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23 April 2019 | 1 reply
I'd say that over 60% of the time, the "automated underwriting system" (AUS) only calls for one year of tax returns for self employed persons.
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23 May 2019 | 9 replies
My first property was also last year, and am hoping to complete the purchase of the next two before the end of June (this is the deal in question).My goal is 2 properties per year... so after June I will use the remainder of 2019 to sit back and monitor, refine housing policies, maybe take a RE course, move to e-docs lease signing... basically just come up with ways to automate and make things easier for myself moving forward (since I also have a semi-demanding FT job).
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29 April 2019 | 6 replies
A HELOC is a revolving type of instrument, and they are typically interest only.
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20 January 2017 | 13 replies
Check it out here: https://www.biggerpockets.com/forums/62/topics/389205-active-duty-military-investment-psychologyI can get you setup on the automated property search, so you can come into this market familiar with the current inventory.
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18 January 2017 | 1 reply
A note is a start, but you'll want a security instrument as well.
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31 May 2016 | 0 replies
The aim is to avoid any backlog in the Sheriff’s office.Creates an online auction site for foreclosed properties.Modifies the appraisal and advertising process for subsequent sale attempts, while eliminating the 2/3rd minimum bid requirement on subsequent sale attempts.The OSBA Real Property Section and the Banking, Commercial & Bankruptcy Law committee were instrumental in crafting the bill and assisting with its passage.
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21 November 2015 | 1 reply
I certainly did not, and neither did the mortgage lender who pre-qualified me.After closing on the HELOC this week, I was reading through the docs last night and stumbled upon the Occupancy clause :"Borrower shall occupy, establish, and use the Property as Borrower's principal residence within 60 days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control"So I'm not sure what to do.
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22 November 2015 | 13 replies
I'm not sure if the indexing is automated or provided by the closing firm's paralegal.
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6 January 2016 | 2 replies
You're in good shape with what he did.When I read your post I was thinking more of putting a security instrument on the house and getting a detailed outline of your agreement that it referenced.
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23 November 2015 | 19 replies
I have found that a lot of the CL traffic is not very sophisticated when it comes to our application process, such as online applications, credit & background checks, automated rent payment, etc.