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30 November 2021 | 8 replies
@Tevin Edwards -"Premium" owner financed notes on the secondary market have these characteristics: Single-family residential collateralOwner-occupiedBorrower credit 680+Equity of 20%+UPB of 85K or higherA licensed third-party such as calltheunderwriter.com (no affiliation) can inexpensively qualify your borrower and provide compliance guidance.
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25 November 2021 | 9 replies
Because of that you should not charge either party.
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29 November 2021 | 6 replies
How do you handle price increase by your contractor that was not agreed to by both parties?
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26 November 2021 | 14 replies
The tricky part is remembering where you put the blocking.
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24 November 2021 | 1 reply
I have an SFR on a 1year lease which was executed by an unmarried couple (both folks are on the lease and either could have carried the lease by them self).One party is moving out and the other person is willing to accept the assumption of the lease for the remainder of the term.Any ideas how best to execute the lease transition?
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11 December 2021 | 12 replies
Appraisal came in $1,000 over purchase price so both parties felt it was a fair deal.
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28 November 2021 | 9 replies
or do they outsource to 3rd party?
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3 December 2021 | 10 replies
Hey Marcus, not too sure about the tax-free part... I
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3 December 2021 | 14 replies
In Michigan at least, that EMD won't be released unless both parties have signed agreeing to how it will be disbursed.
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1 December 2021 | 3 replies
Always best to get 3rd party opinions on these matters too if you end up in court.