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Real Estate Financial Services

Canadian Financial Services and Ontario Real Estate Exam Preparation

Canadian Regulatory Exams Preparation, Study Guides and Study Tools, including: Canadian Securities Course® (CSC®), Investment Funds in Canada ...

How a Condo Association Could Kill a Sale

Homeowners’ dues go toward maintenance and upgrades , as well as premiums on a master insurance policy. Lenders want to ensure those dues sufficiently cover not only routine expenses but also any major outlays for repairs or unexpected expenses, such as a damaged roof, says Peter Grabel, managing director of Stamford, Conn.-based Luxury Mortgage. Lenders like to see reserves equal at least 10% of the annual budget, he says.

Another red flag for lenders: developments where more than 10% of units are owned by one investor, says John Walsh, chief executive of Milford, Conn.-based Total Mortgage Services. If the investor defaults on financing or monthly dues, the condo association’s budget could fall apart. That investor could also sell his or her units suddenly at fire-sale prices, depressing property values of the entire development, he adds.

If a condo association has insufficient reserves, it may have to raise dues or charge residents a one-time assessment, Mr. Walsh says. This surprise financial hit could compromise borrowers’ ability to pay their mortgages. Or worse, a large assessment might lead to a property value reduction.

Financial Services Reform Efforts Slow Moving, as Lawmakers Turn to Fight on Terrorism Financing; SEC to Hold Open ...

, Focuses, like many of the items on the Republicans’ agenda, on fostering a “pro-growth” climate within the U.S. economy. The measure seeks to end taxpayer-funded bailouts of large financial institutions, relieve banks that elect to be strongly capitalized from “growth-strangling regulation,” impose tougher penalties on those who commit fraud, and require greater accountability from Washington regulators. Key changes the Financial CHOICE Act aims to make include:

Repealing the Financial Stability Oversight Council’s (FSOC) authority to designate systemically important financial institution (SIFIs), as well as any previous SIFI designations;

Placing all financial regulatory agencies “on a budget”;

Subjecting the Federal Reserve’s prudential regulatory and financial supervision activities to the Congressional appropriations process;

Repealing the Volcker Rule; and

Real Estate Financial service?

I have a concept for a financial real estate service and I would like some feedback on whether or not it could work.

Say someone has owned their home for several years and own a large amount of equity in their property "lets say $65,000".

It won't work. For the sake of clarity, lets assume the house was purchased for 165k and the owner has, as you say, 65k in equity. The third party investor is supposed to buy the house for 165k? Why would anybody do that, where is their profit?