Available at: http://fhfaoig.gov/Content/Files/AUD-2014-014.pdf 3 PROPOSED REGULATORY PRUDENTIAL STANDARDS FOR NON-BANK MORTGAGE SERVICERS Figure 2.

Have your 2 years of tax returns and a few months of pay stubs in a file ready to send to the bank when they ask.

I checked w the county and nothing has been filed w a probate attorney.Can anyone help me figure out how to contact the new owner?  

Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood Luck Paul 

Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood Luck Paul 

Thank you for contacting me and reaching out to discuss the note.I asked the bank to pull a new title search just to make sure that they haven't gotten a 2nd lien recently.And, yes there is an assignment of rents that has been filed but the banker explained that she is not certain whether or not it is being enforced.Taxes are owed from 2012 through the current tax period totaling $25,031.62Note purchase price is 100-120.Outstanding Loan amount - As of Aug 6th 2015 137,935.198 plus accrued but unpaid interest at the non-default rate of 10,212.43; late fees of 759.52 and other bank fees of 2,494.66 totaling 151,404.81.

I have gotten as far as figuring out the 25% standard withholding tax, and filing the section 216 to have that withholding done on net income rather than gross, just wondering if anyone can add some insight to the process or point to some good resources and or professionals that might help give me some insight and confidence, or point me to best practices where this is concerned.

Yes, you can exercise the option but that also brings up my original point on options, to many other potential issues can prevent you from acquiring title e.g. seller bankruptcy, liens, additional borrowings, etc., and yes you have legal recourse to mitigate these issues but that doesn't necessarily mean the financial means will be available to cure whatever the issues are that may arise.My suggestion would be to seriously consider an acquisition of this magnitude where you acquire fee simple title.

If so, I'd recommend they take care of it, and then document it, and file it for later so you can show the conversation.If it's more than just the clothes - I can't speak to your obligation at this moment, but you'll certainly have one later if the tenant raises mold concerns.

It costs $125 to file an LLC yourself in NJ.