When I was ten years old and working as much as a ten-year-old could at my dad’s gas station in Mulberry, Arkansas, I had the opportunity to mingle with many older men from many walks of life. Most were farmers or ranchers, and the winter was slower for them than...
One of the most unique properties I ever owned was on Tangier Island, Virginia. Nestled on the northeastern side of Chesapeake Bay, Tangier Island is accessible only by ferry, boat, or plane, making it a secluded and special place. In 2010, Odell Barnes reached...
In about 2012, I met one of the best Realtors in my career. She lived near Atlanta, Georgia, and told me about a failing subdivision she had listed for sale. We bought all the homes and lots in this subdivision. The homes were in various stages of completion, but we...
Selling or keeping your mortgage note is a personal matter, and the answer always depends on needs, timing, and preferences. Let’s delve into a real-life example for perspective and understanding. Selling a Note A client of American Equity Funding was interested in...
A crucial step when creating a mortgage note is deciding whether the borrower or lender willassume responsibility for paying property taxes and insurance premiums. Establishing an escrow(impound) account for a loan offers the advantage of monitoring tax and...
