Jimena Tuis
Escalation clause- please help!
5 June 2022 | 7 replies
The escalation clause should include language that says something like "Offer amount will be increased by $5,000.00 over a bona fide, arm's length offer up to a maximum of $930,000.
Dustin Caldwelll
First Right of Refusal
4 March 2014 | 28 replies
"Resident" has the right to purchase "Property" at the same price and terms as provided to the "Property" owner in a bona fide offer from a 3rd party.
Brandon Turner
Pitbulls as service animals... I don't want to get sued!
20 January 2018 | 65 replies
It's possible that a pit bull is a bona fide service animal.
Seth Larson
VA to Non owner occupied Refi advice
23 January 2016 | 16 replies
In the VA guidelines, I can only find the following verbiage:A basic requirement of the law governing the VA home loan program is that the veteran has a bona fide intention of occupying his or her property as a home.
Nate Roman
Pre-qualified versus pre-approved
2 November 2005 | 10 replies
jandr is exactly right, I just never contemplated "pre-approval" aka"shopping the loan" as a bona fide system.I do my job, and then based on knowing the matrices HAVE a home for the loan based on familarity with lenders and their programs Before Submitting same.Lenders don't like(as a rule) multiple "submissions" while I know this was never mentioned by jandr, this is what 1 would be led to beleive.We don't submit partial or full packages to lenders (normally) for a "pre-approval", we submit them for FINAL approval, clearing of conditions, and funding.I have submitted contingent on credit, spoken w/head underwriters, etc., just prefer to not "shotgun" or even solicit the file unless 95-99% feedback from A/E/Underwriter is positive and we're just dealing with a specific exception to their guidelines...it is NOT wise (imho) to submit a "package" to either multiple lenders, nor to "partially submit" a file unless there is some specific issue w/the borrower/property that needs to be dealt with in advance of complete submission.
Rich Hupper
Two flips this year how to avoid self employment tax
11 October 2018 | 64 replies
If over $130k - then you should really stop worrying about the self-employment tax on the flips, as you would have maxed out on its biggest component: Soc Security.Next, two minimal participation flips might (it's case by case) escape the self-employment tax if they qualify as short-term capital transactions rather than a bona fide flipping business.
Kent Harris
Evictions in Harris County Texas
19 December 2016 | 15 replies
Under the Act, "any immediate successor in interest in the property assumes such interest subject to providing to a bona fide tenant a notice to vacate at least 90 days before the effective date of such notice.
Peter Walther
Alaska appeals court decision on the affect of a mortgage interest described on a CL
24 January 2023 | 0 replies
It determines the rights of an individual lender who inadvertently described his lien on a mechanics lien form as it applies to a bona fide purchaser.
Stephanie Bureau
Getting Paid while Driving for Dollars?
10 April 2016 | 5 replies
@JR T This article says, "Courts have long held that hiring on the basis of sex is permissible where sex is a bona fide occupational qualification in the context of serving privacy interests."
Wes Peters
Purchasing foreclosures, only a game for the rich?
29 January 2017 | 56 replies
., the act applies to a "bona fide tenant" who is leasing at market rate.