14 April 2020 | 11 replies
@Craig Rich yeah you definitely would need to modify it some how butthere's no way to know who uses how much. ... electric heat is actually a phenomenal option.
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27 April 2020 | 9 replies
Updated Rules for Using Retrievement Funds for ReliefThe CARES Act has also modified several rules pertaining to IRA and 401(k) plan loans and early withdrawal penalties:The regular 10% IRA and 401(k) plan early withdrawal penalty is waived for amounts up to $100,000, withdrawn for COVID-19-related hardship in 2020The limit of the 401(k) loan program has been increased from $50,000 to $100,000 for the 2020 tax yearRequired minimum distributions from IRAs and 401(k) plans have been suspended for the 2020 tax yearThis may be a last resort, but there is an opportunity to use your retirement funds for operating or emergency capital.
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14 April 2020 | 9 replies
If you do that and the lender gets huffy, that would be a red flag.I'm sure the lender wants the deal to close and to stay in good standing with your broker, so if there isn't a good explanation for what you saw on the fee estimate I'm guessing they would modify things if the buyer pressed the issue.
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8 May 2020 | 46 replies
The medical services in the short term will be affected some but as economy rebounds a lot of elective procedures will have a huge back log and ramp up so doesn't concern me that much.Anytime a tenant asks for rent concessions that can be an opportunity to modify the lease for long term value to the landlord in exchange for a shorter term reduction.
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16 April 2020 | 3 replies
Your best bet would be to get the borrower to modify the loan where you have a first which is the payments to the buyer and then you go in 2nd position with the balloon.
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17 April 2020 | 14 replies
Ask them to remedy this through modifying the order to require PROOF of hardship (lost jobs, don't qualify for unemployment, no money in bank accounts).
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27 March 2020 | 9 replies
Landlords are not generally going to hand out permanently long term modified leases for A locations.
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26 March 2020 | 5 replies
Her realtor has made false claims such as we have to stage the house (she is allowed to tell us to take something down, move furniture, etc.. to their standards), we have to leave the property when they are working on it/showing it; If the house were to sell during our lease, we would have to leave the property because of the "right to occupy", or that the new landlord would be able to modify the lease.
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29 March 2020 | 11 replies
In addition, we are no longer accepting new Rental loan applications during this temporary hold period.Lima One continues to underwrite and close loans during this period but must temporarily modify our loan programs as the financial markets dictate.
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6 April 2020 | 43 replies
Anything that modifies or extends means you owe longer.