Whenever I lend money, I require at least 5 HUD settlement statements showing that the rehabber-borrower has done at least 5 deals.Call me if you have questions.

The parties that have this information are the contractor, buyer, bank and title/settlement agent and the clerk at the Recorder's office, none making the information public in time for your analysis.

Foreclosure sale: HOA was one of the defendants which has unpaid dues. Writ of execution is 8/10/2013, foreclosure sale is held on 11/22/13. Foreclosure buyer will get redemption after 180 days. When new owner gets...

I am closing a deal this Friday and the sellers settlement attorneys have issued me a Gramm-Leach-Bliley Act notice stating the following "In compliance with the GLBA, we are providing you with this document, which notifies you of the privacy policies and practices of Investors Title Insurance Company and (Firms name), Attorneys at Law."

However, to release any kind of liability, they will more than likely tell you to have a professional check it out regardless.A structural engineer will be able to help with the settlement cracks.

I'd think that getting a title/escrow settlement agent to do a double closing, mot having funds available in the A to B transaction would be tough enough without tossing a bank in the mix as the A party selling.

Earnest Money is a deposit towards the purchase of real estate or publicly tendered government contract made by a buyer or registered contractor to demonstrate that he/she is serious about wanting to complete the purchase.If the seller accepts the offer, the earnest money is held in escrow by the real estate broker or by a settlement or title company until closing and is then applied to the buyer's portion of the remaining costs.

It's also very hard to sell a property if a tenant is not cooperating or is not a good housekeeper.Your mother could seller finance her undivided one third interest as well, giving you the right of possession, pay a note payment to her and rents to the others.You can seller finance this as it is between closely related parties in connection with an estate settlement.

Coverage at RC (Replacement Cost---gives you the ability to recoup the initial depreciation that is levied against the settlement by simply completing the repairs) that waives any co-insurance requirement may be the best of both/all options, too.

That is from the federal side and is applicable to all loans, consumer, commercial, private, institutional, any note.Next, you get involved with a borrower using that money, controlling business or influencing operational decisions you are stepping outside the lending arena and taking on new liabilities that can place your funds at risk if there is any failure.Another comment, any fee paid that is required to be paid to obtain any loan is a cost that must be accounted for in settlements, there are a number of underlying laws depending on the type of loan but all loans and associated costs will be an issue under the tax code.There are thousands of attorneys out there I'm sure that do RE and think they know financing laws and regulations, they may have done them for years, doesn't mean they really know and most will never admit not knowing.Every bank I've seen had an attorney, all have legal advice and as I mentioned, there won't be a bank or any other lender around, that really makes loans that won't have some compliance issue.