Arif Khan
Commercial note buying forms
5 March 2013 | 4 replies
Funds are paid, representations and agreements are signed and the note is assigned with an endorsement and filed.Usually a buyer will ask for a package of documents, I'd want to see;Copy of the note and deed of trust, Commercial deal, a copy of the settlement for the transactionA list of inventory collateralized and copies of the UCC filingsA copy of the first lien as filed with terms and payment requiredPayment history of the note, with verification of receipt/depositsCopies of any loan modifications or extensionsAppraisal on the property at sale on RE and equipment if anyA letter simply desiring the intent to sell with a description of the note with the book and page county as filed.
Corinne Faivre
Underwater condo
22 January 2014 | 2 replies
The condo is in FC with sale date of March 20th 2014.150k loan + 28K in arrears with bank + @ 4 K in arrears with HOA.The condo is worth @ 50K -55KThe bank will do a in house modification to extand the loan and maybe fixe the interest rate to 3 or 4 %.What are your recommendations?!
Wendell De Guzman
Anyone heard of Hedge fund buying Jumbo Notes - One at A time?
27 January 2014 | 5 replies
You can not force a borrower to agree to an unfavorable modification.
Account Closed
Historical homes
31 January 2014 | 10 replies
Usually they are only concerned with exterior modifications, but depending on the property, there may be interior restrictions as well.Some examples of historic requirements that drove up the cost of the porch project.1.
Angela Ruiz
For my profile on BP...
23 February 2018 | 4 replies
From the Linkedin help page with a few of my own modification to make it specific for this site.You can share your own profile on Facebook, Twitter and Biggerpockets at any time.Click Profile at the top of your LinkedIn homepage.Click the Edit Profile button.Find the link to your profile, it is directly under your profile pictureCopy you profile link and paste it in to your profile on BP.
Account Closed
Is a 250,000 duplex worth it for my first investment?
30 January 2014 | 10 replies
Would ARV still be the right term to describe it after I have made some modifications to the units?
Timothy W.
You know you're a real estate investor when...
16 February 2012 | 110 replies
When you fax a complaint to a loan modification manager and in less than 24 hrs the foreclosure sale stopped with no notification to the homeowner....And the sale isn't rescheduled for next week...Like they never attempted to try to foreclose...wonder if it's because my case is so documented...I offered to file suit against WachoviaWells FargoCitiHomeqAmeriquest a bankruptcy attya bankruptcy trustee...its a shame...I believed in this business for so long!
Jeremy Sharff
I'm the short seller...
28 April 2008 | 4 replies
The first thing that they will do is qualify you for a loan modification.
Luis Leiva
Short Refi ?
2 April 2008 | 0 replies
I understand it very similar to a loan modification or a forbearance, but the deficiency is forgiven.
Michel Lautensack
If you could ask one thing about how to raise private funds for real estate investing what would it be?
12 January 2010 | 19 replies
Just as bank modifications to "struggling" homeowners which come with $500 processing fees make no sense so does your website "ask."