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26 January 2025 | 6 replies
The family purchased a lakefront property in a nice area three years ago but then ran into a series of issues, and have abandoned the place because of them.They are hoping the bank allows a short sale (asking for roughly $20,000 under what is owed)Here's what's made them so unhappy:Anytime they used the laundry it was dumping into a dry well, which would back up into the house forcing them to take their laundry to a laundromat instead!!
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15 January 2025 | 8 replies
The process protects both their system and users against fraud and aligns with banking regulations, especially given the financial data involved in property management.
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7 February 2025 | 115 replies
We neeed licensing for wholesalers as well as the banking and mortgage industry to start calling more notes due.
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30 December 2024 | 24 replies
This is a major processing platform used across the US which accepts legitimate payments from any banking institution. 6.
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31 January 2025 | 29 replies
.: Quote from @Jay Hinrichs: Quote from @Matthew Banks: Very interesting post John.
31 January 2025 | 6 replies
In my experience, you can absolutely use hard money in bank owned reo auctions...you still don't generally get access and thus need a lender who does need an appraisal in this scenario.
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15 January 2025 | 15 replies
Some banks recorded assignment behind our loan other banks just held the orginals in their vault along with an alonge.4.
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22 January 2025 | 14 replies
If youre wanting to make a cash offer, all I can say is that Ive never seen a competent seller/listing agent accept a cash offer without proof of funds, meaning a bank statement or similar document(s) showing liquid cash for closing.
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30 December 2024 | 5 replies
Quote from @Marc Shin: I saw a video by Miles Golden and he said you change transfer your primary mortgage to a HELOC, and then you can pay all your bills out of the HELOC and pay off your mortgage in 3-12 years.
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16 January 2025 | 2 replies
That is a true portfolio loan with a commercial loan and through a commercial lender or bank that provides portfolio lending.