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1 April 2024 | 6 replies
So let's say that you've got a house for sale and you accept a buyer's offer contingent upon the sale of a property they own.Then you get a cash offer from another party wherein their Realtor tells you that in your state, if you, the seller, gets a cash offer, then Buyer 1 has 72 hours to come up with their money or lose their contingent offer.Not getting anywhere looking this up, so BP is the go-to info machine.Something sounds off about this.....?
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1 April 2024 | 10 replies
We do screening.Unless you have specific, written criteria for what constitutes acceptable answers to the 25 questions, you open yourself up for a Fair Housing violation complaint. Â
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2 April 2024 | 5 replies
I don't believe you can just rent to section 8 without having gone through the approval processA rental becomes Section 8 approved when the landlord accepts an applicant with a HousingChoice voucher and requests their local Housing Authority conduct an inspection.
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2 April 2024 | 5 replies
I don't like to pay MI unless I really have to and I'm pretty sure most people would agree about this.Once you are done with the Rehab, you can refinance and pull out as much money as the bank allows, or how much risk tolerance you are willing to accept.Â
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2 April 2024 | 10 replies
Look at this:"In a significant policy change, Fannie Mae has announced that, starting from the weekend after November 18, 2023, it will accept 5% down payments for owner-occupied 2-, 3-, and 4-unit homes.
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4 April 2024 | 32 replies
.-Â The other partner has two options in response to triggering a shotgun - they can either accept the offer for a buyout, OR they can in turn buy the OTHER partner's interest at the offered price.Â
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2 April 2024 | 20 replies
If you are wondering the reason why you need to tell the housing authority to stop paying their portion, it's because you won't be able to evict a tenant for non payment if you accepted partial payment.
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3 April 2024 | 83 replies
It is required to accept an assignment.
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1 April 2024 | 1 reply
If the LTV is within the lnder's acceptable range, typically 75%-80% for commercial properties, the equity you've already built can satisfy the down payment requirement for the new loan.For example, if your property is appraised at $350K at the time of refinancing and the lender requires a 10% down payment ($35K), your existing equity ($50K down payment plus any principal reduction) would more than cover this, eliminating the need for additional cash outlay.
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2 April 2024 | 45 replies
You may need to make 50 legitimate offers before you get one accepted.