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26 August 2024 | 28 replies
I am a general contractor in Chicago, and there is no denying that the inspections can be quite challenging, but we have found the inspection process (for us) has improved over time.
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22 August 2024 | 2 replies
FHA has caught on to this trend & updated the guidelines to prevent people from abusing FHA financing.Here are the guidelines directly from the FHA Handbook:Policy Exceptions Eligibility RequirementsRelocation: A Borrower may be eligible to obtain another FHA insured Mortgage without being required to sell an existing Property covered by an FHA-insured Mortgage if the Borrower is: • relocating or has relocated for an employment related reason; and • establishing or has established a new Principal Residence in an area more than 100 miles from the Borrower’s current Principal Residence.
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22 August 2024 | 3 replies
In other words, you can file your eviction to get rid of the tenant, but you can't "abuse them" on their way out (very paraphrased).
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23 August 2024 | 9 replies
You do not want to be in a position where you look for an outside lender with having no experience and end up being in a position where the loan is denied.
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23 August 2024 | 21 replies
As with anything you can find examples of PMs who abuse this, however, if its not blatant and excessive try your best to relax because I promise if you keep pressing that button you will be looking for a new Property Manager.
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20 August 2024 | 1 reply
Kandy - You would use your home owners insurance unless they denied the claim.
21 August 2024 | 182 replies
Quote from @Dan Denis: @Robert Esposito.no your question I don't get it?
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23 August 2024 | 11 replies
One of the policies we saw had the breed exclusion that said something like... the breed exclusion applies if the dog breed is declared a dangerous breed in that city, state, etc or any surrounding municipality.Literally the city next to the one in question has a dog breed ban that they don't really enforce but as far as I'm concerned would open the door to a dog bite liability claim being denied.
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25 August 2024 | 57 replies
If the professional chooses to abuse this trust...is that not fraud?
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20 August 2024 | 14 replies
I mean it sounds like the lender isn't going to loan on it unless it's repaired.So the answer here is seller repairs it, or financing is denied.