Kevin Myhre
The bank will not give up the property
10 January 2017 | 17 replies
Banks make decisions by committee, and the realtor is not talking to the committee, if they say they will not sell for 6 months under list price, that is it.
Mary Derman
Who is Mary Derman and where did she come from?
13 January 2017 | 2 replies
Such roles included being on committee chairs or being a grade level team leader.
Brad Norman
Looking for an Outstanding Mortgage Broker in Arkansas
10 April 2017 | 15 replies
What that has meant to me is that the person that I work with at Centennial Bank will actually drive by properties that I'm considering, may know something about the history of the property, etc. and since they generally hold the note themselves on commercial multifamily that street-level knowledge can play into conversation in the loan committee.
Lesley Resnick
How will President elect Trump effect real estate investing?
14 January 2017 | 4 replies
If they start selling bonds, and the market is flooded, interest rates will go down. this is the same economic theory as the FED using the open federal open market committee to affect interest rates by buying/selling bonds on the market.
Scott Saunders
1031 Exchange to be Eliminated: Take action now to preserve 1031s
17 January 2017 | 2 replies
The key people in Congress at this point in time to educate on the transactional activity created by 1031 exchanges are members of the House Ways & Means Committee and the Senate Finance Committee.
Ken Rishel
The Story of Noah in 2016
9 June 2016 | 1 reply
We had to go to the local Planning Committee for a decision.”
Tim M.
Seattle City Council Short Term Rental Regulation Update
1 February 2017 | 2 replies
The Seattle City Council committee for affordable housing met on June 15th to hear public comment about the the proposed regulations for short term rentals/airbnb/vrbo etc.
Miles Stanley
Using hard money on 1st rental (BRRRR) deal
27 July 2016 | 10 replies
They meet as a loan committee after the paperwork was submitted and it was just a yes or no.
Fred Lopez
Long term financing options and avenues for rentals
26 November 2016 | 1 reply
Their Loan Committee only meets two (2) times per month.I would be remiss if I did not mention that LISC normally provides financing for real estate development projects and I am not sure if they provide financing for existing real estate.
Chris Low
Why do banks delay on short sales?
14 December 2016 | 12 replies
Every workout/REO department has its own set of analysts/workout officers that create a write-up (which gets marked up and goes through 2-3 iterations) which then goes to a committee (depending on how big the bank is it may just go to the senior lending officer or chief workout officer), but before that they have to get appraisals, etc. and find out how much of a loss will need to be charged off and added to their ALLL (allowance for loans & lease losses).