Matt Vezina
Why do so many lenders exclude Vermont?
18 October 2017 | 16 replies
. § 41a(b). 18% is the typical interest rate that would apply to the kinds of loans offered by online lenders.Violating Vermont’s interest rate caps carries a criminal punishment (misdemeanor) of up to $500 or six months’ imprisonment, as well as forfeiting the right to collect any interest or charges, and half the principal. 9 V.S.A. § 50(c).
Bianca Rodrigues
Tenant signed lease but wants to back out ahead of move in
21 July 2023 | 10 replies
This converts to security deposit funds when they move-in, but is forfeited if they dont and helps prevent people from changing their mind like this.The bad news is you're probably out on this one.
Marci Stein
Can Damaged house piers get loan?
19 September 2023 | 5 replies
Oh these are absolutely excellent points ,and I’m not sure of the answers . the house is incredibly cheap (35K )but I’m sure it needs another 75K so I have forfeited this property.
Andrew Beckmann
Nurse contract cancelled days before move in
19 July 2023 | 23 replies
They receive a holding receipt and agreement which specifically states it will be forfeited if conditions aren't satisfied.
Gabriel Valladares
Second Home Tax Deductions Help!
7 September 2023 | 2 replies
As of this year I worked a deal with her where she can stay in my second home rent free for the next 4 years and in return, she forfeits all entitlements of my retirement (Judge order signed already).My question: Is there any tax benefits I can write-off for the property?
Scott K.
Using an LLC to get around STR restrictions?
22 October 2022 | 20 replies
Legal entities can be fined just like people, their property can be forfeited by the courts as well.
Jessica Young
Vacated tenants demanding access to get their own repair estimate on damaged item
8 July 2023 | 21 replies
I looked at the actual detailed statutes and they are required to give a forwarding address or they forfeit the right to receive a letter detailing what funds are going to be withheld.
Michael Lopez
Understanding Joint Venture Deals
31 July 2017 | 14 replies
I've made a lot of money when investors forfeited and I had to self fund because they weren't able to actually get money when required, but that wasn't the plan and it creates problems so I take the whole deal.
Andrew Croley
Negotiating Rent Increases & is +$100 on $900-$1K units too much?
11 August 2021 | 14 replies
I know I would forfeit $300 to keep good tenants another year versus all the work to lease up a unit all over again.
James Bowerman
First Investment Property Under Contract in Maryland
30 April 2016 | 42 replies
The $1,000 lesson; when purchasing a HUD property as an "investor" you forfeit the return of your earnest money.