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24 October 2013 | 9 replies
Answer: "Yes, when there is a lien on the property, anything of monetary value on the lien that prevents a transfer of clear title, the bank will take care of those liens prior to the close of escrow in order to close with clear and marketable title.Open permits, unpermitted items the bank does nothing with, buyer inherits the issue"Interesting, I am interpreting this as the 21K lien will be paid or negotiated with the County by them ( even if the origin was due to illegal additions).The actual fixing of the issue (i.e removing the violations) will be the buyer's responsibility.Sounds good to me...
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6 November 2013 | 8 replies
The reason for using shellac over other chemicals (paint, polyurethane, etc) is because the pores are small enough in shellac to prevent the odor molecules from finding their way through.Although this has always worked on my projects, it's possible that yours is bad enough that this won't get rid of all of the smell.
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24 October 2013 | 12 replies
It won't prevent anything from popping up the day before closing.
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25 October 2013 | 6 replies
I have to deal with this all the time as I don't do Sec8 or Pets.A quick google search looks like you maybe ok - "Fair Housing Law State and Federal laws provide “fair housing” protections for certain populations to prevent discrimination in access to housing.
25 October 2013 | 2 replies
yeah i think that sounds great, to prevent more confusion at the title company but im leaning towards a decision to require earnest money, but he hasnt even seen the house in person yet and i dont want to come off as too aggressive (especially if im a co-wholesaler) "addresses aren't disclosed until confirmation of deal has been presented" is a rough draft of what ill reply with, is that ok?
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25 October 2013 | 11 replies
The due-on-sale clause looms large here and most conventional lenders use it as a means to control the property: squelch second liens, prevent lease-options, etc.
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28 October 2013 | 13 replies
BUT (to forestall the wrath of the moderators and/or prevent being banned from the site forever for making such RASH comments....)
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27 October 2013 | 6 replies
According to several contractors, this is not up to code and the pad needs to be at least 2 inches below the interior of the house to prevent moisture/rain intrusion.As such, I feel like I am faced with 3 options1.
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29 October 2013 | 46 replies
I would think securities laws would prevent access to a lot of us... but for accredited investors, I would think there would be a market for syndicated deals as an alternative to bond income...Hmmm, always an interesting conversation here on BP.
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26 May 2015 | 6 replies
It won't prevent window damage, but it will keep folks out or otherwise impede entry and keeps the place from looking as vacant from the outside.