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27 November 2024 | 3 replies
Purchase price: $167,000 Cash invested: $25,000 Contributors: Michael Sgandurra This was a value-add BRRRR deal next to Nationwide Children's Hospital. 5-bed rooms and 1.5 baths.
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15 December 2024 | 18 replies
My list was rankings by dollar amount and number closed Nationwide for past four quarters for NON QM lenders that do DSCR.
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11 December 2024 | 8 replies
Unused contingency funds, unless they were received directly from the borrower, must be used to reduce the outstanding balance of the renovation mortgage after all of the renovation work has been completed and the certification of completion has been obtained.The loan is not re-amortized.Draw Schedule:The HomeStyle program has a maximum 4 draw process.The initial draw can be up to 50% of the total project and can be for materials for the project.The final draw will be at least 10% of the total project as retainage and funds will be released upon receipt and approval of final inspection, Certificate of Completion from Appraiser, signed All Bills Paid Affidavits and Lien Waivers.Additional Draw Information:Ø Signed Draw Request by borrower and contractorØ Signed All Bills Paid AffidavitØ GMG review and approve the draw request and will release funds for disbursementØ A check will be issued in the name of the borrower and contractor and delivered to borrower via USPSØ An inspection of work to date will be performed at 50% completeFinal Draw Information:Ø Signed Draw RequestØ Final inspection/Completion Certificate will be required for release of final fundsØ A Title Update showing property free from lien or encumbranceØ General Contractor’s Lien Waiver AffidavitØ Affidavit of Completion GR will review and approve the draw request and will release a check in the name of the borrower and contractor.Change Orders and Cost Overruns:Changes to the initial plan are not permitted unless prior approval by Guaranteed Rate.
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28 November 2024 | 184 replies
District Court for the Western District of Texas charging Outstanding Real Estate Solutions, Inc.
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7 December 2024 | 17 replies
Specifically, I'm trying to understand where the most outstanding vouchers are being distributed so I can target the right areas.
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7 December 2024 | 1 reply
Is there really a LACK OF AFFORDABLE HOMES nationwide?
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6 December 2024 | 15 replies
Nationwide sent a non-renewal letter for an 8-plex, claiming property was within 1 mile of a fire hazard zone.
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19 December 2024 | 55 replies
You will recall that your Note allows Norada to convert the outstanding balance owed into equity and that it can redeem that equity in the future by repayment of the Note principal in full.
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5 December 2024 | 2 replies
As of December 3rd, there is a nationwide injunction against the BOI reporting.
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4 December 2024 | 4 replies
My company specializes in higher-end flips in the Denver market, and we are looking to get into multifamily nationwide!