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24 August 2022 | 5 replies
For instance in FL, if I lend to you in your personal name, even with the proper B2B purpose loan, and Non-Primary Residence disclosures, and you default, if you claim that it WAS your personal residence and you were not clear about the disclosures, the first thing the judge is going to do is look to see if I as a lender met all the stipulations and regulations concerning consumer loans, such as CFPB, Section 32, and RESPA requirements.
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25 August 2022 | 3 replies
Being in default is putting their voucher at risk, which puts them at risk of being homeless.
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31 August 2022 | 6 replies
Failing to comply with those makes them default on the lease.
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27 August 2022 | 13 replies
This is so important that is literally written into our loan docs that the loan will be considered in default if the borrower moves in.
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25 August 2022 | 2 replies
All of your options, if there are any, will be outlined in or determined the actual language in your contract.As for the financing contingency itself, the language is very important…-some finance contingencies automatically expire on a certain date, some simply give the seller the right to declare the contract void once the date passes and can go indefinitely if the seller does nothing, etc.Remedies for default will also be detailed in the contract.
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29 August 2022 | 21 replies
I have someone who can rent room and was gonna default to her if this way of doing it does not work out after 2 months.About the housing law, not only that I can't have a min credit score, I can't reject someone for not paying rent/utilites during covid (basically last 2.5y).
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27 August 2022 | 5 replies
Discovered new, open violation during escrow; seller's defaulted holdover Commercial Tenant lives nextdoorWhile in escrow with contingency to deliver premises Vacant, seller of commercial building disclosed that tenant is in holdover and in default on a month to month lease expired years ago, with hundreds of thousands in back rent unpaid.With just 4 days to closing, an open code violation has attached to commercial building regarding the tenant's business activities (vehicle rentals) encroaching on the public dead-end street between the commercial property and their nextdoor home which they are also operating their business out.After closing, how can the seller ensure the new violation (that wasn't there til after going to contract/escrow) is addressed, and that relatedly, its default/holdover commercial tenant has actually moved out?
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13 December 2021 | 24 replies
Do the calculations everyone defaults to 50 gallons property you may need 75 to 100 gallons.
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10 December 2021 | 2 replies
Parking spaces are listed in Condo docs as a Limited common elements. 2016"Owner #1 Viera" Defaulted on Mortgage and PNC bank foreclosed.
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11 December 2021 | 2 replies
(Leases are typically for 2-yr terms) 60 days written notice.Owner must rekey property at their expense 30 days written notice after first year or with uncorrected default in performance.Owner must pay 100% of remaining management fees if lease in effect.