Fairfield Financial Services, Inc. - Private Money Loans, Lending & Borrowing

Archive for December, 2009

Home strippers coming to a neighborhood near you

Tuesday, December 29th, 2009

Clay Sparkman
Okay, so I was told that if I wanted to get more people to read my posts, I need to utilize attention grabbing headlines.  (How am I doing so far?)  Now I’d like to see a show of hands, and please be honest here, as this is purely for scientific purposes and the results [...]

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Trust deed lending – ten mistakes you should never make and ten mistakes you must never make

Saturday, December 19th, 2009

Clay Sparkman
Okay, first the ten mistakes you should never make:
(1)    Never close a loan without title insurance.
(2)    Never close a loan on property that has valuable structures without a valid hazard insurance policy in effect listing you or your entity as loss payee.
(3)    Never close a loan leaving property taxes unpaid (unless you are fully [...]

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Commercial real estate tsunami?

Sunday, December 6th, 2009

Clay Sparkman
There has been quite a bit of talk in 2009 about the possibility of a meltdown in the market for commercial real estate.  I came across some statistics recently that were quite astounding in support of the idea that a wave of commercial defaults is coming.  It is estimated, apparently, that there is currently [...]

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