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23 August 2018 | 13 replies
If they still do not comply, I would seek to evict on this premise.I would ignore the boyfriend issue at this point and just evict for non-compliance (entry) or if they allow entry, ride out the last three months and not renew.
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23 August 2018 | 19 replies
You should probably start getting familiar with what they call Non-QM or Non-Prime.
21 August 2018 | 7 replies
the old leases run with the property and are as valid with the old owners signature, as though you had signed it yourself. you can both sign an addendum stating that ownership has changed, but that would be redundant from a contract perspective. more importantly, before taking possession, you want an estoppel agreement signed by current owner and tenant which agrees to the current rents, deposits, and contract terms. otherwise you can take possession and tenant can claim he has prepaid rent for next 3 month or old owner verbally agreed to let him have 5 large dogs.
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14 September 2018 | 8 replies
Knows the market, always gives his honest, non-sugar coated opinion.
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29 August 2018 | 51 replies
We have offered to fix it, or provide funds to do so (mind you - I have not seen any documentation of the issue, only verbal).
24 August 2018 | 12 replies
That document seems to be reserved for involuntary liens, like for example a judgment lien.Foreclosure under a deed of trust is of course non judicial, and is spelled out very specifically in the code, so in that sense is simple, but very detailed.
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23 August 2018 | 5 replies
Good afternoon, I'm looking for a bank that will offer 80% LTV for a cash out re-finance (30 year fixed) on a 3 unit multifamily, non-owner occupant.
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27 August 2018 | 7 replies
Servicing company's won't talk to non borrowers without permission from the borrower.
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6 September 2018 | 9 replies
If you get the loan directly in your name as a non owneroccupy you should be able to get a 30 yr loan - but the fees and the PITA (pain in the a.. ) it is to you it may not be worth it.Ive heard a couple local banks will lock in your loan (or would a year or two ago) for up to 15-20 years - but I think that was for folks with great looking balance sheets and high w2 income and likely no more than a 70% LTV.
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5 September 2018 | 6 replies
A little insight @Brandon Williams, Shorewest pulls data from the MLS's IDX feature, the most up to date data for non Realtors is Realtor.com.3&4 units tend to be in high demand for the casual investor, the debt level is not terrifying, and most owner own maybe 1 or 2 properties, as a diversification play in their retirement strategy, this makes them highly desirable, and pushes the price up.