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29 May 2024 | 14 replies
If they caused you damages due to their violations of rules governing licensed brokers, you may be able to make a claim through the Real Estate Recovery Fund.2) either you or your attorney send an official termination of services letter (if you haven't already), wherein you need to demand that they remove listings, return to you your property they are holding, disburse your money to you by a date certain. 3) if they fail to comply with your demand, contact an attorney to prosecute the remedy.You can attempt to re-list your property yourself or with a new management company, but you may run into problems with listing websites when they see an existing listing for the same property.
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25 May 2024 | 14 replies
Also, in Southern CA, we have a lobbying group named the BIA (Building Industry Association)...they lobby for pro housing legislation both at the state level and city/county level.
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31 May 2024 | 111 replies
This duplex was initially custom-built for a local heiress, but by the time I ended up with it, it couldn't pass a housing inspection by a blind code official.
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26 May 2024 | 45 replies
Looking forward to meeting you officially!
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27 May 2024 | 23 replies
I usually just send a screenshot of a bank accounts, but I have seen others get their bank to write an official dated letter saying they have at least X available to withdraw immediately.I would not consider the letter you attached as a proof of funds, nor a contract offer, its more like a letter of intent?
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25 May 2024 | 13 replies
Maybe that means we refinance sooner rather than later and have an official sale to make it clean.
25 May 2024 | 14 replies
All of this can be summarized as, "this strategy will improve your cash flow and give "some" appreciation but not the same appreciation as officially converting the home to a duplex". 3.
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23 May 2024 | 3 replies
(We don't want government officials coming after us and it being on our burden to prove why we're exempt.)
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23 May 2024 | 35 replies
Being on title protects the seller from the buyer defaulting - it seems this is an alternative to "officially" putting them in a 2nd position)-- Title company sends seller the $350K they require-- Title company sends buyer back $650K (which they can use to pay off their transactional lender if they used one)So now the seller is happy bc they got the $350K they needed, the buyer is happy bc they acquired a property for zero dollars out-of-pocket, and from what I understand the 1st position lender is happy bc due the LLC arrangement the seller finance component is not technically considered a second lien on the property.
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22 May 2024 | 3 replies
I have even heard interviews of officials (I think from the Office of Thrift Supervision) where they say they also have never heard of it being enforced.