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25 May 2021 | 3 replies
I placed a bid on a property through my agent who is not the listing agent, This was Friday (4 days ago) and I was told that they would accept the highest bid by Saturday.
7 June 2021 | 16 replies
If I’m not mistaken, the new requirement in Oregon is a 90 day notice to vacate a tenant after an offer is accepted.
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27 May 2021 | 5 replies
The expiration date of an offer can easily be crossed out and extended with the acceptance of both parties.
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25 May 2021 | 2 replies
The lenders I have spoke with look at my income as a 1099 self employee vs my actual W2 because I accept multiple 13 week contracts throughout the year.
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25 May 2021 | 3 replies
The lenders I have spoke with look at my income as a 1099 self employee vs my actual W2 because I accept multiple 13 week contracts throughout the year.
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22 June 2021 | 11 replies
I don't mind helping them out and I am pretty confident that they will recover after the Chemotherapy, but I guess you never know.There is a limit to what is acceptable.
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30 May 2021 | 13 replies
You accepted the referral from a friend without doing your own due diligence or asking questions.
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27 May 2021 | 9 replies
If you have any doubts....here's the exact verbiage from Fannie Mae:B3-4.3-15, Borrowed Funds Secured by an Asset IntroductionThis topic contains information on borrowed funds secured by an asset, including:• Borrowed Funds Secured by an Asset• Secured Loans as Debt• Reducing the Asset by the Amount Borrowed• Documentation RequirementsBorrowed Funds Secured by an AssetBorrowed funds secured by an asset are an acceptable source of funds for the down payment, closing costs, and reserves, since borrowed funds secured by an asset represent a return of equity.Assets that may be used to secure funds include automobiles, artwork, collectibles, real estate, or financial assets, such as savings accounts, certificates of deposit, stocks, bonds, and 401(k) accounts.Secured Loans as DebtWhen qualifying the borrower, the lender must consider monthly payments for secured loans as a debt.If a secured loan does not require monthly payments, the lender must calculate an equivalent amount and consider that amount as a recurring debt.When loans are secured by the borrower’s financial assets, monthly payments for the loan do not have to be considered as long-term debt.Reducing the Asset by the Amount BorrowedIf the borrower uses the same financial asset as part of his or her financial reserves, the lender must reduce the value of the asset by the amount of proceeds and related fees for the secured loan.Documentation RequirementsThe lender must document the following:• the terms of the secured loan,• evidence that the party providing the secured loan is not a party to the sale, and• evidence that the funds have been transferred to the borrower
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26 May 2021 | 6 replies
I mention that every adult is screened, that applicant must make 3x the rent, and whether or not pets are accepted.
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26 May 2021 | 5 replies
Run owner reports.Free for up to 75 units, $10 if you want the upgraded version to accept rent online or esign.