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All Forum Posts by: Philip Pring

Philip Pring has started 6 posts and replied 11 times.

Post: Using a VA to answer incoming calls

Philip PringPosted
  • Investor
  • Burnet, TX
  • Posts 12
  • Votes 1

how do you set up a GVoice for an overseas VA?

Post: RMLO License/SAFE ACT

Philip PringPosted
  • Investor
  • Burnet, TX
  • Posts 12
  • Votes 1

Does Anyone Know of an RMLO service in Texas? preferably in Austin. If so please let me know. 

Post: Subject2 insurance question

Philip PringPosted
  • Investor
  • Burnet, TX
  • Posts 12
  • Votes 1

Thanks, the mortgage company, just sent me new payment coupons, and I just send them the money...No problems with the due on sale yet. .. You might consider removing the original as a payee, or it seems you might really have a problem is there is a claim

Post: Legal Question

Philip PringPosted
  • Investor
  • Burnet, TX
  • Posts 12
  • Votes 1

Just a suggestion, call any real estate broker and ask who is the attorney that represents your local real estate board of realtors, or what attorney represents your local Title company. 

hope this helps.

good luck.

Post: Subject2 insurance question

Philip PringPosted
  • Investor
  • Burnet, TX
  • Posts 12
  • Votes 1

I purchased a property "Subject2." After closing I had a new insurance policy issued showing the bank and my corp. as insured. Then I canceled the original policy, that had the owners as insured. The original insurance sent me a check for the refund on the original policy. The check is made payable to the original owners. I have a limited power of attorney from the original owners to handle all maters  including insurance for the property.  My question is, How should I endorse the check to be deposited in my bank?

Post: Subject2 Insurance question.

Philip PringPosted
  • Investor
  • Burnet, TX
  • Posts 12
  • Votes 1

Question: when you purchase a property "Subject to the Mortgage" and you get a Mortgage Interest Statement from the Bank (1098) at the end of the year, How is the interest paid the lender accounted for? The Loan is in the borrowers name, and the borrowers SS# is on the 1098. The Property deed is in the buyers name. Is the interest paid prorated to closing date? or does the seller get to deduct the interest or how is it accounted for? Should the form 1098 be forwarded to the Seller or what?

Thanks A Bunch

Love BP

Post: Interest Deduction for Subject To purchase

Philip PringPosted
  • Investor
  • Burnet, TX
  • Posts 12
  • Votes 1

Hello BP Members.

Question: when you purchase a property "Subject to the Mortgage" and you get a Mortgage Interest Statement from the Bank (1098) at the end of the year, How is the interest paid the lender accounted for? The Loan is in the borrowers name, and the borrowers SS# is on the 1098. The Property deed is in the buyers name. Is the interest paid prorated to closing date? or does the seller get to deduct the interest or how is it accounted for? Should the form 1098 be forwarded to the Seller or what?

Thanks A Bunch

Love BP

Post: Podio Integration with PATLive

Philip PringPosted
  • Investor
  • Burnet, TX
  • Posts 12
  • Votes 1

Hello to all and thanks for all the valuable feed back form the great people who contribute to BP.

I also could use any help in learning how to set up my workspace in Podio.  

I would also be interested in knowing about this..

I am looking for a recommendation of an asset protection, attorney in the Austin, Texas area..   

Post: Qualified intermediary

Philip PringPosted
  • Investor
  • Burnet, TX
  • Posts 12
  • Votes 1

can some recommend a good qualified intermediary in the austin tx area?