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30 May 2017 | 53 replies
He went on to explain that this and another situation like say, buying the house today as owner occupied and turning it into a full rental in 3 months would constitute mortgage fraud because of the advantage one could get as it relates to the acquisition of the loan.I have an extremely hard time believing this considering "house hacking" is such a common strategy across the board.
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4 April 2014 | 19 replies
Not a good practice.Now, you could use an escrow account with collection terms in the lease allowing for acceptance of the full amount, payment not constituting payment until funds are accepted by disbursing escrowed funds.
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25 December 2015 | 10 replies
This does not constitute an attorney client communication or relationship.
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5 January 2022 | 36 replies
At that point (ten percent interest) I'd have to ask myself what alternative investments are there to the illiquid, non-appreciating, high-transaction-cost, political trap of an investment that constitutes residential housing.Yes, long term held, cash flow positive, properties should be safe, but one can very easily, and very much, "go wrong."
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23 August 2019 | 18 replies
An agent not bringing your property to their buyer's attention for whatever reason would not constitute anything that could be proven to be a license violation so mute point.
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1 March 2019 | 4 replies
http://i345.photobucket.com/albums/p392/CapitanCR/...My question with this is does this constitute carpet damage or is this considered wear and tear?
7 November 2012 | 28 replies
Plans for the Distribution of Wealth at Death in the Most Tax-Advantaged way.a.Reviews the titling of all the assets and whether Joint Tenants with Rights of Survivorship makes sense - using the appropriate advice from a CPA and legal counselors.b.Considers who will serve as the executor or trustee and whether a lack of continuity in the financial arrangements is an issue.c.Analyzes the plan to distribute wealth at death to their spouse and descendants for both tax efficiency and control - not as a CPA or Attorney, but bringing in those advisers as appropriate.d.Reviews the charitable inclinations at death for both tax savings and control issues.To create this Comprehensive Wealth Management plan one must consult with an accountant and an attorney to assure accuracy and legitimacy.THIS DOES NOT CONSTITUTE FINANCIAL ADVICE.I STRONGLY urge everyone who reads this to consult with qualified advisers in each area (investments, insurance, accounting and legal matters).
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20 July 2014 | 12 replies
We needed to hire a new contractor to finish, as our GC attempted to bully us into signing off on the final draw without completing work, which would constitute contractor theft.
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27 June 2016 | 2 replies
I'm not sure what you are asking, so I'll give you a couple of answers.If you are trying to use a loan that requires a portion of the property to be owner-occupied, and your daughter is not on the loan, too, then you are not fulfilling the requirements of the loan, which constitutes mortgage fraud.If you are not using a loan that requires owner occupation, then it doesn't matter who is living in the property - it will be an investment property and you can rent it to anyone.House Hacking is a way to earn money using your primary residence.
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7 November 2016 | 3 replies
Such activity would constitute the unauthorized practice of law (“UPL”) and would subject the agent to discipline by the North Carolina Real Estate Commission.