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28 October 2024 | 23 replies
I'm currently in the process of closing my first primary residence deal in NYC, and I would like to ask for a piece of advice to the community.The current tenant of the Seller failed to move out by the closing date and the Seller decided to take a legal vacating process.Background- The current tenant of the Seller failed to move out by the closing date and I heard the tenant is avoiding direct communications with the Seller- Not sure from my end if the tenant is willing to moving out but struggling, or maliciously squatting- I have a vacancy contingency in the contract, thus I can back out at my discretion due to this issue, but currently there is no other properties that I want to move on to due to the market condition- The Seller is trying to take a legal action but it will at least take 3 months or longer, no promise to succeedAdvice to ask- My attorney could not negotiate to ask for a penalty for this delay because the penalty for delay was not included in the contract.
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29 October 2024 | 4 replies
Quote from @Matthew Banks: 1.
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30 October 2024 | 18 replies
The company has a points-based system, where members receive a certain amount annually, and they can then bank those points for up to a year and use them to reserve time at various resorts around the world.I have been dragooned into assisting them with defraying timeshare costs by trying to figure out how to rent out the unused points so that they don't go to waste, before I dive into this myself, I wanted to find out if anyone else has experience with vacation rentals with this set-up.
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30 October 2024 | 5 replies
Just be sure you understand the liquidity of the HYSA because there are some banks that only allow a certain amount to be withdrawn each month.
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25 October 2024 | 33 replies
Are you saying DMM is acceptable because other methods CAN fail too?
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29 October 2024 | 131 replies
They'll go see a realtor with the fantasy that they'll get full retail and potentially wind up losing it to the bank, at which point it poses the risk of short sale, which may be worse than a foreclosure.
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1 November 2024 | 12 replies
They are most likely having to do the same thing for banks and other things they were involved in, it shouldn't be anything they have an issue with.
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28 October 2024 | 34 replies
@Ashish Acharya, @Nicholas Aiola, @Dave Foster, @David Orr, @Jason Watson, @Natalie Kolodij, @Bernard ReiszFriends, based on my prior failed attempts to address this issue offline, nobody really wanted to hold this hot potato in their hands.
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28 October 2024 | 2 replies
Quick closings appeal to banks, so cash offers, or fast financing are key.
27 October 2024 | 10 replies
As far as I am aware, there are minimal options for financing in Dominican Republic--either Scotia Bank or a local Dominican bank.