Monday, November 5, 2012

Overview of Real Estate Finance


What are some major employers related to real estate finance?  What specific jobs can you get in real estate finance?  What are some real estate finance trade organizations? How are real estate financial markets performing? Foreclosures?

A huge proportion of global financial assets are connected to real estate. Real estate finance encompasses a large variety of potential careers. The industry offers a broad scope of opportunities in commercial, corporate, and residential financing. Many professionals often use their experience to form a career path that leads to becoming a successful real estate entrepreneur. 

One of the most predominant and lucrative practices involve investments in income-producing properties. Some of the wealthiest people in the world have made it to the top through investing in real estate. One article reads "Out of the Forbes 400 Wealthiest People, real estate has created more millionaires than any other investing vehicle." The article suggest real estate may be one of the most promising vehicles to establishing financial freedom. Owner and Chairman of the Irvine company, Donald Bren, tops the wealthiest real estate investors with an estimated net worth of nearly 12 billion. The article goes on to list the other names that make up the list of the top 10 wealthiest real estate investors.
http://epicprofessionals.com/the-10-richest-real-estate-investors-in-the-u-s-a-an-infographic/
This puts it into vivid perspective there is much to be gained in this business. I think it is clear the key to success in this industry is figuring out exactly how to not eliminate, but manage risk. These investors understand there a multitudes of risk that must be accepted to gain reward, but successfully managing them is key.

An interesting note on the current foreclosures happening:

Many homeowners were affected by the recent hurricane, hurricane Sandy, on the upper east coast this season, and Fannie Mae is making efforts to help:
Mortgage Assistance
Fannie Mae is working directly with mortgage servicers to offer special options for those impacted by Hurricane Sandy (or other natural disasters). Eligible homeowners with a Fannie Mae loan who are experiencing difficulty paying their mortgage may qualify for a:
  • Forbearance that can suspend or reduce your mortgage payments for up to 12 months if you live in a FEMA declared disaster area.
  • Suspension of legal actions in process (i.e., foreclosures) in federally designated disaster areas.
The full details of their news released is found on their website: http://knowyouroptions.com/relief



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