
16 January 2018 | 9 replies
If he has a security instrument on the property, you can refinance him out once you get tenants in place and the property has rental income.

14 July 2021 | 26 replies
https://servicing-guide.fannie...This topic contains information on allowable exemptions due to the type of transfer.Unless the previous borrower requests a release of liability, the servicer must process the following exempt transactions without reviewing or approving the terms of the transfer:A transfer of the property (or, if the borrower is an inter vivos revocable trust, a transfer of a beneficial interest in the trust) toNotes: For all such transfers affecting mortgage loans purchased or securitized by Fannie Mae on or after June 1, 2016, the transferee is not required to occupy the property. a limited liability company (LLC), provided that:the mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, andthe LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).The servicer must notify the borrower that a property transferred to an LLC must be transferred back to a natural person prior to any subsequent refinance application in order to meet Fannie Mae’s Selling Guide underwriting requirements.The way I read it, you can transfer to your LLC.

30 January 2017 | 12 replies
For FHA loans, at least one borrower must occupy the property and sign the security instrument and the note in order for the property to be considered owner-occupied.

25 January 2023 | 4 replies
I'm seriously the only person in the whole city of Nashville that can't play a musical instrument.

24 March 2023 | 20 replies
I'd need to look at all of the various instruments in the chain to have a properly informed opinion but from what I've read in your posts a few things come to mind.I understand you purchased the property and received an Owner's Title policy.

22 September 2021 | 1 reply
Such powersshall include, without limitation, the power to:(a) Expend Limited LiabilityCompany funds in connection with the operation of the LimitedLiability Company's business or otherwise pursuant to this Agreement;(b) Employ and dismiss fromemployment any and all employees, agents, independent contractors,attorneys and accountants;(c) Prosecute, settle orcompromise all claims against third parties, compromise, settle oraccept judgment on claims against the Limited Liability Company andexecute all documents and make all representations, admissions andwaivers in connection therewith;(d) Borrow money on behalfof the Limited Liability Company from any Person, issue promissorynotes, drafts and other negotiable and non‑negotiableinstruments and evidences of indebtedness, secure payment of theprincipal of any such indebtedness and the interest thereon bymortgage, pledge, property of the Limited Liability Company, whetherat the time owned or thereafter acquired;(e) Hold, receive, mortgage,pledge, lease, transfer, exchange, otherwise dispose of, grantoptions with respect to, and otherwise deal in and exercise allright: powers, privileges and other incidents of ownership orpossession with respect to a property of whatever nature held orowned by, or licensed to, the Limited Liability Company;(f) Lend any of the LimitedLiability Company property with or without security;(g) Have and maintain one ormore offices within or without the State of Iowa;(h) Open, maintain and closebank accounts and money market mutual fund accounts, and draw checksand other orders for the payment of monies;(i) Engage accountants,custodians, consultants and attorneys and any and all other agentsand assistants (professional and nonprofessional) and pay suchcompensation in connection with such engagement that the Managerdetermines is appropriate;(j) Maintain such insurancerelating to the business of the Limited Liability Company, and uponsuch terms, as the Manager determines is appropriate;(k) Enter into, execute,make, amend, supplement, acknowledge, deliver and perform any and allcontracts, agreements, licenses, and other instruments, undertakingsand understandings that the Manager determines are necessary,appropriate or incidental to carrying out the business of the LimitedLiability Company.In exercising their powers,the Manager may (i) rely upon and shall be protected in acting orrefraining from acting upon any resolution, certificate, statement,instrument, opinion, report, or document believed by them to begenuine and to have been signed or presented by the proper party orparties; (ii) consult with counsel, accountants, and other expertsselected by them and any opinion of an independent counsel,accountant or expert shall be full and complete authorization andprotection in respect of any action taken or suffered or omitted bythe Manager in good faith and in accordance with such opinion; and(iii) execute any of his powers hereunder or perform any dutieshereunder either directly or by or through agents or attorneys.

29 November 2022 | 25 replies
Dave Foster from 1031 ERG on here was instrumental, as was my lawyer Jeff Tinkham in downtown Norfolk.

18 February 2023 | 17 replies
They will be instrumental in your due diligence process.

17 November 2022 | 15 replies
Maintain reasonable peace and quiet with other tenants/neighbors and pay for any caused damages therein; no fireworks; No disturbing TV’s, sound systems, musical instruments, or other disturbing activities; No fireworks of any kind.
2 January 2010 | 15 replies
Play them like a musical instrument to any beat you like!