|
|
|
|
|
Read all the latest Buying Investment Property News
here. |
Current Featured Article is :
Raising Cash with Subordination & Substitution of Collateral
by William Bronchick
Subordination and substitution of collateral are two fancy real estate techniques that can be used to raise huge sums of cash from real estate.
In order to understand subordination and substitution, you must first understand the basics of mortgages. A mortgage (also called a "deed of trust" in some states) is a lien placed on a property as collateral for a loan. Unless otherwise stated, mortgages are "first in time, first in line." A first mortgage is a desirable position, since a foreclosure on a mortgage can wipe out all mortgages that are behind it (called "junior lien holders").
Subordination
Subordination is asking someone who holds a mortgage (or deed of trust...
[ Read Full Article Here ] |
|
| Most Popular Real Estate Investing Related Categories |
|
Real Estate Investing Related Web
Sites |
|
|
Read all the latest Real Estate News
here.
Read all the latest Foreclosure News
here.
E-mail This Site to a Friend Deals on Electronics
|
© Copyright 2008 Buying Investment Property
This site contains links to other sites on the
Internet. These links are provided for your convenience. Links to another site
do not constitute approval or endorsement of that site or its products or
advertisements.
No warranties or representations are made as to
the accuracy or completeness of the information contained on this web site. This
information and the products and services are provided "as is" "as available"
without any warranty of any kind, either expressed or implied, including but not
limited to, the implied warranties of merchantability, fitness for a particular
purpose, and non-infringement. |
|