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13 July 2008 | 43 replies
Ensuring your house will pass a Section 8 inspection may require additional items.Even though I got a credit from the seller to fix a broken pipe, I still overpaid, given what I ended up spending.
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3 December 2008 | 12 replies
Commercial leases nearly always require tenants to pay for repairs and maintenance, and the contractual mechanisms for ensuring performance are well-established.2) Get the master lessee to pay a higher lease, but cover the cost of repairs and maintenance yourself (as landlord).
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8 August 2008 | 22 replies
I run a market data analysis company for investors, and we track a great deal of multifamily information including cap rates in a number of markets.
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19 July 2008 | 15 replies
No buyer will buy a house for $250,000 if he can get the same thing for $230,000...regardless of what has happened in the past...unless they are ill-informed.In addition, be careful about "sold" data that a realtor gives you from MLS.
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21 July 2008 | 9 replies
Ensure the offer is submitted to the bank6. wait for the bank to order the appraisal or BPO7.
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5 August 2008 | 48 replies
`(b) Purpose- The purpose of the HOPE for Homeowners Program is--`(1) to create an FHA program, participation in which is voluntary on the part of homeowners and existing loan holders to insure refinanced loans for distressed borrowers to support long-term, sustainable homeownership;`(2) to allow homeowners to avoid foreclosure by reducing the principle balance outstanding, and interest rate charged, on their mortgages;`(3) to help stabilize and provide confidence in mortgage markets by bringing transparency to the value of assets based on mortgage assets;`(4) to target mortgage assistance under this section to homeowners for their principal residence;`(5) to enhance the administrative capacity of the FHA to carry out its expanded role under the HOPE for Homeowners Program;`(6) to ensure the HOPE for Homeowners Program remains in effect only for as long as is necessary to provide stability to the housing market; and`(7) to provide servicers of delinquent mortgages with additional methods and approaches to avoid foreclosure.
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30 July 2008 | 5 replies
Thanks for all of your advises, it turns out this agent is in the middle of quitting (or being fired) from the current broker and getting in to another; he has been sitting on doc for over 3 weeks (mostly basic REO disclosures that needed to be signed and return to selling agent) that he didn’t know how to pull them out of Windforms (Realtor Online Contract data base); asked seller’s agent questions about them over and over; lack of REO knowledge (REO Specialist printed on his card) and couldn’t care less for his last few clients…Relayed the facts above (with a little help from the selling agent) in addition to the tangible misled evident to my agent’s boss and got only 18 moths worth HOA fee ($810) credited.Yes, another rookie’s lesson learn; just didn’t think he would be that much out of line for a major issue like such; considering he’s a 72 year old guy with shallow ethic.
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2 August 2008 | 55 replies
I give more weight to solds than listings, but if there are multiple listings of comparable properties in the same area, then they define an upper bound on the value.Based on that data, I'd say $70K for the first deal is not a good deal at all
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27 June 2009 | 25 replies
Wells Fargo just informed me that I need to have a commercial loan to do this and that they would call for full payment if they found out I moved it.Clearly, this is my mistake for not adequately researching this and ensuring my bases were covered.
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31 July 2008 | 19 replies
A title company may be able to provide data to.