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20 February 2016 | 12 replies
At least two banks I've spoken to, are comfortable with the 25% downpayment coming from 3rd party funding in a secondary position.
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30 March 2015 | 13 replies
Just picked up my third house in an all-cash deal, and I still have my personal loan LoC to use for something else.As long as the borrower has the requisite willpower, I think it's a good route to finance your REI dreams.Congratulations, Tony.
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21 April 2015 | 31 replies
The getting into debt part is also not something that is exclusive to gurus, hell, there are 100s, probably 1000s, of posts on BP forums promoting the same type of strategy that they use.
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30 March 2015 | 18 replies
It was not listed as a Fannie/ Freddie/HUD Not sure why offer of 1st party was disqualified..
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1 April 2015 | 3 replies
This essentially lets you and the borrower set terms that are agreeable for both parties.
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20 June 2015 | 13 replies
When a buyer, appraiser, real estate agent, loan officer, or another party provides a false statement of a property's value on a 1003 or any other document related to the mortgage loan, they have lied, which means they have also broken the law.
6 April 2015 | 114 replies
Without a survey, any boundary line dispute is between the parties as Sch.
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30 March 2015 | 1 reply
An escrow account is an account where funds are held by a third party, for distribution (ie. funds from a buyer are escrowed at the title co. for delivery to the seller a and lien holders, or monthly payments go into an escrow account for taxes and insurance, etc).
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30 March 2015 | 1 reply
Its one party versus another.
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19 April 2016 | 60 replies
What makes for a good team is expertise in these areas IMO:-Legal/Compliance - We have been working on this item for over a year now prior to opening our deals up for third parties.