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19 February 2017 | 15 replies
Also a recommendation for a decent servicing company for small loans would be helpful as the payments are not as big so fee's could eat profits easily.
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31 August 2016 | 9 replies
Did you follow up ...here I think it is a 3 day non payment of rent notice then a 7 day notice of non compliance then a 15 day termination notice..all the paperwork is available free on our clerk of the court site...you probably should have posted notices immediately even if they said they were moving out so you did not lose days...try your clerk's office or even contact a lawyer so you know the process for the future
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30 August 2016 | 6 replies
Hi @Aaron Jones,Here it is, directly from Fannie Mae (which for the record is not "the government" in the way you are thinking):Variable IncomeAll income that is calculated by an averaging method must be reviewed to assess the borrower’s history of receipt, the frequency of payment, and the trending of the amount of income being received.
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1 September 2016 | 4 replies
@Geni P.Even if you find the current note holder through the Land Records and assuming that they still own the note, they will not release personal info or payment info without owner authorization.
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29 August 2016 | 2 replies
The down payment is from a HELOC- The expenses are below.
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5 September 2016 | 7 replies
If you get a good down payment finance at 8%, if they put 10k and under do 9.9% and then put it with a loan servicer and have them pay the servicing fee ($15-30/mo) and you get mailbox money.
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7 September 2016 | 19 replies
Check with your employer/benefit plan, some have rules that if its not your primary residence that you need to pay back the loan within 5 years, some plans do not let you make additional payments but allow pay off in full as early as you want, also if you leave your employer anytime before the loan is due, you may have to pay it off or pay a penalty.
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11 August 2020 | 7 replies
It just depends on what your expectations are.Realistically could you expect to house hack and have your mortgage payments be lower than renting?
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29 August 2016 | 2 replies
If they are doing hourly or salaried work that is not "the practice of real estate", then you're fine.For anything that falls within "the practice of real estate" in your state, you most likely would have to pay their broker/brokerage - so they would need to have a sit down with their broker about how the fees would be allocated between the broker and the agent on the receiving end.In California, the practice of real estate is defined as:"a person who, for a compensation or in expectation of a compensation, regardless of the form or time of payment, does or negotiates to do one or more of the following acts for another or others: (a) Sells or offers to sell, buys or offers to buy, solicits prospective sellers or puchasers of, solicits or obtains listings of, or negotiates the purchase, sale or exchange of real property or a business opportunity.