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15 December 2009 | 5 replies
What I really need to do is write an agreement of what would constitute the second deed being released from escrow back to the seller.I know that's a mouthful, but any idea's as to what should be included in this agreement?
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18 December 2009 | 1 reply
Also, with all the forclosures these days, what constitutes a good deal?
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1 February 2010 | 14 replies
When all has been said, your closing statement can simply be that the HOA approved the plans and the continued and uninterupted use of the property as designed and that their failure to object in a timely manner constitutes acceptance as a persriptive easement.
16 January 2010 | 21 replies
I don't think that getting rid of free TV would be very Constitutional, would it?
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26 February 2010 | 13 replies
(By showing the value indeed has changed.)As for the section about "a pattern of flipping", it really does not constitute a pattern if a Short Sale investor purchases the property and resells the property.As for the added value section: Well, if I purchase a property at a discounted value then sell that same property to another Buyer at market value, the added value can be shown simple by getting an appraisal.I agree that more scrutiny will become apart of any flipped property, but as long as the values are true, no one "should" have anything to worry about.But all-in-all, I hope this will open the doors for more transactions.
24 January 2010 | 11 replies
IMO it should be that all healthcare issues shall be an States rights issue as the federal government constitution does not address the issue, but some states constitutions do.
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21 February 2010 | 9 replies
Should fire or casualty damage have been caused by Tenant/Buyer’s own action or neglect, they shall not be relieved of the responsibility for payment of rent, and they shall also bear the full responsibility for repair of the damage. 32.CC&R’s: Tenant/Buyer acknowledges receipt of all pertinent rules and regulations and CC&R’s concerning this property. 33.Possession: Landlord/Seller shall endeavor to deliver possession to Tenant/Buyer by the commencement date of this Agreement. 34.Default: The occurrence of the following shall constitute a material default and Breach of Contract by Tenant/Buyer: Any failure by Tenant/Buyer to pay rent on time or perform any provisions of this lease to be performed by Tenant/Buyer where such a failure continues fifteen (15) days after written notice thereof by Landlord/Seller will constitute a material breach of this contract and forfeit the option to purchase.
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24 February 2010 | 11 replies
For the most part, FHA appraisers these days have the authority to use REO sales if they find that constitutes the majority of recent comps.That said, I've met plenty of FHA (and non-FHA) appraisers who abhor using REOs as comps for retails sales, especially for rehabbed properties.So, unless you have some discretion over the choice of your specific appraiser, I would err on the side of conservative, and use some REO comps to determine your ARV.I've had a few properties that I've had to turn down purchasing because -- even though I knew the property would be a steal at my resale price -- I knew there would be issues with the appraisal because all the comps were REOs.Better safe than sorry...
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24 February 2010 | 10 replies
It was Constitutionally impossible for them to block healthcare legislation for an entire year.
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26 February 2010 | 4 replies
I also have this clause: The acceptance by Landlord of partial payments of rent due shall not, under any circumstances, constitute a waiver of Landlord, nor affect any notice or legal proceeding in unlawful detainer theretofore given or commenced under state law.