroundings near Shuswap Lake. Enjoy boating, skiing, canoeing and fishing. Take advantage of rock climbing, snowmobiling, horseback riding, bird watching and just leisurely days taking in the breathtaking beauty. Visit artists galleries, go shopping and treat yourself to meals out at nearby restaurants. You can even take a day trip and visit Calgary or Vancouver. At Shuswap Vacation Homes you can do as much or as little as you want. It is your home and you make the choices.

Sicamous is a growing vacation destination. In these times, it provides for the perfect setting to begin a new business, invest in real estate or invest in your family without elevated costs. Shuswap Vacation Homes would be a perfect opportunity to earn extra income by leasing to vacationers wanting to experience the beautiful surrounding of British Columbia. Or, it is that opportunity to invest in a vacation home for your family to experience year after year and build lasting memories in an environment that you can make feel just like home.

Everyone agrees that the opportunity to spend time with family and friends is what life is all about. Shuswap Vacation Homes provides a beautiful landscape for that. You will enjoy spectacular sunrises every morning and beautiful sunsets every evening at Shuswap Vacation Homes. All of the time in between is up to you to fill in as much or as little as you please.

To know more about Shuswap Vacation Homes in the Shuswap and Mara lakes region, please visit Shuswapvillas.com.

Article Source:http://www.articlesbase.com/real-estate-articles/shuswap-vacation-homes-856561.html

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As the current recession continues to clamp down, more and more Americans are facing homelessness. Whether they’ve become homeless due to foreclosure, or whether they’ve lost their jobs and are now on the streets, there is a rising tide of homeless people that are seeking shelter in so-called “tent cities.”

From Seattle to St. Petersburg, and Sacramento to Nashville, tent cities are appearing in surprising areas. No longer connected just with major urban centers, modern shanty towns are popping up in more rural areas and on the outskirts of cities.

In addition to more shanty towns being created in recent months, pre-existing tent cities have also experienced surges in their resident populations. Emergency housing shelters—particularly in areas like California where the climate is moderate—have seen a major influx of people seeking their services, so much so in fact, that hundreds of people are being turned away every day.

When asked recently about tent cities and the increase of homelessness in America, President Obama said, “I’m heartbroken that any child in America is homeless. And the most important thing that I can do on their behalf is to make sure their parents have a job. Part of the change in attitudes that I want to see here in Washington and all across the country is a belief that it is not acceptable for children and families to be without a roof over their heads in a country as wealthy as ours.”

Homelessness is nothing new in the United States; even when times are good our major urban centers struggle with homelessness. Thanks to the recent economic downturn however, more people than ever face the very real prospect of living on the streets.

Some have argued that tent cities are on the rise because of the record number of foreclosures happening around the country. Most however, believe that the foreclosure crisis is having more of a trickle-down effect rather than creating instant homelessness.

People who lose their homes to foreclosure typically are able to turn to renting as their first option. If they’re still employed, their situation isn’t totally dire, as they can still support themselves and find accommodations. Unfortunately, a rush of former homeowners entering the rental market can cause the rental rates to climb, which can make living in an apartment unreachable for lower income tenants. Those pushed out of the rental market have options like finding roommates or suites to rent, though a large number end up staying in motel rooms or other temporary accommodations. If motels become too expensive or overcrowded, then shelters and the streets are their next stop.

This trickle down effect has been happening with great rapidity of late, as the number of layoffs occurring is overwhelming the system. Two-income households are being reduced to one, and single income families are being reduced to nothing. Those who’ve been laid off face an extremely tough job market, where it can take up to a year to find something new.

It is the economic climate as a whole that is adding to the homelessness problem, not just foreclosures. Decreased property values and upside down mortgages have certainly added to our present situation, but it is the employment outlook that desperately needs to be brighter. Otherwise, there will be a fresh wave of Americans who can’t find jobs or shelter, and must resort to living in tent cities.

Job loss, death of a spouse, mental illness, medical problems, and drug addiction are a few things that can lead to homelessness. Add to this the massive financial problems we’ve seen in this country, and you’ve got a recipe for modern American shanty towns.

No one can expect to eliminate homelessness completely, but it’s important to make a start. Especially in communities where vacant properties outnumber the homeless, something in this country is out of whack. Homelessness needs to be tackled at its root level, and for those who’ve only recently become homeless, job creation and economic stimulus are a large part of the answer. By seeing tent cities spring up across the nation, it’s clear that things are getting serious for many people. It’s important that we all view the homeless as people deserving of respect and perhaps a little compassion—because one day we might join them.

The Affinity Group is a prominent name in Denver real estate, with agents specializing in working with both buyers and sellers of real estate throughout the Denver area. Visit JakeMarsh.com for details about their services, property listings, and information about their service areas, including downtown Denver Colorado real estate.

Article Source:http://www.articlesbase.com/real-estate-articles/american-shanty-856821.html

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