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Results (10,000+)
Jeff S. Holding Company?
15 March 2011 | 3 replies
While it's true that anyone can sue anybody and everybody for anything, many lawsuits are settled on terms favorable to the defendant merely because of the entity holding title.The headlines are made when a huge judgement is entered or when a judge or jury elect to throw out corporate law and "punish" a particular individual by piercing the entity veil.
Manuel Mata Wholesale fee vs RE Agent commission
14 March 2011 | 5 replies
Price fixing is illegal so RE companies cannot charge a set industry price.As a Realtor or licensed agent you owe the seller your Fiduciary responsibility.http://www.efmoody.com/arbitration/fiduciary.html The good faith has been interpreted to impose an obligation to act reasonably in order to avoid negligent handling of the beneficiary's interests as well the duty not to favor ANYONE ELSE'S INTEREST (INCLUDING THE TRUSTEES OWN INTEREST) over that of the beneficiary.
Nemi W. "Not a short sale BUT 3rd party approval required" Huh?!?
22 January 2011 | 16 replies
Perhaps her deceit will work in your favor by putting more pressure on her to get a quick response to your offer.
Tim Anderson Getting HELOC for flipping -- interest only?
19 January 2011 | 8 replies
You probably don't care about this much since your hold period is short for flipping.If you are confident exit is date-certain I would be in favor of you paying as little money as possible up front.
Account Closed Flipping Now vs the Bubble times
2 February 2011 | 23 replies
It's his board he owns it :roll: And do me a favor.
Jonathan J. Do not wear Kiddie Gloves: FIRST POST
29 January 2011 | 1 reply
Property is next to newly built lightrail, mall & shopping closeby.SELLERS MOTIVATION:Owner is absentee and wants to sell at favorable terms/owner finance.
Ben Kevan Appraisal completed, results in and 14% in offer price NOW WHAT
26 January 2011 | 11 replies
In all fairness to the current seller, he pulled some pretty good comps, and I've got a realtor friend pulling some comps for me as a favor.
Ayo F. Lender insists on receiving an offer via Agent
1 February 2011 | 18 replies
If the agent lists the property with the owner then the brokerage mentioned in the listing contract has the relationship with the owner.The agent is working on behalf of the broker.Most states have laws that all offers that are written have to be submitted to the sellers.Used to what you were doing was easy to do a few years ago.You could try many different tactics depending on what asset manager you got that day.Many short sales were conducted on the fly with the loss mitigation departments.Now the government has created the short sale streamlined process and many banks have actual short sale departments.This means the process is more automated and harder to manipulate in your favor as an investor.Servicers have to go by strict protocol in their servicing agreements.Not following the agreement can affect mortgage insurance payouts and potential lawsuits from investors who own the loans.The servicer has to document everything and show the least damaging route was taken for the investor.When the loan is a RMBS (residential mortgage backed security) sometimes they would rather foreclose than do a workout with the homeowner.This is because the senior investors position for payoff is first and they don't care about the investors in a first loss position on the security.So what you can do as a short sale will depend on the loan type and who is backing it and the servicing agreement.If it has to be listed they will not proceed until it is done.An hourly worker who has to document steps is not going to fore go one of those steps so that you an investor can gain from it.There is a chance that once it is listed that they will still accept or counter your offer.It also depends on if you are paying cash or asking for expenses.The seller almost never has money on a short sale and any costs have to come off the banks side.
Mary M Mortgage company screwed us over do I have rights?
9 February 2011 | 20 replies
A short lock period also gives the lender the ability to drag their feet if rates move in their favor.
Paul L Selling on L/O - reality check
15 February 2012 | 22 replies
This was an issue for loan servicing which ultimately was viewed in my favor by the Missouri Department of Finance, in other words, financed options were not mortgages or financing of real estate but rather the price of the contract.