
7 February 2007 | 9 replies
.) -- including a lien on the stock of a cooperative housing corporation (a “co-op”) -- no lender can enforce its due-on-sale clause due to any of the following prevalent circumstances:(1) The creation of a lien (or other encumbrance subordinate to the lender's security instrument) that does not relate to a transfer of rights of occupancy in the property;(2) The creation of a purchase money security interest for household appliances;(3) A transfer by devise, descent, or operation of law on the death of a joint tenant or tenant by the entirety;(4) The granting of a leasehold interest of three years or less* not containing an option to purchase(5) A transfer to a relative resulting from the death of a borrower;(6) A transfer where the spouse or children of the borrower would become owners of the property;(7) A transfer resulting from a decree of dissolution of marriage, legal separation agreement, or from an incidental property settlement agreement, by which the spouse of the borrower becomes an owner of the property(8) A transfer of the borrower’s property into an inter vivos trust in which the borrower is and remains a beneficiary and which [trust agreement] does not relate to a transfer of rights of occupancy in the property; or(9) Any other transfer or disposition described in regulations prescribed by the Federal Home Loan Bank Board.
6 February 2007 | 2 replies
It was fully operational when I took it over and I have been developing it since then.

11 February 2007 | 4 replies
Most property manager's suck because they don't run the operation like an owner would.

5 December 2011 | 9 replies
It doesn't make sense sometimes how banks operate but they dont care.

23 February 2007 | 8 replies
This is a must if you dont' want to lose a lot of rent (and driving time) on turnovers.I don't rent to smokersIt is a RESIDENCE, no operating a business from the house.

1 July 2007 | 8 replies
It does a good job of explaining the main concepts and how different states operate using 1 of 4 major methods.

9 December 2020 | 6 replies
Recently, our meetings moved to a virtual format.

10 May 2008 | 21 replies
I would suffice to say, if you call yourself a bird dog or referral specialist or jobber or wholesaler, and that is what you actually do by the aforementioned descriptions, you are still operating within the spirit of the law and what it was intended to be and should not have legal problems.

6 March 2007 | 12 replies
Throughout the United States, operating expenses run 45% to 50% of the gross rents (including paid maintenance, paid management, and capital expenses).
27 February 2007 | 0 replies
We operate only in our market area of CT with income producing multifamilies.