24 April 2019 | 2 replies
The servicer often services mortgages that have been purchased by an investor in the secondary mortgage market.servicingThe collection of mortgage payments from borrowers and related responsibilities of a loan servicer.settlement statementSee HUD1 Settlement StatementsubdivisionA housing development that is created by dividing a tract of land into individual lots for sale or lease.subordinate financingAny mortgage or other lien that has a priority that is lower than that of the first mortgage.surveyA drawing or map showing the precise legal boundaries of a property, the location of improvements, easements, rights of way, encroachments, and other physical features.sweat equityContribution to the construction or rehabilitation of a property in the form of labor or services rather than cash.tenancy in commonAs opposed to joint tenancy, when there are two or more individuals on title to a piece of property, this type of ownership does not pass ownership to the others in the event of death.third-party originationA process by which a lender uses another party to completely or partially originate, process, underwrite, close, fund, or package the mortgages it plans to deliver to the secondary mortgage market.titleA legal document evidencing a person's right to or ownership of a property.title companyA company that specializes in examining and insuring titles to real estate.title insuranceInsurance that protects the lender (lender's policy) or the buyer (owner's policy) against loss arising from disputes over ownership of a property.title searchA check of the title records to ensure that the seller is the legal owner of the property and that there are no liens or other claims outstanding.transfer of ownershipAny means by which the ownership of a property changes hands.
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11 October 2018 | 11 replies
Perhaps you are thinking of the total additional cost for an employee (vacation, retirement package, paid days off, insurances, payroll taxes, etc).
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9 October 2018 | 2 replies
I encountered some challenges in properly equipping my tax preparer with the documentation necessary for 2017’s filing.
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8 November 2018 | 100 replies
I want to be able to know the whole process and package the deal up so I can take it to my investor to fund.
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20 October 2018 | 16 replies
Most (if not all) of the DIY formed LLCs I've encountered in practice have not been correctly documented, and accordingly lack the full protections available to the owners under TX law.
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10 October 2018 | 3 replies
Looking for help finding simple pro forms software to analyze business model consisting of purchasing 5-10 single urban homes one at a tIme, rehabbing and renting all using line of credit and cash, the packaging in a bundle and refinancing for 5-15 year hold.
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9 August 2019 | 2 replies
:o I was thinking about the ultimate packages, but only use audible, so was wondering the same.
11 October 2018 | 6 replies
She then complained about the color & the fact it was too small for her packages.
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16 September 2019 | 39 replies
I've been looking at an outfit called North Coast Packaged Homes (is it kosher to mention them?
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28 April 2020 | 11 replies
We have a contract for sale on a 4 bldg package just east of downtown in the Historic Northeast neighborhood. 10% Cap rates. 3 4plex's and 1 duplex.