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2 July 2021 | 5 replies
It's then up to the borrower to make it work.My advice is to figure out how much your "small reduction" is and go with that number.FCI wants to have acceptable language for their loan mod and short sale denials so that they're in compliance with the CFPB.
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3 July 2021 | 5 replies
In most sales involving septic, you want to ask the sellers if they have had a compliance check on the tank to make sure it is working well.
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14 July 2021 | 5 replies
According to HUD SFH 4000.1, the borrower actually selects and approves contractors and the lender is only responsible for assuring that the borrower's selected contractor is licensed, insured, and has experience with the type of rehab the borrower wants done.
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12 July 2021 | 20 replies
As a pet owner, investor, and renter who Airbnb's with cats often, let me assure you that she will not likely ever smell it.
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13 July 2021 | 6 replies
It would have to be decent to make me want to get into this headache business....and what assurances would you have that they will continue to allow you to use their property like this?
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27 November 2021 | 18 replies
My taxes were done by PwC with guaranteed compliance and no errors.As for real estate, if the passive losses were previously used to offset passive gains, then on exit you will pay higher taxes (depreciation recapture is taxed at higher rate than long terms capital gains).
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12 July 2021 | 28 replies
I believe all states have provisions for terminating a residential lease, examples include (but not limited to) a tenant called to active military duty or change in orders, the death of a tenant (releasing the estate) or of a co-tenant, medical conditions requiring special care or residential amenities, another situation could include ADA compliance after a life changing event.
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12 July 2021 | 4 replies
There are curative planning opportunities in this area, the most basic of which is for a non-resident alien (as it relates to the US) to hold their interest in US real estate through a US LLC that has made the election to be taxed as a C Corp.Investing across international borders creates regulatory and tax compliance obligations that should one should not attempt to DIY.
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12 July 2021 | 5 replies
Follow the PA eviction process on your claim of non-compliance with the lease with having the animal.
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18 July 2021 | 5 replies
You want consult with both the attorney and CPA on these issues as state are notorious on tax compliance and fees.