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Results (3,008+)
Patrick Stuckwish Lease option investment idea
2 October 2019 | 9 replies
This subsection does not apply to a lien or encumbrance placed on the property that is:(1) placed on the property because of the conduct of the purchaser;(2) agreed to by the purchaser as a condition of a loan obtained to place improvements on the property, including utility or fire protection improvements; or(3) placed on the property by the seller prior to the execution of the contract in exchange for a loan used only to purchase the property if:(A) the seller, not later than the third day before the date the contract is executed, notifies the purchaser in a separate written disclosure:(i) of the name, address, and phone number of the lienholder or, if applicable, servicer of the loan;(ii) of the loan number and outstanding balance of the loan;(iii) of the monthly payments due on the loan and the due date of those payments; and(iv) in 14-point type that, if the seller fails to make timely payments to the lienholder, the lienholder may attempt to collect the debt by foreclosing on the lien and selling the property at a foreclosure sale;(B) the lien:(i) is attached only to the property sold to the purchaser under the contract; and(ii) secures indebtedness that, at no time, is or will be greater in amount than the amount of the total outstanding balance owed by the purchaser under the executory contract;(C) the lienholder:(i) does not prohibit the property from being encumbered by an executory contract; and(ii) consents to verify the status of the loan on request of the purchaser and to accept payments directly from the purchaser if the seller defaults on the loan; and(D) the following covenants are placed in the executory contract:(i) a covenant that obligates the seller to make timely payments on the loan and to give monthly statements to the purchaser reflecting the amount paid to the lienholder, the date the lienholder receives the payment, and the information described by Paragraph (A);(ii) a covenant that obligates the seller, not later than the third day the seller receives or has actual knowledge of a document or an event described by this subparagraph, to notify the purchaser in writing in 14-point type that the seller has been sent a notice of default, notice of acceleration, or notice of foreclosure or has been sued in connection with a lien on the property and to attach a copy of all related documents received to the written notice; and(iii) a covenant that warrants that if the seller does not make timely payments on the loan or any other indebtedness secured by the property, the purchaser may, without notice, cure any deficiency with a lienholder directly and deduct from the total outstanding balance owed by the purchaser under the executory contract, without the necessity of judicial action, 150 percent of any amount paid to the lienholder.
Matthew Dalton Redoing kitchen for refinancing.
1 October 2019 | 4 replies
And yeah, in a flip it’s also a matter of salability and market appeal...a necessity.
Donte Jones You can only see the property during due diligence!
14 October 2019 | 24 replies
Not once has anyone provided an excuse that rises above the blatant necessity for a potential buyer to view a property before making an offer.Duh.The next thing I wonder is what other dumb things has the seller done, or neglected to do, to the property?
Joy Chambers Buying land versus unit dwelling properties
13 October 2019 | 5 replies
A hard money lender or personal money would then be a real necessity due to the "booming" economy means that lenders can afford to be more stingy with their lending. 
Jonathan R. 30k plus profit in D area flip? Possible?
13 November 2019 | 37 replies
This is a people business and controlling a necessity in life like shelter is a responsibility we often don’t think of that we possess and can offer 
Nick Mess When did you buy a truck?
6 October 2019 | 95 replies
Right now, a pickup is an absolute necessity for my company. 
Josh Johnston Guidance choosing a strategy?
9 October 2019 | 17 replies
Best strategy is to pay off all credit cards, use them for only necessities, pay them off 100% each month.
Aditya Hejib Collecting rent from Tenants
10 October 2019 | 15 replies
They deliberately chose not to pay rent and sound like they are using the whole baby thing as an excuse to avoid basis necessities.
Sami Gren Tenant wants landlord to pay for damaged small appliances
10 October 2019 | 11 replies
Since they most likely never bought renters insurance to cover their personal possessions, that is their problem. but renters insurance takes away from the necessities of life .. like booze Newport’s and lotto tickets  
Danny Randazzo Who’s Unhappy with Their 401-k?
17 October 2019 | 78 replies
Checkbook control is definitely nice, and for many investment strategies, almost a necessity