
12 November 2024 | 3 replies
@Philip MurphyYou would need to have the taxes paid and payoff his mortgage for you to receive clear title and title insurance.All debts on the property must be satisfied to provide clear title
13 November 2024 | 5 replies
I'm applying for fixed 30 yr mortgage refis with investment banks

9 November 2024 | 44 replies
Zombie foreclosures came into existence because at the bottom of the downturn banks/lien holders faced a problem that they had never encountered before.

13 November 2024 | 1 reply
Hi all,I'm sure some have heard of the properties being built by Clifton Homes:Location: 9440 N Adrian AveThey are a fully vertically integrated operation (prop mgmt, construction, and financing).This is their deal:Cash in: $50K6-8 months later:One time refinance to put a long term mortgage on it at or around 75% which gets your $50k back + 16%.

13 November 2024 | 2 replies
Here’s the context:I own a rural property with two rental units:A manufactured home from the 1980s in temporary status with the county (meaning it can’t be replaced), which currently rents for $1,350 per month.A one-bedroom permanent residence that rents for $1,300 per month.My monthly mortgage payment is approximately $1,200, and cash flow is crucial to me right now.

13 November 2024 | 18 replies
If you are paying the mortgage the answer seems to be 95% of the time they won't do anything.

11 November 2024 | 2 replies
The property owner uses the money to pay off as much of the mortgage as possible.

11 November 2024 | 5 replies
Finally, confirm if there are any existing service contracts (for landscaping, pest control, etc.) that may need to be transferred or canceled.

12 November 2024 | 2 replies
I was a PMP on a deal and i gave my partner 3 months' worth of the mortgage in advance to stabilize the property.

10 November 2024 | 5 replies
This is what I’m seeing in the market: Leaning on existing lender relationships is generally the path towards originations these days.