Cummings is one of my favorite R.E. authors.
He is very thorough. This one has chapters on conventional and creative financing, tax exchanges, land development, discounting mortgages, sale-leasebacks, how to get started and even dealing with foreclosure. Table of contents is very thorough and makes it very easy to go to the exact page you want to to find specific information. He is good with the numbers and doesn't leave much to the imagination like many authors do.
Handbook of Real Estate Lending
Provides information and describes
methods by which to calculate a numerical
risk score for each real estate loan
in a portfolio that can be compared
to an optimal baseline, construct
meaningful monthly reports on problems
loans and the best of possible actions,
make unbiased and error-free loan
assessment based on a new knowledge
of the acquisition process, prepare
graphs showing each loan's performance
trends, forecast potential loan performance
and quantify the judgement, construct
proactive action plans, and perform
other tasks expected of real estate
loan officers. Annotation c. by Book
News, Inc., Portland, Or.
Trust Deed Investment in California
For the person who is interested in
really learning how to invest in Trust
Deeds, this is without a doubt the
best guide you will ever find. George
Coats' coverage of this subject is
very thourough and complete. I have
been investing in trust deeds for
some years, and luckely found this
book shortly after it was written.
It has been my bible ever since. The
laws may be somewhat different in
other states, but the principals and
guidelines he provides are wonderfull.
This book has helped me to avoid may
pitfalls in making private loans.
Required reading for anyone interested
in this subject.
Home Equity Lending Industry: Refinancing
Mortgages for Borrowers With Impaired
Credit Book Description This
book provides the first systematic
study of the home equity lending industry
from a public policy perspective.
Home equity lending--refinancing mortgages
for homeowners whose credit ratings
do not meet the normal underwriting
standards of prime lenders--has grown
rapidly during the past dozen years.
But this form of lending is not very
well known or understood outside the
industry itself. "Home equity
lenders take greater risks than conventional
prime lenders," notes Weicher,
and they incur higher rates of delinquencies
and defaults, and higher servicing
costs. Hence, they charge higher interest
rates. But because of the risks and
uncertainties involved, this form
of investment is not for the faint
of heart. To increase understanding
of this rapidly growing industry,
Weicher identifies the demographic
and economic characteristics of borrowers;
mortgage rates and terms compared
with those on prime loans; origination
and servicing costs; rates of delinquency
and default; and the costs incurred
by real estate owned due to foreclosure.
The book provides a sound foundation
for investors, public policymakers,
and the general public interested
in this fast-growing segment of the
Mortgage Loan Brokering & Lending
This text is ideal for people
studying for a real estate licensee,
individuals seeking to enter the mortgage
loan business and for those already
actively working in the industry.
Key topics of coverage include appraisal,
credit agencies, title and escrow,
and computer programs used in the