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3 January 2019 | 9 replies
There is no time limit whatsoever on granting any equitable interest, the minute it is granted, it's done, it's been granted and the minute thereafter, the due on sale becomes an issue, at the option of the lender.Any option granted violates the DOS, it being held in escrow or a desk drawer makes no difference.
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8 June 2013 | 21 replies
Sure would be nice to have a clear cut answer to that, but there is not.There are too many variables involved, remaing term, credit, seasoning and proven payment history, collateral, loan to value, property condition and the details of the contract including the security assignement and foreclsoure process.Best to get bids, and look in your area for other investors, including those who buy RE, your best deal might well be from a local individual looking for a good investment.
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15 July 2014 | 15 replies
I can confirm what Dawn says, nothing specific about late fees in the WI code.Related: In order to deduct unpaid late fees from the security deposit, you must specify that you may do so in the "Non-standard rental provisions", otherwise it will be an illegal sec. deposit deduction.
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6 June 2013 | 6 replies
MO Safe Act: Unless licensed, no person may act as a mortgage broker, mortgage lender, or mortgage loan originator with respect to a residential mortgage loan secured by a mortgage, deed of trust, or their equivalent consensual security interest on a dwelling or on residential real estate located in Montana, unless the person is exempted from licensing requirements by Mont.
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5 June 2013 | 3 replies
For example.....25% down = $12,500[u]Then what sort of cash reserves/assets would a bank want to see in order to secure this loan?
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6 June 2013 | 24 replies
Here is frome the seller to the agent""Can you please secure a "verbal/electronic" agreement with Wendy today as follows: We (Seller) accept her offer at $78,500 with Seller contributing 2% to her Closing Costs, with $2,500 deposit and closing within 45 Days.
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13 June 2013 | 2 replies
Find a foreclosure, look at the company that secures them ask the workers that do to give you a heads up on anything that looks meets your standards.
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13 June 2013 | 9 replies
Welcome Carter Catlett Thats interesting, according FNMA's sellers guide "If the mortgage being delivered to Fannie Mae is secured by the borrower’s principal residence,there are no limitations on the number of properties that the borrower can currently be financing"
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15 June 2013 | 6 replies
Strategy, risk level, job/income security, spouse, # of kids, tax situation, age, location, flexibility and so many more.
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17 June 2013 | 10 replies
She takes 6% of security deposit and 6% of monthly rents.