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11 August 2007 | 9 replies
can someone please clarify exactly how to secure a property with my name on the title that i am investing in--i am providing the capital for rehab, we have a contract for sale to end buyer--i want to collateralize my capital with the property--there are no other liens on it-- how do i do this?
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22 August 2007 | 15 replies
My goal is to secure a listing on the property.
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7 January 2008 | 19 replies
the challenge seems to be in finding an escrow/title company that will allow the "double escrow" to be done.....for example: there is an escrow open that is required by the lender once the "approval" from the lender is secured....then there needs to be another escrow opened between the "buyer" and the "end-buyer" on the same property....so, "end buyer" comes into escrow with the $300K plus closing costs, closes existing escrow on the property...then the title/escrow officer walks into the next room and applies the $250K plus closing costs to the original escrow to close that one.in theory and once in the past this was the way it was and still should be...but, now as it seems, most escrow/title companies are not wanting to do the "double" escrow for reasons of "full disclosure" to all parties, for fear of not being "sued" for some type of fraud.those of us not engaging in these tactics get penalized.....but, such is life....i have a title company that has stated they will do a "double" escrow but, will need to let the lender know this fact. not disclose the "amount" the "end-buyer" is paying, merely disclose there is a 'double" escrow in effect....well, obviously this should kill the deal right at the very end....so, not a wise direction to take....
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26 May 2008 | 3 replies
In addition, I'd suggest you to get a secured credit line, such as a secured credit card, to build up your beacon score.If you have any further questions, do not hesitate to contact me, I'll be happy to assist you.
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30 September 2007 | 8 replies
But yeah, that's probably good advice for me to go ahead and have that all done more officially since it looks as though the offer may be accepted.
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18 August 2007 | 3 replies
Too close to a securities law violation and easy to mess up.
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22 August 2007 | 7 replies
Here in NYC it is different, but only for the fact that an agent doesn't even get involved with official documentation.
28 August 2007 | 20 replies
Technical point.You give the lender the mortgage when you borrow money secured by real estate.
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28 August 2007 | 8 replies
Cash must be used to pay security deposits and expenses not allowed as deductible ("boot") exchange expenses.
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22 August 2007 | 4 replies
As you will be fixing the place up their security is improved in many ways even though they are in second.John Corey