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21 April 2024 | 8 replies
This is called a Deed in Lieu Foreclosure or Deed in Lieu (DIL).As an option to avoid a long drawn-out foreclosure process (more painful for the lender than the borrower), your friend might be able to negotiate a deal with her lender to accept the property and wipe the slate clean.
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21 April 2024 | 7 replies
Im just worried that my lender won’t be able to accept the check because it has my personal name on it not my llc
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22 April 2024 | 17 replies
You have already accepted them as tenants and they have a right to know that YOU have authority to sign their lease.
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21 April 2024 | 25 replies
The next thing you know someone else's offer is accepted because NACA did not return a call or was unavailable.
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21 April 2024 | 17 replies
Here's what I did: - I contacted many of the Hard Money Lenders found here on BiggerPockets, and asked them if they had a credit fund and were accepting LP investments. - I learned, through the course of these discussions that these funds are wildly different. - I created a picture of a fictional "perfect" fund that met all of my criteria. - Because nothing really came that close, I ended up just buying notes directly.
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20 April 2024 | 4 replies
The payment they make goes toward November and next one December…Now as the lender you can also say “we are only accepting full reinstatement” which is November through April and if they send money you can send it back or hold in escrowThis is why a servicer and attorney come into play because I have seen people go to foreclose and prior to foreclosure accept one payment and in that state you cannot then foreclose.
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21 April 2024 | 13 replies
I ended up not investing for a few reasons even though the syndication sounded interesting:- They said they were oversubscribed but would still accept some additional funds.
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18 April 2024 | 16 replies
If you follow that advice that means of all the mainstream strategies you're pretty limited limited to BRRRR or flips.
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18 April 2024 | 4 replies
What steps do I need to take or issues I should look out for if I end up accepting a tenant and their voucher?