Benjamin Haberman
COLD FEET on a 10 unit deal
17 May 2018 | 8 replies
High turnover; late payments; dodgy complaints; regular tenant-induced damage, and so on...
Michael Wilson
Newbie in Shelton, WA (Mason County)
6 April 2018 | 5 replies
One of the aspects of purchasing that is most anxiety-inducing for investors is in doing a CMA and figuring out the After Repair Value of the property.
Jay Hinrichs
High Desert Land and subdivision map act in the West
3 June 2018 | 5 replies
And during the depression they used these deeds to these lots to induce people to pay to go to the movies.In the northern CA and southern Oregon area they created more in town type lots Clear lake being a famous one.. about 100,000 lots were created there from 1915 to 1930...
Nick Hakim
Contract Dispute - Mortgage Financing Contingency vs. Investors
7 March 2018 | 2 replies
Of course, a judge will not read the "for any reason or no reason" out clause in a vacuum, and will also consider the fact that their is no mortgage financing contingency, but how can I prove that I am not backing out due to financing reasons, but rather due to the fact that I was induced into signing the contract by a seller making false claims about the commercial tenant?
M Mace
State of GA/ Newbie - Security Deposit PLEASE HELP
27 May 2008 | 0 replies
Should the applicant withdraw from this pledge to rent, between the time that the application is approved and the beginning of the Desired Terms of Lease in this application, the Applicant(s) may be liable for the loss of the security deposit, in lieu of the loss of rent induced thereof, plus time and screening of other applicants"[/size]I still believed that is a security deposit not a hold deposit.
Chelsea C.
Just an update on our invesment drama
13 July 2008 | 7 replies
(the contract is online at the previous link provided) We are alleging that the contract was induced by fraud.We have compiled a 3" binder with all the research I have been compiling on Moya, that I was told more than proves our case, and I was also told that it is all admissible in court.
Joshua Dorkin
Bush Changes Mind on Housing Bill: To Become Law This Week
5 August 2008 | 48 replies
`(g) Appraisal Independence- `(1) PROHIBITIONS ON INTERESTED PARTIES IN A REAL ESTATE TRANSACTION- No mortgage lender, mortgage broker, mortgage banker, real estate broker, appraisal management company, employee of an appraisal management company, nor any other person with an interest in a real estate transaction involving an appraisal in connection with a mortgage insured under this section shall improperly influence, or attempt to improperly influence, through coercion, extortion, collusion, compensation, instruction, inducement, intimidation, nonpayment for services rendered, or bribery, the development, reporting, result, or review of a real estate appraisal sought in connection with the mortgage.`(2) CIVIL MONETARY PENALTIES- The Secretary may impose a civil money penalty for any knowing and material violation of paragraph (1) under the same terms and conditions as are authorized in section 536(a) of this Act.
John M.
101 Lessons learned in REI
24 October 2008 | 36 replies
This may induce the owners to feed a negative cash flow (difference of Market Rent and PITI payment).42.
N/A N/A
Money back deals
2 November 2007 | 7 replies
Follow it (intentional and planned deception to induce the lender to do something they would not approve it) and expect possible jail time if the FBI cares to chase you.
William Morgan
Does this qualify as "Consideration"?
6 June 2013 | 7 replies
Earnest money is a form of consideration but not the only form.California Civil Code Section 1605 defines "consideration" to be the following: Any benefit conferred, or agreed to be conferred, upon the promisor, by any other person, to which the promisor is not lawfully entitled, or any prejudice suffered, or agreed to be suffered, by such person, other than such as he is at the time of consent lawfully bound to suffer, as an inducement to the promisor, is a good consideration for a promisor.When the Buyer makes the offer and the Seller accepts the offer the Buyer suffers a prejudice.