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13 April 2020 | 12 replies
Don't be too shocked to find out that there are some licensed professionals willing to craft such a letter without any evidence of a diagnosis.Once at the end of lease, let it flip to month to month or announce non-renewal and self removal is required.
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12 April 2020 | 2 replies
Chase Bank announced yesterday, that on this coming Tuesday new stricter lending guidelines will begin as they prepare for the fallout of the COVID-19 hit to the housing market.
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19 April 2020 | 25 replies
On the other hand, JP just announced that they had increased the credit score required to qualify for personal mortgages to 700, and bumped the down payment from 10% to 20%, which means ---- fewer people can buy home, which will lead to an increase in demand for multifamily.
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13 April 2020 | 2 replies
I will try to be as clear and concise as possible in explaining my situation and perceived options, as well as my personal knowledge about SARS-COV2 and how it may impact our society and real estate markets.Current Status: I left San Francisco in early March the night before shelter in place was announced, to ride out the virus back in Minnesota with my family, I also have two properties here in MN (a single family home and a 4 plex** Info below).
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27 May 2020 | 14 replies
The first thing that crossed my mind when the President announced no evictions, etc .... was what about the landlords.
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16 April 2020 | 8 replies
That's why the Fed announced that it is willing to buy an unlimited amount of mortgage-backed securities.The main worry of lenders is always the ability for a borrower to repay.
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14 April 2020 | 5 replies
Just as some mortgage underwriters have announced raising their qualification metrics, I have followed suit.
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14 April 2020 | 2 replies
By the time 30 states had announced closures across the U.S. on March 30th, the S&P 500 had declined by almost 24% from a record high five weeks earlier, and SPDR S&P Retail Index ETF, which includes companies like Rite Aid, Kroger, and Dollar General, dropped by over 35% during that same period.The crisis is having a dramatic impact on the public market pricing of retail real estate.
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16 April 2020 | 16 replies
I wouldn’t announce on a public forum that I have $100k cash.
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20 April 2020 | 11 replies
Stay Alfred announced that they were going to "put a hold on all rentals for 8 weeks, to pass the virus and open back up".