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24 April 2020 | 28 replies
.§ 591.2 Definitions.For the purposes of this part, the following definitions apply:(b) Due-on-sale clause means a contract provision which authorizes the lender, at its option, to declare immediately due and payable sums secured by the lender's security instrument upon a sale of transfer of all or any part of the real property securing the loan without the lender's prior written consent.
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23 September 2022 | 19 replies
In your example the Daily News reporters did not steal title to the Empire State Building, they merely recorded a fraudulent deed that conveyed no title, and very well may have committed a crime in doing so.You are correct the Seminole County Clerk of the Court does allow a property owner to register their property and receive notice when an instrument (deed, mortgage, affidavit of interest, etc) purporting to affect the title is recorded, as many counties in many states including NY allow you to.Protect Your Property from Deed Fraud (nyc.gov)Sign up for the Notice of Recorded Document Program: The City Register will automatically mail you a notification when a new document is recorded against your property.
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18 June 2020 | 11 replies
Perfect comparability is not required.(16) Substantially Similar Rental Rate shall mean the Displacement Dwelling Unit rental rate plus five percent (5%) or minus ten percent (10%) of the contract rate for a Single Month Rent.(17) Tenant shall mean an authorized occupant of a residential rental building under a lease or contract, whether oral or written.(18) Tenant Protection Period shall mean the period that commences with the transfer of ownership of an affordable housing building and runs through the end of the ninety (90) calendar days following the month in which written notice of sale is delivered to each affordable housing dwelling unit tenant pursuant to Sec. 193.08(a).(19) Transfer of Ownership shall mean any conveyance of title to an affordable housing building, whether legal or equitable, voluntary or involuntary, resulting in a transfer of control of the building, effective as of the earlier of the date of delivery of the instrument of conveyance or the date the new owner takes possession.(20) Termination of Tenancy shall mean the end of a tenancy following a written notice given by a landlord to a tenant requiring the tenant to move, including nonrenewal of lease.
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17 June 2020 | 11 replies
My real estate agent John Shannon was instrumental in finding this deal and being my eyes and ears on the ground since I am out of state in Oregon.
22 June 2020 | 3 replies
I've invested with Fundrise in the past, and as far as investing with financial vehicles/instruments apart from real properties...I really enjoyed it.
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24 June 2020 | 33 replies
Our no-show rates are significantly higher with people we just emailed with.Credit score is a blunt instrument.
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16 August 2020 | 100 replies
Depending on the price fo the property, you might put that 5% on a short term credit instrument and repay it with positive cash flow from the property.One curious thing I like to ask: Is the property reasonably close to where you live?
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1 July 2020 | 32 replies
Those were instrumental to my development and I recommend them all of the time!
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3 July 2020 | 3 replies
When they buy these instruments it then puts money in the hands of the investors who in turn buy more overpriced assets to then dump back on the Fed.The Fed is keeping rates low and treasury is buying MBS, CMBS and Bonds which is keeping the real estate market flooded with liquidity.
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28 June 2020 | 1 reply
Real estate experts are not mortgage experts; mortgages are legal instruments that are regulated by multiple federal agencies.