E-Loan cofounder starts new Internet lending site Chris Larsen, co-founder of Pleasanton, Calif.-based E-Loan, which was bought by Puerto Rican bank Popular last year for $300 million, has launched a new online loan venture, reports say.
Prosper.com is a kind of eBay for loans, an online marketplace where lenders bid to provide loans to borrowers, according to reports. Like other Internet businesses that eliminate the middleman, its proposition is that everyone involved reaps the rewards of lower costs; borrowers get better interest rates than they'd pay on credit cards or bank loans, and lenders earn more interest than they would from money-market funds or savings accounts, accounts say.
Monday, March 13, 2006
ABAWatch.org and RESPA Guides
Colorado probe of real estate business partnerships, a source alerted to ABAWatch.org, a watchdog site for affiliated business arrangements. The site includes definitions and descriptions of ABAs and discussion boards, though it looks as if the last comments were in March 2005. (Note: Affiliated business arrangements among real estate service providers are legal under the Real Estate Settlement Procedures Act, known as RESPA, as long as certain guidelines are followed and companies disclose their relationship to consumers.) Another online venue that might be of help to real estate professionals trying to figure out how to stay out of trouble: HUD's guide to RESPA.
Sunday, March 5, 2006
TIPS ON BUYING PROPERTIES
TIPS ON BUYING PROPERTIES
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Be Persistent! Can't find what you are looking for today? We add new inventory daily. The most successful investors view many properties before finding the right investment. Your hard work may pay off in a huge savings!
Available Property: Foreclosures.com is the most current and comprehensive data source for distressed properties on the Internet today!
The Best Source: With 100's of thousands of homes offered annually, we are the largest & most comprehensive database of Real Estate Nationwide.
Your Future: Investing in Real Estate may be one of your most financially rewarding experiences. Whether this is your first real estate purchase or you are a seasoned investor, buying a property can give you instant savings and equity in your home.
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