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3 September 2024 | 5 replies
If you're in an HOA there also may be regulation against having a short term.
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6 September 2024 | 39 replies
In the majority of fraud or Ponzi Scheme cases the common theme seems to be that the money is mostly gone, and whatever is left runs out before a large portion of the victims are made whole.Sounds like the majority are first position mortgage holders.. this is super simple find an attorney that specializes in mortgage foreclosures and file. there is a federal law that went in post GFC that requires lenders to give a 90 day notice before they can file and I think it pertains to any loans on any 1 to 4 unit properties the assets that Dodd Frank was designed to regulate. once the 90 days is up you file your foreclosure in OHIO its a mortgage state so it cost more money than a Deed Of Trust with power of sale state.
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2 September 2024 | 2 replies
Most of the actual profits for title companies are generated by the title insurance policy itself, and in many a state, that cost is regulated by the state.
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4 September 2024 | 10 replies
Additionally, for rate-term refinances, many DSCR lenders have no seasoning requirements at all.Easier qualification: DSCR lenders have much lighter qualification requirements than conventional or portfolio lenders, such as no DTI, income verification, or tax return hurdles that can slow down or disqualify loansFlexibility: While conventional and bank lenders are heavily regulated and follow standardized rules, DSCR lenders have much more flexibility and control over their guidelines.
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3 September 2024 | 20 replies
I have other Syndicators that are doing what they say they do under this interest rate environment.
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2 September 2024 | 7 replies
Land contract is what would work best for you in that environment.
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2 September 2024 | 24 replies
The issue now is to find a property that will cash flow a little or at least break even (given this interest rate environment as we know the <5% is a thing in the past by now).
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7 September 2024 | 85 replies
There is regulation with it however, and I do think working with a custodian is a great way to ensure you are doing everything correctly.
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31 August 2024 | 27 replies
Are there current regulations or proposed regulations in place.
31 August 2024 | 0 replies
That was another part of this "sweet spot" since I am moving away from Alaska for mental health reason and therefore to optimize my remote work environment and I will be 100 miles away from my first FHA, I was able to find a lender that would give me a second FHA.