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21 January 2025 | 6 replies
If you do not regularly file for evictions, you'd best retain an attorney.
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20 January 2025 | 2 replies
If it's beyond the regular duties, then yeah, a fee for his time is valid.
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13 January 2025 | 11 replies
Most of the buyers are just regular folks looking for a home, so they are not at all thinking about cap rates.
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22 January 2025 | 0 replies
Leveraging our market connections, we identified the property’s potential and negotiated favorable terms directly with the seller, securing it at a highly competitive price.
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6 February 2025 | 11 replies
I also require additional security deposit and sometimes a guarantor if they were approved in this manner.I also agree that this situation sounds like a pattern not a one-time mistake or short term tough situation that caused this.
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24 January 2025 | 6 replies
By negotiating a significant discount, buyers can secure great deals while meeting the seller's urgent need to close the sale.
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29 January 2025 | 21 replies
However, deeds in lieu of foreclosure can be subject to judicial attack by their grantors and their grantors' creditors.Grounds for attacks on deeds in lieu of foreclosure include the following:• That the deed was an equitable mortgage - that the parties intended the deed to be given as security for a debt and that the deed was not an absolute conveyance.• That the deed is either a preferential or fraudulent transaction within the purview of the provisions of the federal Bankruptcy Act or any other related state law.• That the deed is a device to clog a mortgagor's right of redemption.• Unfairness of the consideration.• Coercion, fraud, oppression, duress, and undue influence.• That the deed is not subsequent to the execution of the mortgage but contemporaneous with it.• That the grantor/mortgagor was insolvent at the time of the execution of the deed.An estoppel affidavit (executed and acknowledged by the grantor/mortgagor, attesting to the fairness of the transaction, the consideration exchanged, the value of the property, and other factors showing an intention to make a genuine transfer) or a recital (inserted directly in the deed) are supporting documents used to forestall challenges to these transactions.State law and local title standards must be consulted in regard to the consideration and treatment of deeds in lieu of foreclosure.What a GREAT post!
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23 January 2025 | 11 replies
This forum is super helpful too so I try to regularly review what’s going on and be as helpful as possible.
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28 January 2025 | 14 replies
Here is a presentation I made describing the benefit of doing such vs a regular investment.
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8 January 2025 | 38 replies
In Chicago it regularly dips below 32.