All Forum Posts by: Ron K.

I would like to use the name Realty in new company I form but I do not have any real estate licence, is that okay? I do not want to mislead anyone to think I'm licence.

Thanks, 

Ron.

I think the $370K owed is because of the way reverse mortgages are calculated.  I'm not the owner, it's in probate.  I really want to let someone live there in the meantime, is that an option? will the appraiser be entering the house?    

House was abandoned for 6 months and has a reverse mortgage $370K but FMV is around $220. For purpose of negotiating with lender:

1.  Should I get reports/estimates from both Inspector and GC?   

2. Should I leave it in as is condition, outgrown grass outside and a bit messy inside?

3. I have access to it, is it ok to sublease it while nego?  

Thanks.         

Recently I had a scenario in which I had to evict tenants. I had their $1000 deposit, the attorney charge $750 so instead I made them an offer $500 in return for them leaving within a week. They agreed, house looked clean and on day of departure we did the exchange. I made them sign a bunch of papers. Worked well.

No partial payments allowed in Miami.

Accepting money cancel the first attempt and you will have to start a new 3 days notice, outcome is that tenants buys more time, getting mix signals and will be upset. However, if you accept money, make them sign a form re the date of which rest of the money will be paid as well as outlining that the late fees, security deposit and eviction fee will all be considered rent.

I would say YES if you want them to stay but accept nothing less than a full payment, never partial. This might be your only chance to get your money back. Unfortunately, accepting less will show weakness. Defiantly NOT if you want them out.