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Results (256)
John Richardson 40k Cash but no proof of income. Been working abroad for past 5 years
27 August 2014 | 10 replies
There is a section which determines if you are a "Bona Fide" non-resident which allows you the full exclusion.I actually overstated my income a bit just to help me with the lenders since I made below the exclusion limit and wasn't going to pay taxes on the higher income anyway.
Ryan Dossey Made an offer and seller is claiming there are multiple offers....
12 October 2014 | 37 replies
If this is just a normal Seller, you could ask him to offer you a 1st right of refusal, which essentially requires they show you the contract as proof that there is a bona-fide offer.
Jack Tucker Turned a $52k condo into $6250 in rent / month. Forget 2%, This is an 8.3% PROPERTY!
7 October 2015 | 77 replies
If someone can give me a bona-fide example anywhere else in the country, then I'm all ears.  
Adam Walter Trustee is trying to void my mortgage in Bankruptcy court
30 April 2021 | 20 replies
You just cannot go after the borrower for any money and only recourse is the propertyI have never heard of a BK court voiding the security instrument (not sure they have any authority over it) but can wipe the debt which is what ch 7 doesI haven't read the pleadings but I suspect the Bk Tr is claiming 1. the mtg wasn't recorded at the time the borrower filed Bk and therefore was not constructive notice to a bona fide purchaser; 2. the Trustee is in the same position as a bfp without knowledge; 3. because of the first two positions the interest of the Tr is free and clear of the unrecorded mtg holder and the property can be sold without regard to the unrecorded interest. 
Brandon Collins Where do I start? Make an offer or find the money first?
1 August 2022 | 14 replies
Move into a new house (your 2nd house) but keep the first and now you are a landlord and a bona fide investor.
Carlson Driver Do expenses on long term rental reduce earned income
25 December 2021 | 3 replies
-If you are a bona fide real estate professional under Internal Revenue Code section 469 et seq, then these loss limitation rules don't apply, and your losses are fully deductible in the year in which they occur.Hope that helps.
Adam Anderson Bidding on a Home Path property
19 October 2015 | 13 replies
"Grantee herein shall be prohibited from conveying captioned property to a bona-fide purchaser for value for a sales price of greater than 120% of the purchase price for a period of 3 months from the date of this deed.Grantee shall also be prohibited from encumbering subject property with a security interest in the principal amount of greater than 120% of the purchase price for a period of 3 months from the date of this deed.These restrictions shall run with the land and are not personal to grantee.
Yuvaraj Vimawala OTP on a foreclosure auction property
19 November 2015 | 3 replies
They have  not even done a title search (which I had done myself before buying and there were no defects), but simply refusing to sell an OTP unless I have a bona fide contract to sell the property.
Jassem A. Offering X dollars above best offer not to exceed Y dollars
4 April 2016 | 17 replies
But, the not to exceed is also tied to proof of a bona fide offer to pay $1,000 more than the highest offer, not to exceed.....I won!
Shawn Crawley Seller financing rules
23 July 2019 | 36 replies
Rather, it merely requires the owner, when and if it decides to sell, to offer the property first to the holder, usually at the price and on the other terms and conditions set forth in the third party’s bona fide offer.However, as noted above, the right “ripens” into an option upon notice to the holder of the grantor’s receipt of a bona fide offer and decision to accept it.Fixed-price first-refusal rights often are unreasonable restraints on alienation.