THE HANDBOOK OF REAL ESTATE TRANSACTIONS
WITH
THE CAUSES AND REMEDIES OF FORECLOSURE PAINS
(A B S T R A C T)
The Handbook of Real Estate Transactions with the causes and remedies of foreclosure pains is a great book for people to have and read in preparation for
any real estate dealing. Since almost everybody lives in a home or a house, it can be said, without fear of contradiction, that almost all the adults in
the country are members or potential members of the real estate industry. The main purpose of this handbook is to investigate why the financed home
mortgages are unnecessarily high, thereby causing a lot of foreclosures and foreclosure pains.
The first chapter introduces other chapters and the remaining contents are grouped into parts one and two. Part one covers chapter two to seven while part
two starts with chapter eight. Part one emphasizes what to do to succeed with real estate transactions and part two lays emphasis on the causes and
remedies of foreclosure and foreclosure pains. Further, the real estate mortgage financing is examined in details. The study analysis includes vital parts
of the real estate industry, purchasing contracts, and contract documents. Also, home investments are analyzed and constructive recommendations made. This
is necessary because the costliest investment a family makes is usually the purchase of a home. The emphasis on home purchase leads the writer to evaluate
the importance of home ownership, the need for a home, purchase boom periods, proportion of all real estate components or types and the ordinances and
agreements for the acquisition of the land on which real estate homes and houses are erected. Further, the advantages and appearances of single family
homes, duplex homes, apartment buildings, apartment complex, town houses, and luxury condominiums are analyzed and exhibited in details.
The next few chapters discuss the plans and actions needed “Before” “During” and “After” mortgage financing. Also, it is emphasized that some practical
ideas and acquired knowledge
are necessary for making educative and guided decisions concerning financing, especially during a trickle, recessed or depresses economy. Moreover, credit
ratios, interest rates, ratio testing and credit judgment are fully explained and a careful reader will notice the various types of frauds being practiced.
The result highlights will lead you to learn the types and effects of real estate frauds, practice real estate negotiation techniques, discover types of
mortgage products, and understand ways to avoid foreclosure.
-2-
Part two open methodically and shows the consequences, remote with immediate causes, and the remedies of foreclosure. Investigation reveals that mortgages
are over-priced because most of them are padded with money to take care of the risk of foreclosure. On the other hand, if a home owner completes a year or
more, without going into foreclosure, the padded money is not returned to him or her, instead the excess money is treated as a profit. This is an unjust
profit or robbery. It is sad to know that some of the unjust actions against home buyers are supported by government rules and regulations. For instance,
buyers are ill-favored by the rules and regulations concerning mortgage pricing, mortgage insurance, mortgage interest rates, and so forth. Also, home
buyers pay for four different types of insurances to protect lenders . Even the government Private Mortgage Insurance (PMI) which protects lenders is paid
for every month by home buyers. If a foreclosure happens, the government pays the lender and the foreclosed home owner who has been paying monthly for the
insurance gets nothing. Subsequently, he is evicted to the streets with his or her family to suffer the foreclosure pains. Later, the handbook suggests the
remedies for the remote immediate and future foreclosure and foreclosure pains. Some early readers have called this handbook “The Dictionary of Real estate
Finance Deals.”