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12 November 2013 | 4 replies
Once educated, however, by all means, get as creative as possible :PTypically, an L-O shouldn't initiate a due-on-sale clause until the actual closing, but that may be entirely dependent on the wording of the mortgage contract.
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20 August 2014 | 45 replies
Lo - if I offer you all cash and close in 2 weeks, what's the Lowest price you will accept?
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28 February 2011 | 6 replies
I take it you're a mtg broker or LO.
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16 December 2014 | 9 replies
I don't think we want to L/O this one though.
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31 March 2016 | 3 replies
@Robert MelcherYes,I have gone through the list on HCAD and lo & behold the foreign owners are all managed by the same company & all purchased their properties the same year - couple months apart.
12 April 2018 | 1 reply
This is the reason why borrowers encounter such sudden refusals to return emails and phone calls from their LO after they sign up to proceed with the loan....."
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28 October 2016 | 7 replies
Yeah you guys confirming my thoughts....that the LO is a slight step above a complete fraud and the 3rd party underwriting company deliberately sabotaged this loan just because they decided they didn't want to lend on a mobile home to a Hispanic buyer...and they decided this at the last minute after ever conceivable hoop was jumped thru with flying colors.
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23 April 2017 | 18 replies
Here's an article from Paul Moorehttps://www.biggerpockets.com/renewsblog/how-to-lo...And here's an article about a scammer "stealing" people's houses, giving real estate investors a bad rap!
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20 February 2017 | 8 replies
ThanksHi John: You need to profit.Free and Clear pretty house is a terms deal: Sandwich or LO AssignmentYou have a free and clear Light rehab.Joint venture with the seller: $370K - resale costs $37K - $20K rehab costs - $2K private lender costs - $10K JV fee to you.Net to seller = $301K in a single payment balloon note, no payments for 90 days (moratorium)You need to get $20K rehab in private lender money.You buy it, fix it, and resell in 90 days.Do not ever LO then rehab.
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23 February 2017 | 1 reply
I guess I would start by asking the LO what the best ways are to communicate with them, what times they are available and for them to lay out the entire process for you - one day for preapproval, three days for loan submission, five days for underwriting, seven days for appraisal, etc.People typically find the LO most responsive up to the point your loan is submitted.