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25 November 2015 | 4 replies
Where can I find a list of information I need to gather from seller for verification?
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30 December 2020 | 8 replies
The lender will have to do a verification of employment prior to approving the mortgage and you need to be able to prove it's a primary residence as well (driver's license address, incoming mail to the address).
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23 April 2021 | 1 reply
I have been getting rental verification requests from other properties they've applied to.
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8 March 2017 | 6 replies
It checks identity, criminal background, national eviction and credit summary.
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12 May 2019 | 8 replies
If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff. 6.
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23 September 2023 | 6 replies
Beyond the mechanics of the lease, there is a lot to think about at first - like pets and fees, income verification and scams, pricing strategies, and communication with your tenant.
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4 October 2023 | 16 replies
Be sure to include the legal description of the property and the parcel number, if applicable.Sign and notarize the deed: Sign the deed in the presence of a notary public, who will notarize it to confirm your identity and ensure the document's validity.Record the deed: File the deed with the county recorder's office or the local government office responsible for maintaining property records in the county where the property is located.Inform your mortgage lender: If there's a mortgage on the property, notify your lender of the transfer, as some loans may have a "due-on-sale" clause that requires the loan to be paid in full when the property changes ownership.Update insurance policies: Contact your insurance provider to update the property insurance policy to reflect the LLC as the new owner.
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16 November 2021 | 58 replies
Va Lender Handbook, Chapter 4 Section 2 (Income) Paragraph O states: Verification: Multi-Unit Property Securing the VA LoanVerify:cash reserves totaling at least 6 months mortgage payments (principal,interest, taxes, and insurance - PITI), and documentation of the applicant’s prior experience managing rental units or other background involving both property maintenance and rental.Analysis: Multi-Unit Property Securing the VA LoanInclude the prospective rental income in effective income only if: evidence indicates the applicant has a reasonable likelihood of success as a landlord, and cash reserves totaling at least 6 months mortgage payments are available.The amount of rental income to include in effective income is based on 75percent of:verified prior rent collected on the units (existing property), or the appraiser’s opinion of the property’s fair monthly rental (proposedconstruction).Note: A percentage greater than 75 percent may be used if the basis for suchpercentage is adequately documented.Verification: Rental of the Property Applicant Occupied Prior to the NewLoanObtain a copy of the rental agreement on the property, if any.Analysis: Rental of the Property Applicant Occupied Prior to the New LoanUse the prospective rental income only to offset the mortgage payment on therental property and only if there is no indication that the property will bedifficult to rent.
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2 May 2018 | 7 replies
I needed multiple ways to prove my identity and street address:http://www.hsmv.state.fl.us/dhsmv/newflres.html
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3 October 2018 | 14 replies
If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff. 6.