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24 March 2020 | 0 replies
This company pre-qualifies the buyer to ensure that everything is being done to Dodd-Frank standards.
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22 April 2020 | 11 replies
Hi Svetlana,There are rules governing the methods used to determine what is called in Appraiser land FMV - Fair Market Value.Appraisers have to follow the procedures in their manual USPAP (Uniform Standards of Professional Appraisal Practices) normally this leads to FMV being determined on appraisals of property sold in the past 6 months.
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24 March 2020 | 5 replies
There is no free content, just how to buy and download this survival kit.From what I could tell he’s selling how to manage cancellations, how to market going forward and how to clean in compliance of cdc standards and tells you where to find travelers (which fb groups they use).
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19 May 2020 | 21 replies
If the company is big enough to survive being closed and they’re important enough to rehire That would help.Assuming a standard 3x income rule they were making over $100k combined.
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30 March 2020 | 20 replies
You pay 7% to sell (commissions, closing costs, repairs)...down to $335,000If you're using HML...I'm guessing you're paying 1-2% in points, lender's title policy, prepaid interest other fees, plus standard closing costs.
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27 March 2020 | 10 replies
You want to know what standard practice is in your market, though.
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29 March 2020 | 17 replies
Its kind of amusing though I see a lot of HUDS.. and people really focus on the points.. but then the lender has 3k in junk fees and it turns out to be a 3 to 4 point loan if you add it all up anyway.. but they advertise low points.Bottom line though you simply cant stay in business as a HML without making 4 to 5k per file MINIMUM on up front fee's the interest is just a small delta as we all borrow from some facility or pay investors.. its not many HML that are loan their OWN CASH exclusively. but borrowers don't see it that way either.. they think the 10% or 12% is pure profit .. which of course is not the case.
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11 September 2020 | 328 replies
I don’t think anyone is arguing evictions are across the board immoral or that standard real estate investing protocol is inherently bad...but business as usual in the midst of a global pandemic and economic meltdown where our actions might make someone’s bad situation much much worse is a different story.
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1 April 2020 | 15 replies
Now we have the opposite scenario, lending standards are high, inventory is very low and demand is pressing.