SoCal Mortgage Company provides a highly individualized level of service for
clients seeking residential or commercial mortgage financing. Due to current economic conditions
SoCal Mortgage Company is experiencing a notable increase in borrowers that require “Private
Financing”, or “Hard Money”. This type of real estate loan is based primarily on the equity of the
subject property. This situation, caused by the “credit crunch” has created an excellent investment
opportunity for individuals seeking a higher than average rate of return for their investment
portfolios. Our investors experience a high level of personal attention from Owner / Broker Mike
Richardson, who has 37 years of experience in commercial banking and real estate finance. SoCal
Mortgage Company interviews borrowers and determines if their situation would qualify for an
investor funded private loan. We work with appraisers to ascertain the current property value. We
also use several computer-generated data banks that can give us valuable information pertaining
to property values, and community property trends. Occasionally an appraisal may not be ordered
if it is determined that the subject property has an obviously favorable equity position relative to
the proposed loan. A loan escrow and title policies are opened for each transaction. Once the
required documentation is available, the loan documents are produced and signed by the
borrower. At that time we will contact investors and discuss the investment opportunity. Once
loan funds are received from investors the loan is funded and escrow is closed. All trust deeds are
recorded with the county recorders office and a title policy is obtained for each loan. When the
borrower makes a monthly interest...
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... offer:
• Attractive return – current interest rates are 9% to 13%
• Short investment commitment, between 1 to 3 years
• Less risk – each investment is protected by the real estate equity
• Greater Stability – fixed interest payments do not experience market fluctuations
Mike Richardson, the owner/broker of SoCal Mortgage Company has over 37 years of
commercial property finance experience. His reputation is spotless among the
commercial real estate financial community. As a commercial banker for over 30 years,
and as a licensed mortgage broker, Mike Richardson has always placed reputation and
integrity ahead of all other business considerations.
We are always looking for qualified investors. To learn more about trust deed investing
please call Mike Richardson at 310.375.7622.
CitiBank Building
3812 Sepulveda Blvd. 310
Torrance, CA 90505
310.375.7622 off
What are the major reasons investors purchase mutual funds as reported to the Lawrences by the Financial Advisor?
Equity Stripping: The lender makes a loan based upon the equity in the debtor’s home. If the debtor cannot repay the loan, the home goes into foreclosure.
In existence is $150,000, specifically set aside for the purchase of distressed real estate. This essay will outline a detailed strategy ensuring a maximum return in regard to the financial investment made on the home. Including a description of distressed real estate and foreclosure in addition to how utility can play a role in the decision-making process.
that does the paperwork. The bank wasn’t prepared for the amount of work being send to
"Who Should Invest With Us - Edward Jones: Making Sense of Investing." Edward Jones. Web.
Enter Dan’s longtime friend Mike Roth. Mike, an investment broker with a track record of using an aggressive philosophy to grow a brokerage firm
"Home Owners Loan Corporation." Next New Deal. Roosevelt Institute, 2014. Web. 16 Mar. 2014. .
While traditional wealth management firms have their experts invest their client's capital, The Midas Legacy gives members a financial education, encouragement and lessons from successful traders and investors so that their members can make their own decisions. People who want their own business, those who want to buy and sell stocks and potential real estate moguls can choose their own path to wealth, with research services from The Midas Legacy helping them make wise choices. The Midas Legacy believes that anyone can learn the secrets of building wealth and then take charge of their financial
11. The Plaintiffs received no notice of the alleged sale of our loan from MSIII to Allquest. Other than the Allonge that is not affixed to the loan docs, there is
This case begins with a couple that live in San Francisco, CA by the name of the Werner’s they obtained a 170,000 dollar loan on their house. The Werner’s had some friends another couple, the Suttons, one day the Werner’s proposed to the Sutton’s in regards to their house that if the Suttons’ were to put a $15,000 down payment toward the purchase price of their residence in which they were asking $185,000 for and pay the first five years of the mortgage and property taxes with the option to at any time purchase the residence. The Sutton’s agreed to this offer and both parties agreed on the terms orally. So in the beginning the Sutton’s paid the down payment and cash equal to the monthly mortgage during this time the Sutton’s had improvements
(i) in the case of the property relinquished in the exchange, the 2-year period ending on the date of such relinquishment, and
i.e. 8 years after closing of the loan and 6 years after funding of the loan
William Sharpe, Gordon J. Alexander, Jeffrey W Bailey. Investments. Prentice Hall; 6 edition, October 20, 1998
.Given the choice between two investment properties—both 3-bedroom, 2-bathroom, 1,700-square-foot single family residences listed at $125,500, one a turnkey in Stockton, California, and the other a fixer-upper in Chapel Hill, North Carolina—and the singular goal of turning the maximum profit on my investment, I would choose to purchase the Chapel Hill home. Because I believe that the listing price of that property is lower than its true value, and because I expect a growing real estate market to increase the value of the home by 10 percent over the next two years, I think that with an additional investment of $50,000 in renovations and a two-year buy-and-hold rental strategy, I could flip the Chapel Hill home for more than $180,000 in profit.
Real estate investments and transactions represent a major part of people’s wealth. The average American has about one-third of their net worth tied to real estate market and when considering the size and scale of the market, real estate can be an attractive and lucrative market for any looking to invest. The real estate market can be volatile, ever changing and unpredictable. However, fundamental knowledge and a basic understanding of the factors that influence changes in the market; may help to see market trends as well as navigate through real estate cycles.