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9 February 2014 | 6 replies
Otherwise, money in escrow won't be available for repairs.I suggest you get prequalified for you loan and see what your lender says about putting cash in escrow as earnest money or a down (which is usually pain in settlement).
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13 February 2014 | 24 replies
I'd suggest you look for a mortgage broker, not a RE broker, not sure what you meant.To begin with I'd suggest you consider "transactional funding" simply funding transactions at closing and then getting your money back after another settlement is done.
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9 February 2014 | 4 replies
Looks like you are fully amortizing the note, if so you'll have fewer issues.Not enough information to properly advise you on the financing.Read up on seller financing here and then post your transaction.You can often write up your sale contract with seller financing, amount financed, interest and loan term and settlement agent might do the note and deed of trust if they know the deal is exempt from new regulations, however they may not be doing that anymore, depends on the closing company.Next see a mortgage broker for assistance, but an attorney might be cheaper.Saying you don't have money for an attorney is almost like saying I cab afford to lose my house from doing it myself. :)
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2 November 2015 | 42 replies
I'm hoping to hit another home run on the settlement(like Pine View).
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5 January 2015 | 22 replies
(in order to find flexible agents you might have to call 10-15 people, it toke me personally 19 calls) Finally if you hare buying a property in "good enough to rent" condition, don't forget to get permission to start showing the place BEFORE settlement.
6 January 2015 | 7 replies
Just want a settlement for what she's entitled to after paying premium rent for 4 years in what was known to the landlords as a illegal unit.
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12 January 2015 | 9 replies
@Chris Purvis even if a HML was not recorded you would still need a contract and you would use a title company and a traditional settlement.
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4 March 2008 | 16 replies
Long story short: we had a deal, he stood me up at the settlement table due to depression, his lawyer filed bankrupTcy next day, assets were frozen for 8 months, foreclosure, sheriff's sale, Fannie Mae bought from bank.I know this property intimately.
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22 February 2008 | 0 replies
I moved out about 1.5 years ago (into one of my rentals, actually)...I have had to turn down a few deals because, since I am still technically married, my soon to be ex would automatically be entitled to half of the property....I don't want to live in my rental anymore, but I don't want half the value of a nice house to go to her (I also would like to but more units) - Is there a way that I can purchase property before the divorce/settlement is final without having to give her half??
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25 February 2008 | 7 replies
On the next deal we do, I’ll finance the property but the LLC will go on the deed, thus bringing things equal.On a side note for anyone reading this: The settlement company told us today that to move the rental property into the LLC would require a 2% transfer tax and the LLC needs to be two years old.