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Showing posts with the label power of sale

Private Mortgages - Are They Good Investments To Make Me Money?

  With interest on bank saving accounts yielding little return many folks hear others talking about how they are getting high returns from investing their money in private mortgages. You look at your saving accounts and returns and begin to wonder - is this something I should look at?   You wonder why would a person not go to a bank for their mortgage? Sometimes good people who have worked to keep their credit in good standing run into problems:   - a person loses their job and needs the mortgage while they are between jobs   - a person has a recent bankruptcy, consumer propsal or collections and regular lenders will not look at      them for at least 2 years   - a mortgage is up for renewal and they do not qualify for another one because the debt level is too high     compare to the total income  - perhaps a divorce or separation has occured  - a person was forced to find another job but at a lower salary  - a lender has called the mortgage in and is foreclosing on a