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15 October 2024 | 9 replies
Just a short list its like 50 ways to leave your lover there are 50 gothcas in sub to. 1. the easiest for everyone to understand the sub to violated the Alienation clause in the mortgage or deed of trust and holder of the mortgage DT / Note decides to call the note due and payable and starts a foreclosure. 2. foreclosure started and the person who bought sub to has no means to pay it off or refinance it and the original sellers credit get trashed and if its a deficiency judgement state even on an owner occ like Texas lender sues original seller for the deficiency. 3. this kind of investing or acquiring assets tends to attract those with limited resources so they have no ability to fix things they decide to scale up and then it goes out of control and sellers are really harmed4. deal goes south and original seller sues or files complaint with AG. 5.
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16 October 2024 | 6 replies
The part you are missing is if that claim were to arise why wouldn’t the plaintiffs attorney simply list the deed holder in the claim?
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16 October 2024 | 5 replies
This includes the seller maintaining property insurance in their name with the buyer added as additional interest and mortgage payments being made from an account in which the seller appears as bank account holder.
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16 October 2024 | 17 replies
Make sure you are given more jobs, are seen as being affiliated with the firm or investor and get them to set up a compensation structure where you are a stake holder in the property for your efforts.
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13 October 2024 | 5 replies
The arms-length rules apply to you as the account holder, but they don’t automatically extend to other cash investors.
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11 October 2024 | 12 replies
When insurance companies face big payouts for natural disasters, it affects the rates of all of their policy holders not just those in the affected areas although high-risk areas are obviously affected more.
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9 October 2024 | 21 replies
It’s “illegal” to purchase a property without the approval of the existing note holder (subject to)2.
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11 October 2024 | 17 replies
This is different than merely being a certificate holder and have appropriate insurance (builders risk and general liability).
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21 October 2024 | 176 replies
That being said, since most US debt is owned by Americans, increasing rates means American lenders and treasury bond holders earn a higher return and have more money to spend, negating much of what rate increases are supposed to do (namely, slow down the economy and reduce inflation).
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8 October 2024 | 16 replies
The dog jumped up on the toilet, bit into the blinds on the window behind the toilet, and jumped on the metal TP holder breaking it off the wall.