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9 May 2014 | 10 replies
Thanks, RZYou can use your degree or schooling as part of your employment time frame if you can document that the major you studied was instrumental in helping you obtain your current occupation or is in the same field as your major. (2 year employment history)This allows you to bypass the 2 year employment and tax return dilemma.
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4 June 2014 | 131 replies
I wish I could, but that Department has the authority to subpoena for the production of documents.
12 May 2014 | 8 replies
Once in there go to Other Documents and then scroll down.
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12 May 2014 | 13 replies
I have 2 days to make a decision.On top of this, realtor is asking about $3600 on assorted fees (short sale admin fee, processing fee, document prep fee, courier fee, settlement fee etc etc etc) on top of the commission.From reading BP on various SS threads, there is not much room for negotiation because the amount was determined by BPO right or wrong and the decision to accept or reject is not a human decision but some formulaic thing - unless you can justify it with some major overlooked issues, correct?
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3 June 2015 | 14 replies
Sometimes something as simple as being a day late with the rent is enough to void the option.I'd recommend paying an attorney a couple of hundred to review the documents and make sure they're balanced and that you understand your rights and obligations under the lease and option.An option can be recorded.
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10 May 2014 | 3 replies
All work to move documents.
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12 May 2014 | 3 replies
I figured out how to solve the title issue myself so I could sell the property, but you should not have to do that.You might want a lawyer to look over the loan documents.
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12 May 2014 | 15 replies
There's a few problems with this - first is that the lender will want to know where the mysterious $10K came from and assuming you tell the truth, they will make your friend sign a letter to the effect of "Tia never has to repay this money it is 100% a gift".If he's comfortable doing that, then he obviously trusts you because as soon as he signs that document you have no legal obligation to ever repay.As for the terms - why would you want to buy a duplex and only essentially "own" one unit?
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13 May 2014 | 10 replies
In other words the best answer I can give is...... it depends.Deal structure varies from investor to investor , so what you will do on this deal may vary dramatically the way you handle the next.I wholesale & rehab a lot of properties and my typical process is the following:Once I get a contract with the seller I will send it over to my attorney to begin the process of pulling title because I have multiple exit strategies with every investment I put under contract.I always try to wholesale my properties first, if that doesn’t work then I will fund them, close and begin the rehab.When I turn around to sell the property as a wholesale deal, I take it a step further to ensure that I do not lose my deposit.Instead of just taking a refundable deposit for an assignment, I structure the deal with an extra document.
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12 May 2014 | 7 replies
For longer documents, usually just the first and last page are sufficient): Title Property Tax Statement Copy of Deed or Warranty Deed Mortgage Statement Insurance Statement HUD 1 Purchase Statement Settlement Statement I don’t think this is convenience at all.