CP Property Solutions

CP Property Solutions

148 Main Avenue North

(next to the theater)

Twin Falls, ID 83301

208-733-7444208-733-7444/208-358-1270208-358-1270

Wednesday, September 10, 2014

Mortgage applications lower, rates tick higher

Mortgage banking activity during the holiday-shortened September 5 week slid to its lowest level since way back in December 2000. MBA's composite index fell 7.2 percent in the week with the refinancing component down 11.0 percent and the purchase component down 3.0 percent. The purchase index is closely watched in the housing sector and the indication is clearly negative with the year-on-year rate steady in the week at minus 12 percent. The average 30-year mortgage rate for conforming loans ($417,000 or less) rose 2 basis points to 4.27 percent. Distortions tied to Labor Day may be at play in the big weekly declines, but trends in this report were already pointing down.

Wednesday, September 3, 2014

U.S. mortgage applications rise in latest week


Applications for U.S. home mortgages rose last week as interest rates declined, an industry group said on Wednesday.

The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 0.2 percent in the week ended Aug. 29.

The MBA's seasonally adjusted index of refinancing applications rose 1.4 percent, while the gauge of loan requests for home purchases, a leading indicator of home sales, fell 1.5 percent.

Tuesday, September 2, 2014

U.S. construction spending hits highest level in 5-1/2 years

U.S. construction spending rebounded strongly to hit its highest level in more than 5-1/2 years in July as private construction increased and state and local government outlays surged, in a further sign of vigor in the economy.

Construction spending increased 1.8 percent to an annual rate of $981.31 billion, the highest level since December 2008, the Commerce Department said on Tuesday.

CP Property Solutions Note Purchase Options:

Whether you are looking to sell part of your Mortgage Note, Deed, or Land Contract, or if you would like to cash out your Note in its entirety, we have numerous programs that can help you with your immediate cash needs.

  • Full Purchase - The purchase of a Mortgage Note in its entirety
  • Partial Purchase - The purchase of a specified number of future payments
  • Split Payment Purchase - The purchase of a specified monthly amount
  • Mortgage Notes
  • Deeds of Trust
  • Land Contracts

We purchase Mortgage Notes, Deeds of Trust, and Land Contracts. We also purchase mortgages on the following property types:

  • Single Family Residences
  • Multi-Family Units
  • Mobile Homes
  • Condominiums / Townhomes
  • Land (improved and unimproved)
  • Commercial Properties
  • Seller Financed Business Notes

We offer several options if you would like to sell your Business Note payments. These options are designed to meet your immediate and future financial needs.

PURCHASE PARAMETERS OF BUSINESS NOTES

We are very aggressive in the purchase of Business Notes. The following are the basic criteria that we look for in Seller Financed Business Notes.

  • All Business types considered
  • First Lien positions only
  • Personal guarantee of payer
  • 30% down payment by purchaser (smaller down payment in some cases)
  • 3 months of seasoning (less seasoning in some cases)