Kristen Haynes
National Real Estate Trends- as of July 19th
19 July 2024 | 0 replies
As part of the Biden/Harris plan to boost housing affordability, the White House is proposing a 5% maximum annual rental rate increase for corporate landlords (or forfeit federal tax breaks).Single-family rents rise faster.
Sara Wylder
Foreclosure Auction Scenarios
19 July 2024 | 6 replies
If you fail to show up with the $95,000, you forfeit your $5,000 bid and the property would be auctioned off again.So your bidding money is at risk until you pay the balance.After you win the bid, there is a 10 day redemption period in Florida where the owner can more or less "claw back" the property by paying all the money that is owed to the lender that is foreclosing.
Dale E.
Can you sell a property by owner finance with a mortgage?
17 July 2024 | 1 reply
That money goes towards the purchase if made, or is forfeited if no purchase takes place.
Elena Dubinski
Tax Lien Wealth Builders
15 July 2024 | 50 replies
Tax Sale, Forfeited Land Commission BidThe tax sale is conducted as a public auction.
Amy Lin
Seller refused to vacate the property after closing and leaseback period
11 July 2024 | 5 replies
Anyway, as of today she forfeited her 5k deposit because she refused to close on her new property and the leaseback period has officially expired.
Gabriel Z.
Questions about my Subject-To scenario
5 July 2024 | 8 replies
I remember a specific legal case which required the investor/buyer to pay back a homeowner $100k's in their lost equity, as well as forfeit all the monies the investor put into the house repairing it etc., and their was probably additional restitution they had to pay as well.
Mark Svendsen
How do I know if I shoud accept an offer or relist?
24 June 2024 | 2 replies
The earnest deposit of 40% from the accepted offer is a significant indicator of buyer commitment, but it may be forfeited if the deal falls through due to relisting.While the second highest offer of $2.855M is attractive and already under contract with a substantial earnest deposit, the decision to relist for potentially more (up to $3.15M) involves weighing the risks and rewards carefully.
Alex Todd
Sell now off market or wait 10 months?
22 June 2024 | 21 replies
toward the purchase that they agree to forfeit if they don’t buy the property by the end of the lease.
Ali Jafri
Tenant decides to not move in right before move-in date in New Jersey Rental!
14 June 2024 | 6 replies
For example:"In the event that the Tenant does not decide to move into the property, they forfeit all of their security deposit and monies paid to Landlord.
Michelle Hardy
inspection contingencies for investment property
12 June 2024 | 1 reply
If for whatever reason you waive the contingency, you will forfeit your ability to cancel the purchase contract if there are some serious issues with the home and will not get your EMD back.