Chris Harper
Flip financing
16 January 2014 | 7 replies
The regulations were very stringent though, but I went through a large brokerage firm.
Brian Gibbons
Dodd Frank Compliant Forms from AZ Realtor Board
13 January 2014 | 5 replies
That's the case at the federal level.I also gave feedback to the proposed rulings, for more lax regulation, but you don't see me claiming I impacted any decision, I'm sure the CFPB got an ear full.
Naomi Marie
Buyer's Agent representing Wholesaler?
12 January 2014 | 2 replies
depending I your state regulations and MLS rules, this could work.
Hamilton Westen
A 12.5% Up During April-December In Direct Tax Collections
13 January 2014 | 0 replies
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Warren L.
Mortgage broker vs banker
14 January 2014 | 9 replies
It's a shame that the federal government makes brokers disclose differently because it looks like their loans are more expensive but they are not.
William Hale
30% down?
13 January 2014 | 4 replies
I know there have been the new regulations implemented this year, but is it a general rule that you (as an investor) need to have 30% down?
David Fair
Note Paperwork
15 January 2014 | 14 replies
You won't need an allonge, an additional paper added to the original note if there is sufficient space on the note for the endorsement, after a note gets passed through several hands, that space, if there was any, just runs out and then you would attach an allonge for endorsement.Unless you have the maker(s) execute any other terms that may be added by allonge, as many brokers like to get wordy and write things, it will have no real effect.Notes are negotiable paper just a check or draft and are governed under the UCC requiring an endorsement, "pay to the order of" and thereafter you should annotate "with/without recourse" as the assignment and endorsement are made with recourse or without to the new holder. .The sale of a note must have an accounting of the transaction, describing the note and the amount received/paid along with other costs or expenses, if any.An assignment of mortgage or assignment of note and deed of trust is made, it simply describes the original note (not the balance) when it was made and contains the legal description of the collateral, this is filed in the property records for that property.
Jason Merchey
Anyone Worried About Today's High Housing Prices?
4 February 2014 | 28 replies
I suppose if it's cyclical, and the worst doesn't come to pass with the stock market or the jobs/wage situation or government debt causing a meltdown, then I can just weather the storm of a 3-4 year price drop because I would still be paying down debt on an annual basis (and inflation would be helping me).Thoughts on this?
Anibal Zapata
New to real estate..Cash flow help!!
13 January 2014 | 3 replies
If you were to hire a property management company to handle both the properties and turn the whole thing over to them, they would get the rents up to par as quickly as possible without you first having to sort through two states' worth of regulations and second having to convince mom and dad to take your sage advice.The issue with the Florida tenant's rent payments might be your angle in pushing property management.
Jimmy P.
Foreclosed now want cash out refi
22 January 2014 | 8 replies
And most lenders sell their loans to Fannie Mae, or want to have the option to sell them to Fannie Mae.A private money lender seems to be the best solution for this problem.Note that a government loan (must be a primary residence) would settle for a 3year waiting period (after the Deed to the home went into the bank's name..)