The article reported that CoreLogic released its Home Price Index which concluded the top five states were Nevada (19.3%), California (18.6%), Arizona (16.4%), Hawaii (14.6%), and Idaho (13.5%).

The first loan of $207,600 is secured on a duplex in Chula Vista, CA.  The borrower acquired the property from a probate sale.  The property requires interior and exterior cosmetic updates.

The second loan of $180,000 is secured on a residential property in Oceanside, CA.  The property was heavily damaged by fire and smoke.  The borrower intends to complete a full renovation on the interior and exterior of the property.

THOR Financial specializes in financing short term hard money loans for investors flipping homes.  Our experience and strong capital position allows us to fund fix and flip loans quickly.

Contact Brock VandenBerg at (888) 868-THOR for more information regarding our hard money lending programs.

Click Here for a list of recently funded Fix & Flip loans.

To get you up to speed about this new tax legislation, the National Association of Realtors has developed an informational brochure.  We have provided a link to the brochure below.

The brochure will provide insightful information on different scenarios in which this new tax — passed by Congress in 2010 with the intent of generating an estimated $210 billion to help fund President Barack Obama’s health care and Medicare overhaul plans — could be relevant to you.

Understand that this tax WILL NOT be imposed on all real estate transactions, a common misconception. Rather, when the legislation becomes effective in 2013, it may impose a 3.8% tax on some (but not all) income from interest, dividends, rents (less expenses) and capital gains (less capital losses). The tax will fall only on individuals with an adjusted gross income (AGI) above $200,000 and couples filing a joint return with more than $250,000 AGI.

National Association of Realtors – Informational Brochure

This unbiased, comprehensive educational seminar will offer valuable insight for both new and seasoned Trust Deed investors.  In addition, this event will also provide in depth information on utilizing a Self Directed IRA to invest in real estate.

We will cover such topics as:

• What is a Trust Deed?
• How to maximize returns while minimizing ris
• How to locate Trust Deed investment opportunities
• Utilizing a Self-Directed IRA to Invest in Trust Deeds

Why should I attend?  Investing in Trust Deeds can offer a long term investment strategy that provides high yields and consistent monthly cash flow.  By attending, you will obtain a comprehensize understanding of how to correctly structure a trust deed investment to obtain the greatest security and maximize yield.

Click Here to reserve your seat today or to learn more about our event.

Below is the list of Fix & Flips loans funded by THOR Financial:

La Mesa, CA – $240,500
Santee, CA – $231,000
Lakeside, CA – $211,250
La Mesa, CA – $211,250
San Diego, CA – $130,000

Contact THOR Financial today to learn more about our Fix & Flip lending options at (888) 868-THOR.

The report concluded that 49,026 Notice of Defaults (NoD) were recorded in 3^rd quarter 2012, which was down 10.2 from the prior three months and 31.2% from the same period last year.  The report also suggested that banks and homeowners appeared to have preferred a short sale rather than a foreclosure as the number of short sales rose 22.9% from the prior period.

Interesting Statistics:

• The most active beneficiaries in the formal foreclosure process during the last quarter were Bank of America (8,061), JP Morgan Chase (6,713) and Wells Fargo (5,780).
• On primary mortgages, California homeowners were a median eight months behind on their payments when the lender files the Notice of Default. The borrowers owed a median $16,414 on a media $315,000 mortgage.
• Mortgages were least likely to go into default in San Francisco, San Mateo and Santa Clara counties and most likely to go into default in Madera, Riverside and Yuba counties.
• Homes foreclosures last quarter took 7.9 months to complete the formal foreclosure process, beginning with a NoD.

Link to Article:  California Foreclosure Activity Lowest Since Early 2007

Both loans are secured on residential properties in La Mesa, CA and Santee, CA.  In each case, the Borrower intends to complete interior and exterior renovations and reintroduce both properties to the market within six months.

THOR Financial specializes in quickly funding residential Fix & Flip loans.  Our long track record of successfully funding transactions has made us the leader in short term hard money loans in California.

Contact Brock VandenBerg today at (858) 613-0111 x3 to learn more about our lending programs or visit www.thorfinancial.com.

For more information on this transaction or THOR Financials lending programs, contact Brock VandenBerg at (858) 613-0111 x3.

www.THORFINANCIAL.com

The Borrower approached THOR Financial seeking immediate financing for the Subject property in order to acquire a second Fix & Flip opportunity.  THOR quickly structured a loan that met their immediate requirements and funded within 3 business days.

Contact THOR Financial at (888) 868-THOR to learn more about our lending programs.

www.THORFINANCIAL.com

The Borrower had been working on this REO asset for nearly 6 months before getting their offer approved.  When the offer was accepted, the Borrower was required to move quickly to close.

THOR Financial structured the loan that provided the Borrower sufficient funds for the acquisition, six months of interest reserve, and funds that covered over 50% of the renovations.

Contact Brock VandenBerg at THOR Financial today at (888) 868-THOR to discuss how we can help you purchase your next Fix & Flip.