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15 April 2018 | 9 replies
Below is info I found on a lawyer's website:Property is Being Sold Subject to HUD Guidelines 24 CFR 206.125This property is a Fannie Mae Reverse Mortgage REO.The code above allows an heir to purchase the property at 95% of the listed price.Other stipulations of this type of property include: Property cannot be sold below appraised value (LIST PRICE)No mediationNo electronic signaturesNo repairs, “AS IS AT TIME OF CLOSING”No buyer closing costs paid by seller are allowed on the HUDBuyer pays HOA Doc & Transfer FeeNo utilities are on.
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22 March 2017 | 2 replies
I am not sure that modular homes have to be disclosed any differently than stick built but I will be checking with the lawyer on friday.
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22 March 2017 | 13 replies
The "S" in KKOS Lawyers is Mat Sorensen.
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20 March 2017 | 3 replies
Of course you can use a lawyer to purchase a property off market.
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14 June 2017 | 6 replies
With the help of real estate lawyer that just made some important calls we speed up the process and as many of you said we were only to pay 6 months back of HOA dues .
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19 March 2017 | 4 replies
For example, should I hire a lawyer to draw up a property management contract?
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18 March 2017 | 6 replies
., happens in business all the time.In corporate america, it is not unusual for a fortune 500 company to have 600-700 entities across the globe for various reasons (taxes, regulatory and liability being the main ones).My "other job" is flipping companies, in a sense, and this structure is common, especially for partnerships with other investors.Commercial RE ($10MM+) is also conducted in a similar fashion.In fact, this is the norm outside of individual investing.You can always get a second opinion from another lawyer and CPA to see if it makes sense for your situation.
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18 March 2017 | 1 reply
Cheryl Naegel speak with a lawyer in your jurisdiction but if you have a adjustment against the tenant and know their bank info, take it to their bank or have your lawyer send a letter to their bank and the bank will freeze their account immediately .
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24 March 2017 | 7 replies
We found 3 more leads that had notices on the doors.So you advise to find the owners and contact them, even though we don't have our financing completely sorted out, no contractor picked, no contracts went over by a lawyer, etc?
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21 March 2017 | 7 replies
Encourage him (and thusly others) to do it the right way, using Lawyers, accountants, Title companies, Escrow.