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30 May 2024 | 2 replies
So, I may have to find out who this person is or simply go to closing and be prepared to deal with this occupant.On the other hand the bank is having trouble providing the legal corporation paper work required by my title company. here is the latest email from Title to Bank: “Please have the seller (the bank) contact their attorney to provide the needed paperwork.
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2 June 2024 | 2 replies
Seems that someone who is VPBD would not be at this level of detail - but I don’t know how they work.In my research I found:(1) MW506AE is the application for exemption the comptrollers need regarding a 1031x, and needs to be sent in 21 days prior to closing.(2) MW506NRS is the withholding exemption.I think my CPA will handle #2 but #1 is essentially the main form in the whole timeline.I understand what these forms are and would like to get a title company that is also versed in them and not guess what needs to be done.My QI already said they will not fill it out and I guess doesn’t have all the information required for it.
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2 June 2024 | 1 reply
If that park is like most parks 90% of the people that work there won't be able to afford to buy a house anywhere close to the area, and honestly probably won't be able to afford apartment rent anywhere close to there.
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2 June 2024 | 2 replies
They will allow your mortgage payment and any personal debt payments (credit cards, cars, etc) to reach about 45% of your monthly income.Programs vary all over the place so it's best to ask a mortgage broker which programs you qualify for.They like two years on the job, rent paid on time, no liens or judgments, pay stubs, tax returns and so on.FHA has a 3.5% down program plus closing costs.
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2 June 2024 | 18 replies
Then subtract this basis from your net sales price (contract minus closing costs).
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2 June 2024 | 112 replies
You way you are months away from closing.
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2 June 2024 | 2 replies
First time home buyer programs to pay for downpayment closing costs and renovation How did you add value to the deal?
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2 June 2024 | 9 replies
In a scenario where we sell the property (for round numbers purposes not including fees and closing, I have rounded the numbers as is) the profit is $800k , because it has been our primary residence for the last 4 years, are we still sheltered from $500k in capital gains?
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2 June 2024 | 8 replies
Hello everyone,I've been closely examining a property listed on Redfin and am curious about the estimated rehab costs for a project of this nature.
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1 June 2024 | 7 replies
Figured we could try to negotiate lot premiums, design incentives and closing cost incentives ourself.