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19 May 2015 | 8 replies
The seller agrees that they may not claim any interest payments beyond closing date in the amount of ___ for the tax year 2015, and that they will forward all 1098s received within 10 days.7) the buyer is under no obligation to pre-pay or refinance the existing loan in any circumstance.8) seller agrees not to enter into any agreement with the lender dealing with payment of principle or interest9) the seller releases all financial interest in the property, not limited to insurance payouts, refunds, escrow accounts, future sale of the property, etc...10) that no part of the document will be construed as a personal liability to the lender, and doesn't modify the seller's obligation to the lender.11)indemnifications, severability, governing bodies, heirs, singular and plural, voluntarily and knowingly, blah blah blah.Disclosures1) Defined the exact nature of the transaction, purchasing the property, not an assumption, lender does not consent, etc...2) We stated that the lender WILL find out, and the risk was not in discovery, but if they decided to accelerate the loan.3) That the buyer could lose all accumulated equity if unable to prevent foreclosure4) That without a formal payoff that the Buyer is taking risks that the loan amount is what it appears.5) That the seller's credit rating could be affected by a payment default6) That, in the event of foreclosure, if the seller wanted to protect their interest in the property they would have to pay the full amount to the lender, that that a foreclosure by the lender would leave the seller with no recourse against the property.7) That the seller may be held personally liable any moneies resulting from a deficiency judgment if the lender didn't recoop their entire balance at foreclosure saleAlong with some other legal mumbo.
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1 February 2016 | 14 replies
The point here is that it is dangerous to adversely possess land because you will likely have to pay taxes to prevent foreclosure from the local governmental body.
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16 August 2017 | 10 replies
I got a tip from someone that told me to help weed out the applicants in the body of the job description ask them to reply with a statement in the subject line like say Job Post 1911 anything really just to see if they can follow simple instructions.
17 August 2014 | 11 replies
Does another community member on the same body of water have to make claims through you to get to the slip owner?
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21 August 2015 | 390 replies
We live in a lawsuit-happy society - don't think for one minute that someone with an axe to grind won't sue everyone from their "mentor" to Bob Snyder and Renatus.It's interesting to note that Renatus has an A+ rating with the BBB and is *NOT* BBB "accredited" - meaning Renatus did not pay for it's rating: it EARNED that rating through it's relationship with its customers....and yes, I KNOW the BBB is a private entity and not related to any branch of the government or governmental body.
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6 December 2022 | 173 replies
Your concerns may be best handled by the regulatory agency below:\par NC Commissioner of Banks\par 4309 Mail Service Center\par Raleigh, NC 27699-4309 \par 919-733-3016\par https://www.nccob.gov/public/ConsumerInformation/Complaints/CIFileComplaint.aspx
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9 April 2020 | 28 replies
Requires ongoing risk management to continuously monitor taxes, senior liens, regulatory compliance, loan servicing.Active = Investing in non-performing notes, note brokering.
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14 January 2017 | 5 replies
Is it a regulatory thing (SAFE Act or other NY law) or just a product of the historic low rates?
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27 February 2017 | 12 replies
Now afte a month of showings, the landlord tell me no body liked because of the cooking smell.