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4 May 2015 | 3 replies
You could file a memorandum of pending sale, it won't take priority over the notices for foreclosure but it could be seen by potential buyers at any sale, discourage interest, and that can have consequences if you fail to close, so see your attorney
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29 June 2015 | 9 replies
I am in the Atlanta area and I'd like to find houses to rehab but whenever I search on the MLS LISTING...the next day I call and the property is pending.
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15 May 2015 | 2 replies
Then another 20 minute conversation that ultimately led to her calling her supervisor and "escalating" this file because of the pending foreclosure that they can't halt!
31 August 2015 | 5 replies
Another lender told me that I do have potential to be approved, pending an appraiser verifying the house would cash flow based on the rent in the area, but, I did not tell him the part about my loan company not giving me a true quote on a 30 year plan.
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23 August 2015 | 2 replies
Home Specs: 3/1.75 1500 sq ft, 5400 sq feet lotList price: $375,000Purchase price: $340,000ARV:$440,000 (comps verified with homes sold in 1/4 mile radius in last 30 days, not to mention a few pending listing at $460ish)Rehab: $20,000-Scope of work: -Paint int and ext-finish original hardwood floors 1200 sq ft-new windows- install 1 ext double door -landscape back and front yards -bath1: new shower pan/tile, vanity, bathroom flooring, light fixture -bath2: epoxy coat tub and add tile border, new vanity, new flooring, light fixture -3 new mirrored closet doors-1 water heater-kitchen tile-retouch white cabinets and add modern hardware-5 int doors-door hardware, hinges, electric plate coversHard Money Loan Terms: $300,000 with 3.5 points and 12% interest$40,000 cash for purchase$20,000 cash for rehab$10,500 cash for hard $ points$9,000 holding for 3 months (1.5 month rehab, 1.5 month market and sale)The largest concern is the shower pan in the bathroom caused flooding and destroyed a portion of the bathroom subfloor, I made sure to mention to my inspector that I need him to verify that there are no signs of mold under the home.
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25 August 2015 | 24 replies
Home Specs: 3/1.75 1500 sq ft, 5400 sq feet lotList price: $375,000Purchase price: $340,000ARV:$440,000 (comps verified with homes sold in 1/4 mile radius in last 30 days, not to mention a few pending listing at $460ish)Rehab: $20,000-Scope of work: -Paint int and ext-finish original hardwood floors 1200 sq ft-new windows- install 1 ext double door -landscape back and front yards -bath1: new shower pan/tile, vanity, bathroom flooring, light fixture -bath2: epoxy coat tub and add tile border, new vanity, new flooring, light fixture -3 new mirrored closet doors-1 water heater-kitchen tile-retouch white cabinets and add modern hardware-5 int doors-door hardware, hinges, electric plate coversHard Money Loan Terms: $300,000 with 3.5 points and 12% interest$40,000 cash for purchase$11,000 possible payout for selling agent commission$9,000 closing cost (will attempt to have seller pay closing)$10,500 cash for hard $ points$9,000 holding for 3 months (1.5 month rehab, 1.5 month market and sale)The largest concern is the shower pan in the bathroom caused flooding and destroyed a portion of the bathroom subfloor, I made sure to mention to my inspector that I need him to verify that there are no signs of mold under the home.
27 August 2015 | 2 replies
There is a pending lawsuit from the mortgage company that holds the first mortgage against the property, Lis Pendes.
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28 August 2015 | 7 replies
If they still have those records on file you should be able to trace the developer family down.Thanks Chris...There was an offer that took it off the market (pending) but then reappeared.
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27 August 2015 | 21 replies
I also look at the active and pending listings as well in order to gauge what people think they can sell for and to assess the competition.
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1 September 2015 | 6 replies
Got both units ready to show and then had pending tenants pay deposits on both units.