DEFINITIONS

 

JOINT OWNERHIP

Joint Ownership is a creative approach to a Real Estate transaction that links a Real Estate Investor with a home Buyer who can afford a monthly mortgage, but may not have enough cash for a full down payment. These two entities can be brought together with several benefits.

The first benefit is that a Buyer gets the opportunity to own a home and build up his/her own equity. Second, a huge benefit for Investors is that they are able to get a rate of return that exceeds Mutual Funds. Another benefit is that an Investor is able to invest in the Real Estate Market without becoming a property manger. For more information about Joint Ownership, visit “Future of Real Estate”

 

LEASE OPTION CONVESRSION PROGRAM

The basic Lease Option is a conditional sale of Real Estate, where the Buyer and Seller agree to terms and conditions, today, for a final purchase result that will take place at a later date. Basically, a Lease Option is a contingent sale with specific terms that must be carried out at the end of the established time period of the contract. The Seller must be able to provide good title to the property, and the Buyer must be able to get a loan, or be able to purchase the property as agreed upon in the contract. 

The Lease Option Conversion Program raises this success ratio, because it combines the Lease Option with a Joint Ownership (Equity Share), making the success ratio approximately 70% versus the usual 30%. For more information about the Lease Option Conversion Program, visit ““Future of Real Estate”

 

CONTRACT OF SALE

A Buyer who doesn’t have a 10% to 20% down payment, excellent credit, or the capability to close on Real Estate today, can still get into the Real Estate market with the current discounted values. The benefits to a Buyer are tremendous. Buyers with good income can purchase today with all of the tax benefits of “Home Ownership.” This allows a Buyer time to rebuild his/her credit, save up the necessary money, and have time to adjust to the market so he/she can achieve “Home Ownership.” 

The benefit to the Seller is that all costs associated with the property are covered by the Buyer, eliminating negative cash flow. For more information about Contracts of Sale, visit “Future of Real Estate”

 

SHORT SALE

The Short Sale approach is a sales transaction, subject to the Lender’s approval, in which the Lender consents to a sale of the security interest in a property for less than what is owed on the note, and accepts the proceeds in full satisfaction of the loan amount.

The Short Sale, in different variations, has been around for over 20 years, but, because of the drastic affect with the sub-prime loans, Lenders are now willing to work with the discount process.

The Equity Share Group has successfully facilitated numerous Short Sale transactions.  For more information about Short Sales, visit “Future of Real Estate”

 

FORECLOSURE

A Foreclosure protects the Lender/Investor’s interest in his/her real property and is an action used to protect a Real Estate Investment. Laws, and the necessary documentation, vary from state-to-state. The Non-Judicial and Judicial Foreclosure:

Non-Judicial Foreclosure is a right, in states that use a Deed of Trust and Note as security on a property, to take action in order to protect your obligation (Deed of Trust and Note). The rules and laws are defined as to what you can and can’t do under the process.

Judicial Foreclosure is a right, in states that use Mortgages as security on a property, to take action in order to protect your obligation. The rules and laws are defined, as to what you can and can’t do under this process.

The Equity Share Group has a sister company, Network Foreclosure Services, that can handle all types for Foreclosures. For more information about Foreclosures, visit “Future of Real Estate”

 

BANKRUPTCY

Whereas, the Foreclosure laws vary from state-to-state, the Bankruptcy laws are Federal.  Bankruptcy is available to all people, corporations and other entities. The laws of Bankruptcy have always favored the Debtor, versus the Creditor.

Creditors, secured and unsecured, have certain rights. Debtors must follow the rules, accurately, list all monies owed, and must be honest with intent. The Debtor cannot sell his/her property to avoid listing it as an asset, with a certain time period of the Bankruptcy filing. For more information about the types of Bankruptcies, and the rules and regulations that must be followed, visit “Future of Real Estate”

 

1031 TAX EXCHANGES

One of the few remaining avenues through which Investors can build wealth, without the burden of paying taxes, is the use of a 1031 Tax-Deferred Exchange. 

A 1031 Tax-Deferred Exchange is the sale of one or more properties held for productive use in a trade or business, or for further investment. The Seller/Exchanger must acquire other Investment Property, or properties, resulting in one continuous investment. 

The Equity Share Group has a sister company, Network Exchange, that has been in business for many years and has handles every type of 1031 Tax Exchange. For more information about 1031 Tax Exchanges, visit “Future of Real Estate”