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16 July 2024 | 6 replies
Thanks for the replies and help, after talking with them and the explanation of the eviction given I've decided to rent to them.
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19 July 2024 | 53 replies
My only complaint with them was when the loan was repaid, the title company overpaid the interest due in settlement and 8 months later they still haven’t refunded or provided an explanation- the only response I get back is “that loan sounds familiar and is on my desk but the closing hasn’t been approved”. 8 months later I don’t buy it...Experience 3: Lending one - refi on the house for a long term rental.
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17 July 2024 | 15 replies
@Brian Arcangeli thank you for explanation.
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15 July 2024 | 11 replies
A 1 hour commute is not a problem but you may need to provide a letter of explanation.
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15 July 2024 | 6 replies
Sometimes lenders will want a letter of explanation from you explaining how you plan to manage the property if you're not local, but they don't all require a property manager.
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16 July 2024 | 13 replies
If you have the right language in your contract, you don't have to give any explanation to the seller about why you are canceling or getting written approval from them.
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14 July 2024 | 6 replies
Explanation of Refinancing Option for Foreclosure and BankruptcyWe understand that navigating financial difficulties such as foreclosure and bankruptcy can be overwhelming.
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14 July 2024 | 17 replies
I have not proof read this, so I may have skipped stuff in the explanations.
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12 July 2024 | 8 replies
I have seen it extended with an LOE - letter of explanation as well.Make sure that you have all of the information on the renters like contact info, length of time renting units, pets, and on the walk through make sure the units are well kept if you plan on keeping renters.
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10 July 2024 | 9 replies
@Patrick Roberts thank you for the detailed explanation, now it makes total sense.