
9 March 2015 | 7 replies
The contract shall contain at least the following provisions:(1) The full names and then current mailing addresses of all the parties to the contract; (2) The date when the contract was signed by each party; (3) A legal description of the property conveyed; (4) The contract price of the property conveyed; (5) Any charges or fees for services that are includable in the contract separate from the contract price; (6) The amount of the vendee's down payment; (7) The principal balance owed, which is the sum of the items specified in divisions (A)(4) and (5) of this section less the item specified in division (A)(6) of this section; (8) The amount and due date of each installment payment; (9) The interest rate on the unpaid balance and the method of computing the rate; (10) A statement of any encumbrances against the property conveyed; (11) A statement requiring the vendor to deliver a general warranty deed on completion of the contract, or another deed that is available when the vendor is legally unable to deliver a general warranty deed; (12) A provision that the vendor provide evidence of title in accordance with the prevailing custom in the area in which the property is located; (13) A provision that, if the vendor defaults on any mortgage on the property, the vendee can pay on that mortgage and receive credit on the land installment contract; (14) A provision that the vendor shall cause a copy of the contract to be recorded; (15) A requirement that the vendee be responsible for the payment of taxes, assessments, and other charges against the property from the date of the contract, unless agreed to the contrary; (16) A statement of any pending order of any public agency against the property.
13 March 2015 | 4 replies
It contains two properties for the price of one ($300k).

14 March 2015 | 12 replies
@Blake BroomerWelcome fellow Pennsylvanian.It also depends on what activity that you are doing, flipping, buy and hold, rehabs, wholesale, commercial, development, etc.There are tax implications, as well as liability issues, and anonymity also.The PA Dept of State has an online file that you can check to see if the proposed name is in use.In most cases I'd recommend that the entity name not contain either you first or sur names.In any event, the best advise would be to contact a PA attorney to help decide the type of entity, your planned work and possible other parties involved.

17 March 2015 | 6 replies
If so, it may contain details of what the tenant deposits were.

22 March 2015 | 2 replies
@Trae SwoffordSomewhere I read that as of 2013, property tax became based on the total value of the building, rather than the number of Units contained therein.

22 April 2015 | 16 replies
I highly recommend that you check out ALL of the BP podcasts because they contain a lot of valuable and insightful information that will help you expand your business.

26 March 2015 | 14 replies
So......most likely the mortgage contains a due on sale clause?
29 March 2015 | 10 replies
The fire was contained and there were only two of six units destroyed but it could have been a lot worse.

22 April 2016 | 5 replies
The answer is that it depends on a few factors:Type of loanHow long you've held the loanIf you've paid on timeHere are some good articles from The Mortgage Professor on this topic:Cancelling Private Mortgage Insurance (1)Cancelling Private Mortgage Insurance (2)This article contains the procedure for putting in a "qualified written request" with your servicer so you're not getting the run-around with people over the phone:Is There Recourse Against Bad Mortgage Servicing?

21 April 2015 | 31 replies
The TV shows are all scripted and are for entertainment only.They offer these free "seminars" that don't actually contain the "star" you were hoping to see.