All Forum Posts by: Margo Roberts

That's helpful to know, thanks for chiming in Wayne and Guy.  I will check out my Title Commitment and the schedules.  Thanks, Margo Roberts

Thanks for the input.  I would imagine it was the seller.  He was very slimy.  He wanted to use his own Title Company, not the one we suggested.  Thanks again, Margo Roberts

Thanks for the input, Robert.  That is good to know.  The reason WFB gave is "there were no good comps" and then I have called different lenders and they talked about the age issue, but it has been updated and thoroughly ensured.  I will keep searching.  Regards,  Margo Roberts 

Hi Everyone,

I purchased a house in Florida in 2013, in which all the code violations were not disclosed to me at the closing.  I live in California.  In fact, there were two code violations that I was made aware of at the closing (so money was held in escrow for the repairs) but there were several more I was not aware of until I went to get permits for the two that I did know about. It has taken 1 1/2 years to do all the repairs and I lost a tenant with this "turn-key" process.   Does the Title Insurance not pick up on these?  Do they have any liability?  If so, where do I go to file a complaint.  I so much appreciate some help with this. 

Thanks, Margo

Thanks Jacques, I would appreciate that.   I have talked to Neil Sherry and Aaron Bacus in the Miami area already.  I am open to any suggestions.  I didn't think a loan on an older house would be so tough.

Thanks again, Margo Roberts

Does anyone know of a lender (other than hard money) who would lend on an older house?

I purchased a house in Miami built in 1925 in my retirement account. I would like to get it out of my retirement savings and get a permanent loan on it. The house is a SFR within a multi unit zoned are. It is a 4BR/3Ba house with 3 renters. It had been rehabbed with permits including electrical permits 4 years ago. I make a good cash flow on this property.

Please let me know if you know of any suggestions.  Thank you, Margo

Does anyone know of a lender (other than hard money) who would lend on an older house?

I purchased a house in Miami built in 1925 in my retirement account. I would like to get it out of my retirement savings and get a permanent loan on it. The house is a SFR within a multi unit zoned are. It is a 4BR/3Ba house with 3 renters. It had been rehabbed with permits including electrical permits 4 years ago. I make a good cash flow on this property.

Please let me know if you know of any suggestions.  Thank you, Margo

Does anyone have any recommendations for the best windows to put in a house in Salt Lake City area? It is for a rental.  Any help will be appreciated.  Thanks, Margo

Thanks for your input Bradley.  There is always appears to be someone of knowledge that seems to emerge.  That's great information to know, as I was thinking about renting to vets myself.

I believe he did go thru the Veterans Housing agency to get access to his list of vets needing housing.  It seem this agency is one arm of Section 8, but I am not an authority on this.  Good luck, Richelle.