My background consists of over 5 years of mortgage experience.3 years as a loan officer with a national broker.2 years of with a national lender, in the appraisal review department.In the last year I have decided to get into the appraisal business, as an account executive for a national appraisal company, which I am finding is a great way to stay connected within the mortgage business.Before my career in appraisal/mortgage , I attended Salem State college in which I received a degree in Liberal Studies.

I have an important quesitons for those who might know:If you write a real estate contract on a property which is accepted by all parties, fully executed, then it "falls through" due to financing or other things...

Do I execute a purcahse contract with the seller and then execute a new purchase contract with my buyer for the higher amount?

But, it could be much worse, if, just say, the tenants grow pot in the basement and the cops trash the place executing a search warrant.So, if you want to make money as a landlord, buy places you can rent for enough money to get you the return you want.

In some areas the price range would be a starter home while in others you are talking top end executive homes.

Sell it with the land and you could exchange it into any other real estate.BTW, with only $2K in profit it would not be worth it to set up and execute a 1031.

I think our agents idea is that most folks don't ever execute the deal and in the mean time we have someone in place paying the mortgage who will hopefully take care of the property.

Real smooth execution for my deals.John Corey

I have 3 questions:1) Who is the senior mortgagee - the bank who recorded their mortgage first or the bank who executed the mortgage first?

You read, made a decision and then executed.