A short while ago, I pronounced P2P lending dead. Annihilated. Massacred by Wall Street bankers. Choked by a Black Rock. Then, I heard from Dara Albright, co-founder of LendIt, the largest peer-to-peer lending conference in the world.
When the US Justice Department announced last August that it was levying a $17 billion penalty against Bank of America for its role in bringing on the mid-2000s housing crisis, pundits said the sheer size of the fine would make all banks take notice.
It's the revolutionary multi-billion-dollar industry nobody's heard of, and it's killing credit card debt for hundreds of thousands of consumers. It's not only disrupting, but completely undressing the traditional credit model.
Now that spring is here, many homeowners are looking to begin their next home remodeling project. Whether you're redoing the patio or finally putting in that new pool, you should remember that the value added from renovations differs widely based on a number of factors.
In today's increasingly competitive real estate market, understanding the appraisal process cannot be overstated. Although appraisals are one of the most important parts of the home buying process, they are often one of the most misunderstood.