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25 April 2008 | 8 replies
In some states, it is against the law to collect more than a couple month's rent, so you have to check into that.I automatically turn down any applicant who wants to pay a year in advance.For an existing tenant who has been a good tenant, I would take the money, put it into escrow and pay myself month by month as it came due.Tentant would still be on a month to month agreement and if I wanted him out, I'd give 30 day notice and refund the balance of the rent.An exception: If I rented to college students, they sometimes pay the entire semester's rent out of their grant money.
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31 August 2009 | 41 replies
The notice states that "there does not appear to be any property available to pay creditors".
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28 April 2008 | 3 replies
They start getting notices from their lender that their property is going to go into foreclosure.
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9 May 2008 | 30 replies
I don't know why, but perhaps with English being my second language, and having to try to learn it the best I can, I take particular notice and offense in this area as well.
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2 May 2008 | 8 replies
It seems to me that an organizer might not be necessary, if anyone had a Q&A they wanted to write up, they could do it and submit it, but even better, there are probably a lot of posts already written that would serve well in a FAQ, so when someone noticed that a common question was answered, the text could just be cut and pasted into the FAQ page and then after a while it could be turned into a formal FAQ with minimal work.
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2 May 2008 | 3 replies
If that doesn't work ask the lady on the 2nd floor if you (and your wife or GF) can come sit in the living room one evening to determine the source.Put the tenants on notice with a letter, include with it a copy of the appropriate page of your lease (with the paragraph about loud noises highlited).
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2 May 2008 | 5 replies
When someone doesn't make their payments, the lender will file a "notice of demand", "lis pendens" or some other similar legal document.
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16 June 2008 | 15 replies
As my broker explained it to me last wednesday, 6 months on title has always been a refi guidline for FHA, Fannie, Freddie deals.
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5 May 2008 | 9 replies
So I read ads a lot, and have noticed the 'luxuries' flooding the market: car projects that ran out of money, weekend cruisers, motorcycles, Waverunners, boats, anything that requires lots of high-octane go-juice.
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21 February 2019 | 16 replies
You can just forget doing an assignment at all, unless your buyer is using Hard Money or Cashola.If you are doing a double closing, FHA will not work at all, as they require at least 90 if not 180 days title seasoning depending on a few factors. if you are trying to pull off a double closing, the best bet is to get a cool title company, a transactional funding lender, and a Fannie Mae qualified buyer.