Ken Rishel
Response to Another Threat to Manufactured Home Finance
13 August 2015 | 10 replies
Base on customer and client supplied data, RCG estimates the national average amount to borrow is under $30,000 which necessitates interest rates far higher than can be charged under “rebuttable presumption”.
Jimmy Kiefer
1888-1910 too old for a property?
19 June 2015 | 11 replies
This necessitates additional (expensive) tear off costs, sistered rafters & all new sheeting.Then there is the possibility that the replacement of the original clay pipe sewer lines will be another unexpected cost along with the need to install sump pumps that must pump to the new french drain you created out back, rather than into the sewer.
Wyatt Drouin
Advice: What to do in-between seasoning?
28 October 2021 | 2 replies
If I am stuck waiting for 3-9 months, that seems to necessitate either being an independent contractor for a while or go work for a company, which I would rather not do as it would be temporary and doesn't seem right just to start and stop on somebody.If you need more information please let me know.
David Rosenhaus
1 Note: 3 counties/ 2 states
15 November 2021 | 8 replies
Further each county in the one state would necessitate a separate foreclosure.
Cary Lin
HOA's weird interpretation of what a garage is
27 May 2021 | 5 replies
However, according to our By-Law/Master Deed, Garage is considered a part of "Limited Common Elements".Specifically, from our Master Deed: The Limited Common Elements of the condominium shall include any deck, patio, stairs, or garage to which there is direct access to that unit which is appurtenant to same, or any car port to which a Unit has been assigned....These Limited Common Elements are reserved for the use of the Unit(s) either immediately adjacent thereto or for the use of Units to which they have been assigned, to the exclusion of all other Units....Any expenses of repair or replacement relating to said Limited Common Elements, or involving structural maintenance, repair or replacement, shall be the responsibility of the Association, excepting for costs necessitated by negligence, misuse, or neglect of the Unit by a Unit Owner.One day, someone (not anyone I know) likely backed into our garage and crashed the garage doors.
Duncan M.
Negotiation during Due Diligence period (as is purachse)
5 July 2021 | 3 replies
Hi Duncan, Yes you can negotiate during the due diligence stage and you can try to negotiate at any point in the sale process until close.If you end up not being able to move forward during your due diligence, your earnest money deposit should actually be fully refunded to you, provided you put in the contract that your offer is contingent on your ability to do your due diligence.There were several deals I worked on where additional repairs were found during our due diligence that necessitated negotiation.What we did was thoroughly explain to the seller the impact of the additional expense and then offer them the options of moving forward at a lower purchase price, or working out terms at the same price (owner financing/sub2/something else), or cancelling the agreement.Usually, the seller would choose to move forward at a lower purchase price but we definitely had parties choose to cancel or finance too.If they chose to move forward at a lower purchase price, we'd write up a simple 1-sentence addendum to the original contract stating the new purchase price and have both parties sign.You may want to include a deadline in writing of when the seller must respond by before you move forward with cancellation so you don't lose your EMD.
Michael Ray
Is it possible to salvage this deal?
15 July 2021 | 10 replies
With the pandemic, I had some life events that necessitated moving out of state indefinitely, and rather than sell, I decided to rent it out to at least keep the mortgage paid.
David C.
SDIRA experience - is it really worth the hype?
6 August 2021 | 17 replies
My primary need was instant reaction time which necessitated "checkbook control."
Jim K.
Nobody in real estate cares where you went to college
14 October 2021 | 4 replies
You can get in with a diverse skillset (blue collars have a ton of synergy with real estate) that doesn't necessitate a degree.But with that said, let's be clear.
Michael H.
lenders, help! is it possible to get a mortege in my wifes name?
13 February 2020 | 9 replies
Which most of the time necessitates more income to offset the debt.