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13 June 2021 | 12 replies
Often, it is a non-client who brings the complaint trying to break the instrument your client approved.
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6 June 2021 | 0 replies
Our real estate agent was instrumental in helping and buffering the frustration.
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6 June 2021 | 0 replies
Our real estate agent was instrumental in helping and buffering the frustration.
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11 June 2021 | 1 reply
D1-4.1-02: Allowable Exemptions Due to the Type of Transfer (09/09/2020)Share this answerThis topic contains information on allowable exemptions due to the type of transfer.Unless the previous borrower requests a release of liability, the servicer must process the following exempt transactions without reviewing or approving the terms of the transfer:a limited liability company (LLC), provided thatthe mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, andthe LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).
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15 June 2021 | 3 replies
A cash out refi after a purchase is borrowing money by placing a debt instrument secured by the equity in the property.
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1 July 2021 | 7 replies
Unsuitable land areas are usually pretty obvious: swamps, bogs, or parcels that are near nuclear power plants or chemical retention ponds.
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21 July 2022 | 10 replies
This was subsequent to reaching out to BOA, making it explicitly clear to them that they made an error in that the litigation was against a mortgage that is completely separate and does not in any way affect the 1st mortgage.My attorney is completely baffled as to how this could have happened and has no idea how to resolve since he feels BOA will rely on the language in the Deed of Trust.Side note: Upon looking at the Deed of Trust for the first mortgage, MERS is listed as "the beneficiary under this Security Instrument".
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19 July 2022 | 7 replies
Current debt market has changed, you need to be able to understand what the risks are with each debt instrument.
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18 July 2022 | 4 replies
Since he is not paying for the work, I would also do it as a secured instrument that attaches to the home.3.
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26 July 2022 | 0 replies
Yes, Lizi Brown at Keller Williams Allen was instrumental in our search and purchase of the property.