I would think that it is the responsibility of the state or DOT to cover that expense but I guess not...good to know :o I agree with the above statements to sell to someone who just wants a home to live in.

If you are looking for financing in the LLC, most banks want to see a history of cash flows, like two years worth of stable tax returns, as opposed to just showing a financial statement.

At the very least, you need to get, in writing, a statement from the management company, a letter of accounting, as to dues and fines owed, and whether that has been turned over to a collection agency or attorney for collection, as well as whether it's already being foreclosed on.If it's been turned over to collections or attorney, you need to find out what THEY are charging the owner.

They will request a "payoff statement" where the lender says what's needed to pay off the loan.

I don't know what you're basing your statement of the non-insulation on, but I'd like some clarification on that if you wouldn't mind.

I could add funds, it would calculate interest owed and consolidate to the same payment date and allow me to print a statement to show the math.Anyone heard of anything that does this?

So I was checking out Rosie's investment club site, as I was browsing there was the following statement made, and I was wondering if someone could dummy it up for me and explain the terms:We are paying 10-12% TD position.

Also another tip ... have a letter or something from the owner allowing you to go in the house, just in case the police drives by and see you or an unknown person trying to step into the house.I always gave maintenance people, visitors, etc, my business card and a statement affirming that they were allowed to enter the premises.Believe it or not, they thanked me!

What is the debit & credit to buyer & seller on the settlement statement?

Anyways, when I met with the last one today she spent the first 10 mins of the conversation telling me how this was virtually impossible, then she came accross a statement in our paperwork showing 200k in investment accounts and her whole tone changed.I told her we are open to creative options to get the financing and she said they may be able to work with us on a cash secured line of credit.Is anyone familiar with this type of financing?