Yosef Sara
Need Advice: Contractor Dispute Delaying Project Completion in River forest
17 December 2024 | 1 reply
Have 2-3 contractors look at the job and get written estimates on what it's going to take to finish the job, correct the mistakes, pass occupancy certification etc. use those estimates in your countersuit / mediation process. 4.
Blake Grzybowski
Can't find Pre-Foreclosure Properties
15 December 2024 | 8 replies
Very rarely are there postings in Notice of Judgement of Foreclosure docs and Certificate of Forfeiture of Real Property.
Lolo Druff
Buying a house with tenants in place
11 December 2024 | 5 replies
Quote from @Lolo Druff: Just like turn signals, you should always trust, but verify that the seller is telling the truth.Your offer to purchase should include a requirement that the Seller provide all documentation and agree to sign an estoppel certificate (also called an estoppel form or agreement).
Felicia Richardson
Fannie Mae HomeStyle
11 December 2024 | 8 replies
Unused contingency funds, unless they were received directly from the borrower, must be used to reduce the outstanding balance of the renovation mortgage after all of the renovation work has been completed and the certification of completion has been obtained.The loan is not re-amortized.Draw Schedule:The HomeStyle program has a maximum 4 draw process.The initial draw can be up to 50% of the total project and can be for materials for the project.The final draw will be at least 10% of the total project as retainage and funds will be released upon receipt and approval of final inspection, Certificate of Completion from Appraiser, signed All Bills Paid Affidavits and Lien Waivers.Additional Draw Information:Ø Signed Draw Request by borrower and contractorØ Signed All Bills Paid AffidavitØ GMG review and approve the draw request and will release funds for disbursementØ A check will be issued in the name of the borrower and contractor and delivered to borrower via USPSØ An inspection of work to date will be performed at 50% completeFinal Draw Information:Ø Signed Draw RequestØ Final inspection/Completion Certificate will be required for release of final fundsØ A Title Update showing property free from lien or encumbranceØ General Contractor’s Lien Waiver AffidavitØ Affidavit of Completion GR will review and approve the draw request and will release a check in the name of the borrower and contractor.Change Orders and Cost Overruns:Changes to the initial plan are not permitted unless prior approval by Guaranteed Rate.
Dan Sundberg
Advice on running numbers in Michigan/Grand Rapids
13 December 2024 | 7 replies
Happy to connect if you have any additional questions.State of Michigan Property Tax Estimator: https://www.michigan.gov/taxes/property/estimatorGrand Rapids MI Rental Certification: https://www.grandrapidsmi.gov/Government/Programs-and-Initia...
Kyle Fitch
Why Real Estate Over Stock Market?
6 January 2025 | 57 replies
I have annual certifications and recertifications for them yada-yada.
Bryce Adams
Howard County, Maryland Land Valuation
10 December 2024 | 4 replies
The tax certificate will expire, so if you never start the foreclosure process what was the point of purchasing the lien?
Birinder Singh
Advice on barment / foreclosure process
10 December 2024 | 1 reply
.- Also, from my research I've come across the option to use Tax Title Certification instead of barment.
Alfredo Ahumada
Acquired Tax deed property at county action with 2 deceased owners
11 December 2024 | 4 replies
Do you have their death certificates or can you confirm that?
Veronica Morss
Lead Cert & Rental Registration: Has anyone been able to rent out prior to obtaining?
5 December 2024 | 4 replies
Quote from @Veronica Morss: I just finished rehab on my first Cleveland property and we're waiting on the lead certificate to come back which I'm told 30-60 days.