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7 January 2008 | 19 replies
the challenge seems to be in finding an escrow/title company that will allow the "double escrow" to be done.....for example: there is an escrow open that is required by the lender once the "approval" from the lender is secured....then there needs to be another escrow opened between the "buyer" and the "end-buyer" on the same property....so, "end buyer" comes into escrow with the $300K plus closing costs, closes existing escrow on the property...then the title/escrow officer walks into the next room and applies the $250K plus closing costs to the original escrow to close that one.in theory and once in the past this was the way it was and still should be...but, now as it seems, most escrow/title companies are not wanting to do the "double" escrow for reasons of "full disclosure" to all parties, for fear of not being "sued" for some type of fraud.those of us not engaging in these tactics get penalized.....but, such is life....i have a title company that has stated they will do a "double" escrow but, will need to let the lender know this fact. not disclose the "amount" the "end-buyer" is paying, merely disclose there is a 'double" escrow in effect....well, obviously this should kill the deal right at the very end....so, not a wise direction to take....
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15 August 2007 | 5 replies
Something I'm going to throw out there..... why refinance your current house with a worse mortgage than the one you have?
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26 May 2008 | 3 replies
In addition, I'd suggest you to get a secured credit line, such as a secured credit card, to build up your beacon score.If you have any further questions, do not hesitate to contact me, I'll be happy to assist you.
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18 August 2007 | 3 replies
Too close to a securities law violation and easy to mess up.
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17 August 2007 | 5 replies
If you throw their junk away and move on, she may come back and claim that you conducted a self-help eviction.
28 August 2007 | 20 replies
Technical point.You give the lender the mortgage when you borrow money secured by real estate.
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28 August 2007 | 8 replies
Cash must be used to pay security deposits and expenses not allowed as deductible ("boot") exchange expenses.
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22 August 2007 | 4 replies
As you will be fixing the place up their security is improved in many ways even though they are in second.John Corey
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9 January 2008 | 48 replies
It's a combination of having a more secure stream of business that we can rely on (arrogance to some degree), having lots of work to get done, having heard just about every sales pitch from every investor in our market, and also knowing that in most cases, our properties sell themselves; whether you buy it or not, it'll sell.Like all listing agents, I love earning both sides of a sale.
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2 September 2007 | 5 replies
Safety and Security are ALWAYS the number one concern of tenants, and they should be yours as well.