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15 December 2015 | 2 replies
@James MaherA loan is non-recourse when the lender's only security is the property.
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15 December 2015 | 2 replies
According to the American Land Title Association, the following types of loans do not have to comply with TRID:Home-equity lines of credit Reverse mortgages Mortgages secured by a mobile home or dwelling not attached to land No-interest second mortgage made for down payment assistance, energy efficiency or foreclosure avoidance Loans made by a creditor who makes five or fewer mortgages in a year And, in addition, 100% cash transactions (no lender involved) are also exempt.
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16 December 2015 | 17 replies
You can always put up security cameras that record everyone going in and out.
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18 January 2016 | 9 replies
When posted the question, I was more concerned with how easy/difficult it would be to secure conventional loans after having multiple mortgages.
17 December 2015 | 3 replies
Im pretty sure no individual party will be able to secure a loan of this size.
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17 December 2015 | 0 replies
From any investors whom have had experience with wholesaling high end homes please put your hand up and I would greatly appreciate your valuable time in giving me some friendly advice.My question is: What type of earnest money deposit will 'me' the wholesaler have to put down to secure the deal with a motivated seller of a home which is over $500K and reaching to $3MM?
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4 September 2022 | 12 replies
My professional background is in information/computing security and for many years I conducted audits of corporate information security practices/postures.
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30 August 2016 | 26 replies
If I had to pay a contractor to replace the door, it would count as additional rent, per the lease, and if I waited until they left, I would have to deduct from the security deposit.
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19 December 2015 | 5 replies
The Fed can control short term rates, but the market controls mortgage backed securities and mortgage backed securities determine mortgage rates.
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17 December 2015 | 0 replies
The purchase and sale agreement stated seller would contribute up to $8000 closing costs.Because the units are occupied, and because the closing was mid-month, I was expecting to receive @$4000 in security deposits for the current tenants, and $2000 in prorated rent amount.