All Forum Posts by: Guru Srini

 Thanks much! Ace Goodrich. I will check the podcast.

Hello,

I'm trying to get approval for an ADU plan from San Jose city. The plan was drawn by a plan drawer, however he is not an engineer to calculate roof lload etc. The roof design was done by central coastal truss company. The city is asking to verify with designer whether "Drag" truss is proposed on the design. Since my planner is not an engineer, I'm looking for a roof engineer/architect who can calculate the load of the roof/truss and tell whether "Drag" truss is required?

Thanks for your reading and help!

Dennis Tierney, The original contract is based on paying every month per appliance (fixed price + adjust to customer price index, CPI) , not a revenue sharing model. The problem is not enough money in paying the monthly bill.

Thank you all.

Al Williamson, I'm curious to know why you switched back to coinmach?

Brian Burke, The seller didn't disclose the contract until escrow close. It didn't appear in preliminary title report. I'm surprised that we can have such a contract and record the same. What happens if I don't want laundry services at my premises at all?

Hello,

I bought a multi-unit property in August 2012. The ex-owner of the property signed a 5 year leasing contract with Coinmach for washer & dryer which I'm not aware. The contract will end in 2015. I don't want to continue the contract as I didn't sign the contract and no money in it. However Coinmach is claiming that I need to continue the contract and pay them every month otherwise they will go to the court. My questions are

1. How can I discontinue Coinmach's service & don't pay every month?
2. How can get rid-of their washer and dryer from my premise.?
3. Can I file a case in small claim court?

Any help is much appreciated.

45K as per 2% rule

As per 2% rule, you can buy this property less than ARV of 83K.

But lots of variables to consider and decide.

Hello,

Can you please advice, how to proceed on this title insurance claim

Here is the scenario

I lent a money to borrower X against a 50% LTV property through a mortgage broker in October 2009. I have 100% title insurance coverage of my money. The loan had 3 months prepayment

In Dec 2009, escrow officer sent me an email stating that there seems to be some loan fraud happened in this case. Mortgage broker recommended that wait until 3 months prepayment is over and see whether borrower is paying or not. After numerous mails from my servicing company to borrower X, borrower X didn't reply or pay.

I filed for title insurance claim stating that loan fraud is happened in March 2010. Title insurance company investigated the claim and denied the claim stating that no loan fraud is happened and asked me to do foreclosure in Oct2010. I have started the FC with filing NOD first in Dec 2010.

An attorney representing real owner of the property sent me mail that there was a judgment in favor of his client in Nov 2009 that the property is owned by his client. If I don't rescind the NOD, I will be get sued. I have sent the letter to title insurance claim. Title insurance asked me to rescind the NOD and investigate further in Jan2011. I have rescinded the NOD.

Now Title insurance sent me an email stating that I need to do "Examination Under Oath" (EUO). I'm fine to do EUO. Now, my questions are

- Do I need to prepare anything for this?
- Any tips and tricks which I should be aware of?
- How long this will be?
- Do I need to hire a lawyer? if so do you have any recommendation in bay area?

Thanks for the help!

Hi All,

Can you please recommend a knowledgeable and affordable real estate attorney in bay area (Sanjose, Sunnyvale, Mountain view, Santaclara, Fremont etc areas) ?

Jon,

Congratulations!. I have learned lot from your answers in the last 2 months (I'm a BP newbie) which I didn't learn from member-shipping real estate clubs in the last 2 years.

I'm amazed on your dedication and diligent answers. You are simply great. Keep it up!

Thanks for all your help!