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27 February 2016 | 18 replies
You need an education in executory contracts.In NM you can lease, and buy on sub2 or a wrap or seller financing.Get a team together that knows what to do.The contracts I use in a sub2 areThe Purchase And Sale AgreementSeller's Due-On-Sale AcknowledgementThe Quit Claim Deed To TrusteeGet An Authorization To Release Mortgage InformationGet A Limited Power Of AttorneyUpdating The Insurance CoverageControlling The Escrow AccountIf The Mortgage Company Calls The Loan Due What to DoAddendum To Purchase And Sale Agreement Quit Claim Deed To TrusteeAuthorization To Release Mortgage InformationLimited Power Of Attorney Regarding Real EstateInsurance Letter (Adding Additionally Insured)Escrow LetterLetter To Mortgage Company Good luck!
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26 March 2009 | 3 replies
I collect $600 in rent.My current residence just appraised at $81,000 and current Mortgage including T& I is $575 and based on comparable rents in my neighborhood I believe I could rent it between $750-800.I have been saving for large down payment (approx 50% down) on a newer house within 1 year's time.
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7 January 2010 | 16 replies
****************************************************Link below list features you should review when you compare other programs you are thinking of buying to build websites with or any free ones available...free some times can be costly if you do not what to look out for.
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14 September 2009 | 14 replies
Your county will have an updated list available several days or even a couple weeks before the date of the sale.Many times the taxing authority will publish a list of delinquent parcels in the local paper or legal news.
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9 April 2009 | 11 replies
I read other authors for more detail in the topics I learn from.
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7 April 2009 | 3 replies
The most effective way to determine the ARV of a property is through comparable sales (comps).
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2 April 2009 | 9 replies
(Market Value $72,000)The most (comparable)recent sales in the neighborhood were $36,000 and $71,500..
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4 April 2009 | 10 replies
It was a matter which could not be decided by the court because they had no authority to evict the homeowner.
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22 April 2009 | 16 replies
&id=973192I got in contact with the author of the article, Kevin Cook, and he was more than helpful in answering my questions.
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1 April 2009 | 16 replies
I would try and get a CMA (comparative market analysis) on this property. you need to have solid numbers before proceeding. don't go by what the owner says.....