
23 March 2022 | 2 replies
I saw recently that Fannie Mae released new guidance on the due-on-sale clause where they are no longer enforcing when someone transfers ownership to an LLC owned by themselves.The quote and link below:"A limited liability company (LLC), provided thatthe mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, and the LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence)."

16 March 2022 | 1 reply
February 2022 Housing Market Update for Austin, TX MSAFebruary 2022 statistics have been released for the Central Texas Housing market.
16 March 2022 | 1 reply
It should be significant enough that it can never become cheaper to just quit working on the permits than it does to lose the escrowed funds.Ideally it could even stipulate the conditions under which they would release funds so that there isn't a later quarrel over you obtaining the money for the repairs if it does become necessary for you to make a claim for the funds.

20 March 2022 | 8 replies
The other problem I foresee is you will not be able to release individual properties form the portfolio.

19 March 2022 | 13 replies
The water was so bad they had to drill holes in the ceiling to release the water.

20 March 2022 | 10 replies
For example, everyy time she lets you buy a property, celebrate with a weekend getaway or a real nice dinner or some other prize to celebrate together.

31 March 2022 | 6 replies
agree with Andrew, and also sometimes you're just out of our Earnest money and walk away, but typically ,you if enough info found, you could do mutual release with no issue.

3 April 2022 | 6 replies
The "locked in" time would be a contingency period, you typically have 5-17 days to do an inspection (due diligence period) to get the title info, disclosures, inspection (any inspection done), and then release that contingency.

12 June 2022 | 1 reply
I heard they were releasing some of their single-family home purchases in the Phoenix area but I don't know if this was small profit-taking to balance the books or a sizeable release of homes back onto the market.
20 April 2022 | 12 replies
They changed the deal, no go.2) hold back a significant chunk of closing money in escrow, to be used for any legal costs /non payment of rent, cash for keys etc. released only when tenant is out.