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19 June 2024 | 12 replies
From there while you are in escrow you'll need to have an attorney draft the promissory note and mortgage instrument.
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19 June 2024 | 32 replies
Both FNMA and FHLMC permit this, under the following circumstances: Notes: For all such transfers affecting mortgage loans purchased or securitized by Fannie Mae on or after June 1, 2016, the transferee is not required to occupy the propertya limited liability company (LLC), provided thatthe mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, andthe LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).The servicer must notify the borrower that a property transferred to an LLC must be transferred back to a natural person prior to any subsequent refinance application in order to meet Fannie Mae’s Selling Guide underwriting requirements.Citation: D1-4.1-02: Allowable Exemptions Due to the Type of Transfer (04/13/2022)Now, you will still have the Note and reporting in your name individually and will still be personally responsible for the mortgage and most likely, the manner of transfer will enable any litigant to pierce the veil of your LLC, but you'll have what you wanted, for whatever reason.
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17 June 2024 | 18 replies
I'd love to learn how to set up systems for AI follow up automation.
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18 June 2024 | 10 replies
I like it because it is free, the tenants can pay online, it is automated, etc.
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18 June 2024 | 12 replies
Better interface that is more intuitive and easier to automate, while VRBO hasn't been redesigned since 2005 and I have to click around a lot more to find the basic info I need to prepare for the booking (set door codes, automated welcome messaging, etc).
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17 June 2024 | 16 replies
They specialize in vacation rental turns and offer some pretty nice features like automated scheduling & cleaning reports.https://maidthis.com/fishers 317-792-5524
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17 June 2024 | 6 replies
I thought fee-simple, lease hold and life estate etc. as types of ownership, and condo and co-op are created using other legal instruments.
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18 June 2024 | 0 replies
This means they are bundled together and turned into bonds, financial instruments that pay out interest (yield) to investors looking for a steady, fixed return.
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17 June 2024 | 3 replies
We don't want the headache of charging those fees, even though they can be automated.
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19 June 2024 | 42 replies
The likelihood of all of these occurring is low in a typical subject-to transaction. its why way back in our day we did these with wraps CA has a debt instrument called an All inclusive Deed of Trust it wraps the orginal mortgage it is a second in function my dad had a company called CA wrap back in the day and did hundreds of them.. its de ja vu all over again.. he did this during the Carter interest rate spikes just like sub too is now coming to light in a big way because of interest rate spikes..