All Forum Posts by: Bobbie Bebereia

Seems the neighbors could have cut you some slack calling the cops! I'm sure they are happier now they don't have that eyesore dragging down their neighborhood! Good job!

@Shedrick Nettles I too would be interested in your lenders. We own a appraised 140k rental free and clear and would like to get a equity line or loan to build another rental on a adjoining lot. The deed has not been in our name for 6 months yet, so are having trouble not having the "seasoning" but would like to get started on the build now. Any suggestions?

Shedrick Nettles I too would be interested in your lenders. We own a appraised 140k rental free and clear and would like to get a equity line or loan to build another rental on a adjoining lot. The deed has not been in our name for 6 months yet, so are having trouble not having the "seasoning" but would like to get started on the build now. Any suggestions?

We have a small house that we have had twelve years in Yamhill, OR that has been a rental. It was on a double lot that we have partitioned and are in the process of building a house on that. We own the first house and the build able lot free and clear. a recent appraisal valued the small house at 140k and the lot is valued at about 65k conservative . We would like to get a Equity line on the existing home for 80% in order to build the second house, at which time we would refi it when it is completed (with a 220k+ value). Contacted local small bank and they will not fund on the existing house because it is on post/pier foundation...although solid. Any recommendations on another bank that will do a equity line on a rental property like this? Or we are open to suggestions on a better way to fund this. We are having HiLine homes do the building and have already given them a 15k deposit so we have quite a bit of skin in the project with that and owning the lot outright. Advice? Would appreciate any help! Thanks!

Leave the brick unpainted. Real brick is always timeless and classic in my opinion. Drive around some high end neighborhoods in your area and find what looks best color wise for door and shutter color. If there is room to plant some plants along the house that would look great, if not, build or get some classic looking planter boxes to go alongside the house and fill them with some color. Being on a hill (it looks like?) probably has A great view? Make sure windows are sparkling clean! That always make a HUGE difference! Good luck!

Chris Voight with Yamhill Berkshire is one of The hardest working realtors out there. I think he has a website chrisvoight.com

So Joe, yes we do have that contract of sale and have been meeting the conditions of it as far as payments, taxes, insurance. We now want to pay him the 70k remaining on the balance of the contract but want to do a conditional refi in order to do that. How can we do that without his cooperation? He basically want us to hand him a cashiers check with one hand and he will in turn at the same time give us a notarized deed. Doesn't help that he lives a 6 hour drive away from where we (and the house we are buying from him) are located. He won't even speak to the gals at the title company....so how do we get around this other than finding hard money to pay him off? Or do we take the hit and withdrawal from the deferred compensation account?

Thanks Jeff...and others. Well, the title company sent him the usual documents requesting his demand for payment amount and he says none of the paperwork they sent was "acceptable" to him and basically refuses to do it any way other than "his" way. I think he is one of those who thinks he knows everything, has only ever bought or sold thru private sale or maybe he is just getting old and senile? (He is 80) . What we have from the contract , or what is recorded is a "bargain and sale deed" and a "Memorandum of land sale contract"...?

So, 12 years ago we bought a small house on essentially a double lot. House was financed on a private note with seller with 10k down and 5.75%. House would not have funded thru bank because of repairs. Fast forward after total rehab & renting it for past ten years. We now want to divide it into two tax lots & build another rental. (Already have city approval, etc). Went to refinance it thru conventional funding and seller has turned Into a obstinate stinker! He refused any contact with title company and will only turn over the deed once he has been given a cashiers check for the 70k we owe him.... And of course, it can't be financed without him handing over the deed first. What do we do? The existing house is worth 140k (we owe 70k)... And the build able lot is worth approx 70k. We have checked into the "seed money" thing thru WCAP but we really don't want to get a bunch of credit cards. Have checked into "hard money" loan but the only local company we found won't loan on houses built after 1945....ours was built in the 1920's but has been completely rehabbed . Any ideas? We really feel backed in a corner & unable to move forward with our RE plans. Are there other hard money lenders that would help us do this for six months? Any advice or suggestions? We have access for the amount thru my husbands differed comp but would pay a 10% penalty & 28% tax with holding. Would appreciate any help! Thanks!

No I'm not sure if we did. He is now 80 years old and pretty set in his ways..."controlling" would be a polite word. He is a retired surveyor and had an absolute cow when he found out we had the property surveyed in getting it "ready" to divide. Threatened that he could for close on us because our contract with him states that we cant officially divide it till he's paid off...which we knew, but we were just getting it ready so we could make sure setbacks were there, etc for the new building. Mind you, we have been making payments faithfully for 12 years and really fixed up the property and keep it well maintained. I'm trying not to take his obstinacy personal at this point as we would never do anything underhanded or try to "screw" him but he keeps saying he needs to "protect" himself. At this point "we" are the ones getting to screw in the back. We are just at a loss as to what to do