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11 January 2021 | 3 replies
RodriguesThere is some language from Fannie Mae in the following passage of D1-4.1-02a limited liability company (LLC), provided thatthe mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, andthe LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).The servicer must notify the borrower that a property transferred to an LLC must be transferred back to a natural person prior to any subsequent refinance application in order to meet Fannie Mae’s Selling Guide underwriting requirements.https://servicing-guide.fannie...It doesn't seem like you can close in an LLC, but you can possibly transfer it over immediately after the close.
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11 March 2016 | 15 replies
Jim,In my experience of buying and selling large and small multi unit buildings in Los Angeles, I have never heard of a buildings reserve account being transferred in a sale.
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21 July 2015 | 8 replies
I have many years as a workforce and business analyst who is looking for the opportunity to transfer those skills into the real estate investing field.
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23 December 2014 | 46 replies
This is fun.. and subjective of course.. what's important to one person may not be to another.. and wealth transferred without earning it is one thing.. most the guys I know that have that wealth also have trustee's t make sure they don't blow it ...
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23 December 2014 | 12 replies
We have further our career and used the W2 income to leverage our real estate portfolio.We got started through buy and personal property and fixing it up, we ended up being transferred shortly afterwards.
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29 January 2015 | 28 replies
Agree that you and your husband have great transferable skills to be successful in real estate, looks like your biggest issue might be taking the plunge!
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16 January 2015 | 2 replies
The most common being if you sell the property and transfer title.
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22 January 2015 | 3 replies
I guess I don't see the point of asking questions about "mortgage and loan documents" if the property is foreclosed (these are irrelevant) or "insurance policies" since these terminate on deed transfer.
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20 September 2019 | 10 replies
Also the majority of the courthouses down here have transferred the probate case files from paper documents to electronic digital format.
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23 January 2015 | 17 replies
Methods may not be taught in the beginning, what you learn is the basis for everything done, what rights are held, how they are assigned, transferred, what rights are conveyed by an option, why tenants can't do some things.....it just makes everything come together when you read methods used after you get the basics.