
6 September 2024 | 3 replies
It is also important to know how to sign documents correctly.

5 September 2024 | 2 replies
Is it (a) pre-offer (b) after an accepted offer but before contract signing (c) after contract signing during a due diligence period?

7 September 2024 | 85 replies
This means you will not sign a personal guarantee on the loan to the 401k.

1 September 2024 | 0 replies
The national office market is showing signs of stabilization as major corporate tenants like Bank of America, Fannie Mae, Bain Capital, and Verizon commit to large lease renewals.

5 September 2024 | 7 replies
All of this would be written out in an addendum to the sales contract and signed by both parties prior to closing.

6 September 2024 | 5 replies
We drove by a new for sale by owner sign of another house, and when I was leaving, I drove by.

5 September 2024 | 2 replies
The owner isn't too keen on putting it on MLS and rejected working with realtors but willing to sign a contract with me.

6 September 2024 | 24 replies
Interesting to hear there are anti-RK folks out there, but then again, aren't all public figures subject to scrutiny....I just signed up to download your book -- great looking website and nice logo.Here's a question fitting for the newbie forum: what's the one piece of advice you wish you could go back and tell yourself before your first purchase?

5 September 2024 | 4 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.

6 September 2024 | 6 replies
I like to have a complete financial package assembled and ready to submit to the lender we select as soon as a PSA is signed for the replacement property.