Dc Fawcett Real Estate – Housing loans and special privileges for disabled investors

Home ownership is a dream for every investor and the purchasing power differs from each person depending on the financial status. There is a community of real estate investors with disabilities who are offered certain privileges; DC Fawcett has written a review about how to get home ownership if the person is either mentally or physically challenged. In this article, you will find the financing strategies provided to disabled investors.

he federal government offers certain special schemes and loans for these people to make their home ownership dream come true.

• There is a rule that landlords cannot deny selling or renting their homes to disabled people nor set special rules and regulations. All must be treated equally like a regular tenant. They cannot disqualify them as non-potential buyer.
• People with disabilities may request changes in policies, practices, and services so they are able to access, use, and enjoy equal access to housing.
• Landlords and housing providers should fulfill the requests of the buyers at all stages of the housing process and they have all the rights to ask for structural modifications that will provide them comfort.
• They can depend upon the Office of Fair Housing and Equal Opportunity (FHEO), which was started to protect the rights of all home buyers and individuals.
• The Equal Credit Opportunity Act and Consumer Credit Protection Act is to make sure that financial institutions offer money to all the investors irrespective of sex and no discrimination is made based on person’s abilities.

Financing for disabled

The money is borrowed from a mortgage lender, bank, or credit union after an initial down payment is made by the borrower to purchase a property.

• The mortgage lender should not restrain him from lending money if the borrower is disabled.
• There are governing bodies who have framed guidelines that protect the rights of the disabled people; in case the lender denies in providing mortgage; the investor can seek the court and claim his rights.

Programs for Home Buyers with Disabilities

• Homeownership Voucher Program

HUD offers money for disabled investors and ensures that their monthly payments are made on time as well as mortgage loans are sanctioned without any problem. The HUD counselors help out in this program and make necessary arrangements to fulfill the requests of the investor.

• Supplemental Security Income

The Social Security Administration started this program to help old people who are above 65 years old and disabled people. The maximum term for the ownership is 10 years; they take care of all the basic needs of the investor.

• Federal Programs

Special grants are provided exclusively for veterans with disabilities. This program has been framed based on the income of the investor.

• The USDA offers financial assistance for elderly, disabled, and low-income community investors residing in multi-unit apartments. This program ensures that these individuals can make their rent payments on time.
• FHA loans are provided by the federal government which is preferable by the investors as they are scam

To know more about home ownership, housing loan schemes and other privileges for disabled people, check out the articles in virtual real estate investing club written by DC Fawcett who has been a guiding force for all the investors.

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DC Fawcett Real Estate -Types of Comm ercial Real Estate Leases

It is quiet natural to feel a bit overwhelmed if you are wading into the world of commercial leases as a newbie and this perplexity exists not only with regards to this type of lease, but by every different terms that are thrown about.DC Fawcett Real Estate

Having said all that, as a matter of fact, they are not as intimidating as they sound, this piece of writing will decode all of them for your easy understanding. So, without further ado, let us get into them.

• The gross lease-

• Often used and associated with single tenant, multi-tenant office buildings, they are also applicable for industrial and retail properties, most importantly for those with seasonal income fluctuations.
  

• With a better percentage lease, it allows their rent to rise and fall with income. Fixed rents are collected by the landlords and the expenditures are paid out of them.

• Seeing that the costs add to, over time, the gross and full-service leases will contain escalation clauses that amplify over time to counterbalance tax increases and high costs involved in insurance, maintenance, and other miscellaneous expenses. As a leaseholder or tenant, one should clearly understand the escalation clause to project rent expense into the future.

• The triple net lease-

• Classified under the category of turnkey investment, in this lease structure the occupant is responsible for paying all operating expenses related to a real estate property.

• In order to have a better understanding of triple net (NNN) lease, a clear understanding of the spectrum of commercial real estate leases is required.

• In general, all commercial real estate leases fall somewhere along a range either with absolute net leases or absolute gross leases, anything which falls between the two is known as hybrid lease.

• Having said that, there is always a misconception with this particular lease type and i.e., many of them think that the NNN lease offers a lot of advantages, while that being true, there is no denial about the risks that this lease has to put forth.

• Hence even the risks involved should be taken into consideration. Uncomplicated labels like triple net, full service, or modified gross, usually used by brokers and landlords, will habitually clash with the exact terms of the lease.

• The modified net lease-

• The modified net lease has found the middle ground between the gross lease and the triple net.

• The landlord and occupant usually set up a split of the janitorial expenses along with the maintenance which exists in a different form, while the occupant agrees to pay taxes and insurance.

• In this type of lease, utilities would also be negotiated. Often popular with industrial, retail or multi-tenant office properties, this lease type is highly flexible which makes things easier between the tenant and the landlord.

Now that you are aware of the types of commercial real estate leases, it is highly imperative that you understand about the legalese completely before you sign a commercial lease.

Hope you found this article helpful, stay tuned to this site to make wise real estate decisions.

If you wanted to invest in real estate but perplexed on making decisions, take the guidance of DC Fawcett, a real estate connoisseur who has mastered the art of wholesaling, rehabbing, and cash flow investing in virtual markets.

Conclusion:

Assisting people throughout the course of their real estate journey, he will help you become skilled at investing concepts and guide you how to grow through his proprietary Virtual Real Estate Investing systems.

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Dc Fawcett Reviews – How does Escrow payment work for selling a home?

Introduction

Escrow

An escrow is a contractual financial arrangement, where more than three people involve in the process of completing a payment transaction upon completion of the agreement.  Between the two persons involved in a transaction, there comes an escrow company which is the third party that holds and regulates remittance of the funds required for two parties. This process guarantees a secure transaction by keeping the imbursement in a secure escrow account. The amount is only released when all of the terms and conditions of a contract are met and it is confirmed by the escrow company.

In simple, the escrow company acts as the most trusted third party in monetary transactions makes them safe and secure. It collects the amount, holds, and disburses the same only when both the seller and buyer are satisfied.

How it works?

• Buyer and seller agree to a pre-defined set of terms.
• Buyer pays the escrow company
• The seller will ship the merchandise to the buyer
• Buyer accepts the product ordered
• Escrow pays the seller

The escrow period usually lasts between 30 to 60 days and sometimes it depends on the merchandize that needs delivery, that being said, it can be less if you pay all cash too (this will be explained in the latter part of the article). By this means, both the buyer and the seller will not have the concern of being stuck in the middle of the transaction or what to do next. You can log into your escrow account and check for the status and you will be updated as of exactly where you are in the transaction process and if there is anything that is required from your side- as simple as that!

How escrow works in real estate?

Several real estate connoisseurs often get bewildered when it comes to knowing how Escrow payment work for selling a home, this will not be the case anymore. Let us get down to the brass tacks of it. As far as escrow in real estate is concerned, four people come into play, i.e. buyer, seller, lender, and borrower. Having said that, the escrow instructions will be in writing to sign and deliver. When a broker is involved in this scenario, he/she will provide with the necessary information for the escrow’s document preparation. In conjunction with the escrow instructions the escrow officer will process the same and when all conditions are met, the transaction will be closed. Even though, there is a similar pattern, the escrow differs in some respects, seeing that it deals with your property and the transaction at hand.

Listed below are some of the duties of an escrow holder and it includes:

• Following the commands given by the principals (buyer, seller, lender, and borrower) and parties to the transaction in a well thought-out manner
• Maintaining the documents and handling the funds in conjunction with the instruction
• Paying all bills and maintaining them as endorsed
• Responding to authorized requests from the principals
• Closing it when all terms funds in agreement with commands and provide an accounting for same
• The closing or settlement statement

Conclusion:

DC Fawcett is the creator of Virtual Real Estate Investing Club. You can get to know about what’s viable in today’s real estate market scenario here. DC Fawcett is very active in his real estate deals including rehabbing houses, wholesaling etc.

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