22 April 2015 | 14 replies
Not to mention forgery is a federal offense I believe.
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6 March 2015 | 7 replies
The money I used to purchase this was a hard money loan from a friend at applicable federal rate .28%.
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3 March 2013 | 14 replies
I know it's hard to believe but it all part of government and government regulated industry: bad behavior is rewarded, good behavior is punished, failure is rewarded, success is punished.
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28 February 2013 | 6 replies
That is tax evasion, and it can get a federal sentence.
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1 March 2013 | 12 replies
This being the "government" they ought to be able to pay us in full immediately.
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2 March 2013 | 1 reply
When you say the word "flip" or "double closing", even some experienced real estate professionals immediately think of illegal activity even though there are excellent flippers that work in every community transforming blighted properties, making neighborhoods better and increasing the tax base for local government.
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4 March 2013 | 11 replies
And therein lies the basis for the income discrimination toward sources of income and government assistance.Look to the amounts of assistance, it is treated as income.
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7 April 2013 | 10 replies
I'd perhaps look into a Portfolio lender (one who lends out their own money rather than just the government money.)
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6 March 2013 | 5 replies
There will be a preliminary title report, escrow instructions (with price and terms taken from the purchase agreement if there is one), any required tax forms for reporting or withholding (both state and federal), any required disclosures, statements of information from all the parties, estimated closing statements with costs, the deed and any necessary docs that accompany the recording of a deed.
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8 March 2013 | 4 replies
Here's just one rub, the federal SAFE Act mentions "any financing arrangement" and further, that is any state law does not cover the intent of the federal law, the federal law prevails.A CFD is a financing arrangement.An option, if more than 10% of the purcahse price can also be seen as a financing arrangement.A lease provides a leashold interest not an ownership interest to property.