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Cash Is Dead! Long Live Cash!

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(This essey was written by President and CEO John C. Williams of the Federal Reserve Bank of San Francisco)

It is often said that cash is king. But a quick glance at the register in stores and restaurants might make you think the king is on his deathbed. Increasingly, customers are finding other ways to pay for things, whether it’s credit, debit, ...

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ON The Air with Cary Long

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Listen to Cary Long’s latest radio interview as he discusses:

  • The state of the housing market
  • Home Value Discussion
  • Private Money Lending
  • How to Invest in Private Mortgages

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Zombie Foreclosures: Borrowers hit with debts that won’t die

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Borrowers are discovering that their foreclosed homes are coming back to haunt them — long after they have moved out.

In these “zombie foreclosures,” borrowers move out after their bank schedules a foreclosure auction only to learn months or years later that the auction never took place or the bank never transferred the deed. That means the borrower still technically owns the house and is on the hook for property taxes, fees and homeowners’ association dues.

Since the housing bubble burst seven ...

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What is Private Lending?

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Shad Long, Chief Investment Officer with Verdeo Capital, a Sacramento area private money lender answers the question “What is Private Lending?”

  1. What is a Private Money Loan?
  2. Who qualifies for a private money loan?
  3. What if I have negative credit or credit blemishes?
  4. What is an Exit Strategy?

Unlike conventional institutions, Private money comes from individual investors who invest in real property. Borrowers who find themselves with negative credit situations, ...

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Qualifying For, Getting Into & Out of a Private Money Loan

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Cary Long, Chief Executive Officer with Verdeo Capital, a Sacramento area private money lender answers questions about Qualifying for, Getting In & Out of a Private Money Loan.

  1. Do I need to prequalify for a Private Money Loan?
  2. How Do I get the process started?
  3. What if I have credit blemishes?
  4. Are there any pre-payment penalties?
  5. How long does it take to close my loan?

Cary reviews the answers to each of ...

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