Chris Seveney
Getting A Deed In Lieu at closing to store away
27 December 2024 | 20 replies
.• That the deed is either a preferential or fraudulent transaction within the purview of the provisions of the federal Bankruptcy Act or any other related state law.• That the deed is a device to clog a mortgagor's right of redemption.• Unfairness of the consideration.• Coercion, fraud, oppression, duress, and undue influence.• That the deed is not subsequent to the execution of the mortgage but contemporaneous with it.• That the grantor/mortgagor was insolvent at the time of the execution of the deed.An estoppel affidavit (executed and acknowledged by the grantor/mortgagor, attesting to the fairness of the transaction, the consideration exchanged, the value of the property, and other factors showing an intention to make a genuine transfer) or a recital (inserted directly in the deed) are supporting documents used to forestall challenges to these transactions.State law and local title standards must be consulted in regard to the consideration and treatment of deeds in lieu of foreclosure.What a GREAT post!
Benjamin Carver
Building an ADU in Raleigh NC: Here's What You Need to Know
6 January 2025 | 8 replies
Accessory Dwelling Units (ADUs) are an increasingly popular way to generate additional rental income on an existing property.
John McKee
Don't forget to file your BOI Reports by the end of the year
27 December 2024 | 6 replies
Required again as of 12/23/24 Appeals Court:"In light of a December 23, 2024, federal Court of Appeals decision, reporting companies, except as indicated below, are once again required to file beneficial ownership information with FinCEN.
Nathan Frost
Vacation Home Loan 5% down
20 December 2024 | 9 replies
Quote from @Zach Engen: The federal savings bank does 5% down on vacation homes, talk to Jason Wray over there.Email?
Devin James
How the market has shifted in just a few years
1 January 2025 | 6 replies
Just not as popular as folks think
Christian Jones
Best Property Managers in Columbia
26 December 2024 | 5 replies
The West Cola/Cayce stuff I could see being popular with University students or medical employees.
Marc Shin
Provide Disney+ to families / guests?
26 December 2024 | 9 replies
Since everyone already purchases the streaming services at a year subscription, just provide a smart tv with logins to all the popular streaming services.
Fareen E.
Corporate Transparency Act -- FOR NOW: Voluntary Submission Only
21 December 2024 | 0 replies
Very brief summary of article: CTA has a issued a nationwide Stay on the January 1, 2025 deadline for beneficial ownership reporting to the (Federal) Financial Crimes Enforcement Network (FinCEN).
Namal Burman
when does 1031 exchange make sense?
27 December 2024 | 4 replies
Role-playing. . you paid $300k 10 years ago, it’s worth $660k, (so when you sell you net $600k to make math easy.)and your cpa determined that you owned zero land, so it’s all depreciatable. you owe 15% on the $300k gain plus 25% tax on $109k depreciation recapture, so you owe $70k in federal taxes, then California reaches out for another $30k?
Derek C. Thompson
ATM Investments fund
28 December 2024 | 13 replies
Looks like Paramount is under Federal investigation for having failed to make agreed payments.