Rachael Collins
Flip of rural REO on 2.8 acres with two existing homes with private lender
20 August 2014 | 5 replies
Would you give a quick explanation of an REO - is it any property that a bank has had to take back from the borrower because they have defaulted on payments, or only certain types of properties or situations?
Mark Forest
Tenant fried my grage panel
26 August 2014 | 45 replies
I don't buy that explanation anyway.
Mike Russo
Automate Your Rent Payment Process
20 August 2014 | 2 replies
A complete explanation of the service is described here: https://www.chase.com/online-banking/quickpayIn a nutshell, both the tenant and property owner set up a Quickpay account.
Harold Wine
learning wholesaler
20 August 2014 | 26 replies
I have been searching around in all this wealth of information but your explanation just clicked with me.
David Doyle
Can Lease Option Sellers Qualify For New Mortgage
27 August 2014 | 1 reply
\,,,,the lender is just interested in the sellers income and ability to pay.In a word ,,one guy says can & one guy says you cant and I like and respect both these guys and have spoken to them many times.Both have great reputations.Needless to say this really changes the "Paint Job" on my explanation of Lease Purchase to possible Sellers and Tenant Buyer Candidates I talk to every day trying to do Lease Option deals and I need to form an intelligent opinion about this issue.Any help greatly appreciatedDave Doyle
David Doyle
Can Lease Option Sellers Qualify For New Mortgage ?
22 August 2014 | 13 replies
\,,,,the lender is just interested in the sellers income and ability to pay.In a word ,,one guy says can & one guy says you cant and I like and respect both these guys and have spoken to them many times.Both have great reputations.Needless to say this really changes the "Paint Job" on my explanation of Lease Purchase to possible Sellers and Tenant Buyer Candidates I talk to every day trying to do Lease Option deals and I need to form an intelligent opinion about this issue.Any help greatly appreciatedDave Doyle
Eric Johnson
Cash Purchase Followed By Mortgage Acquisition
25 August 2014 | 21 replies
Two years pay stubs, W2s, letters of explanation explaining why you want the mortgage, why a certain something is on your credit report, 1-2 forms of ID, and proof via bank statements that you have 6 months of reserves in PITI for all your properties.
Ryan Dossey
Explaining an offer to seller. 65% 70% Rule
29 August 2014 | 9 replies
I guess we won't be submitting our rehab costs for the explanation of our offer.... and the hunt continues.
Luther Smith
To Re-Fi or not to Re-Fi?
11 September 2014 | 11 replies
Hope that helps you make your decision and is not too rudimentary of an explanation.
Nicky Rasulova
What information lenders require to evaluate a borrower credibility?
8 February 2015 | 6 replies
7) A copy of the insurance policies for _____ Avenue and_____ :8) A Letter explaining the reason for the cash out9) A letter of explanation for the credit report inquiries from _____ and_____and whether any new accounts were opened.10) A survey for _____ Avenue11) A copy ofthe Owner's Policy of Title Insurance for Ave.12) A check payable to _____ for $450 for the appraisalIf you have any questions, please do not hesitate to contact me at______Sincerely,