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21 December 2024 | 14 replies
You'd want to make sure you can sign out of the country through the embassy, as not all lenders/title companies allow this
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30 December 2024 | 10 replies
As the title of the post mentions, I am taking on an extensive rehab this coming year and am really excited for it!
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17 December 2024 | 1 reply
Some damage from WDI, which seller will have to address this before close.Seller is paying all closing costs, survey & title, they did a rate buy down to 5.49%, and a year warranty.
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19 December 2024 | 3 replies
Most HELOCs will require that the property is titled to you, not an entity (like an LLC) and require using your income, employment history and DTI to qualify. 3.
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19 December 2024 | 6 replies
Lastly, know that any conventional loan likely has a 'due on sale' clause, where if you change the title of the property, they can call your note due.
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19 December 2024 | 37 replies
I know this is hindsight but when ever you lend money you should get a Lenders title policy and give escrow instructions to the title company that your loan is to be in first position.
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17 December 2024 | 27 replies
Most also don’t allow the property to be titled to an LLC/entity
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16 December 2024 | 2 replies
This is correct, but that .5% is IN ADDITION to all the other closing costs associated with a refinance (Title/Escrow Fees, prepaids, and depending on the bank, Underwriting / processor costs) - so in reality it can be a little more expensive to refinance with IRRRLs.
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14 December 2024 | 6 replies
Just add novation language allowing the change of buyer name and inform the title company and lender of the change ahead of time.
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15 December 2024 | 2 replies
Acquired a double lot for $112k after resolving title issues and paid $360k for construction, creating a 6-bed, 5-bath house designed for co-living or multi-gen use.