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All Forum Posts by: Edward Ferrer

Edward Ferrer has started 22 posts and replied 34 times.

Starting Out

Post: Creative Closing Attorney

Edward FerrerPosted
  • Brooklyn, NY
  • Posts 34
  • Votes 3
Hello, I am looking for a friendly closing attorney in he New York Area who is experienced with Short Sales, Subject To or Rent to own. Thanks.
0 Votes
Buying & Selling Real Estate

Post: Short Sale for an Assignment Fee?

Edward FerrerPosted
  • Brooklyn, NY
  • Posts 34
  • Votes 3
Originally posted by @Wayne Brooks:

No, the lender isn't going to allow an assignment, but you can always ask.  When you say it's "approved" have you seen the approval Letter yet?  It will show the name of the buyer on the purchase contract.

 Yes. Received a short sale acceptance letter with the sellers name payment date due.  

0 Votes
Creative Real Estate Financing

Post: Fixed, ARM or Interest Only Loan?

Edward FerrerPosted
  • Brooklyn, NY
  • Posts 34
  • Votes 3

Hello, 

I am looking for some clarity on choosing a loan for a flip and hold investment on a single family home. What do you suggest; Fixed, ARM or Interest Only Loan?

Thanks.

0 Votes
Buying & Selling Real Estate

Post: Short Sale for an Assignment Fee?

Edward FerrerPosted
  • Brooklyn, NY
  • Posts 34
  • Votes 3

Hello, 

I currently have a Single Family home under contract.  I negotiated a short sale and was approved.  

My goal is to assign the contract for a fee.  Can this be done? 

Thanks

0 Votes