Clay Sparkman After many years of holding relatively firm, the real estate market in the Pacific Northwest may be in trouble. The following informative piece was printed yesterday at Business Insider. Make sure to follow the “Check out how bad Oregon has become” link and the 14 slides that accompany the article. http://www.businessinsider.com/oregons-expanding-foreclosure-rate-could-make-it-the-next-california-2010-2 What does […]
Posts Tagged ‘private money loans’
Top ten clues that you should probably pass on a particular loan offering
Sunday, February 14th, 2010Clay Sparkman I thought it would be nice to publish something just for fun today. I rather enjoy doing these TOP TEN lists, but I try to avoid doing them very often for fear that it will look like this blog is purely for my own self-amusement. And of course to a certain extent this […]
Ten crucial steps in reading an appraisal
Wednesday, February 3rd, 2010Clay Sparkman The crucial thing that you must understand about any appraisal (or other real estate valuation instrument) is that it is only as good as its logic. So that—in other words—you must never accept an appraisal’s conclusion regarding value without looking beyond the surface to understand the logic that leads to the conclusion and […]
What exactly do you want me to do for you?
Wednesday, January 20th, 2010Clay Sparkman When evaluating loan requests, this is the fundamental question: what exactly do you want me to do for you? It is impossible to count the number of times that I have receive loan packets or proposals that didn’t include a loan summary or any clear description of the request. The process of evaluating […]
Won’t somebody please call a plumber … the banks are clogged
Tuesday, January 5th, 2010Clay Sparkman One of my dear good readers sent the following e-mail in response to my last post, Home strippers coming to a neighborhood near you. “Good topic Clay. Now forgetting about us private lenders, the conventional lenders continue to be their own worst enemies. They persist in bringing the properties to the city hall steps at […]
Home strippers coming to a neighborhood near you
Tuesday, December 29th, 2009Clay 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 […]
Trust deed lending – ten mistakes you should never make and ten mistakes you must never make
Saturday, December 19th, 2009Clay 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 […]
