It is an addition to, or change in, the contract.Amendments are not uncommon and they are used for everything from a request for payment for repairs (after the home inspection results come in) to changing the closing date.It’s easy to remember the difference if you think about our ConstitutionAll those constitutional amendments we know and love were items added AFTER the Constitution was ratified, right?

Not sure where you'll be doing your research but here are things you'll likely need access to...Land records ... to determine ownership, open mortgages, other encumbrancesCourt records ... for judgments, pending litigation, BKTax records ... real property taxes are liensLocal violations, liens, water may factor as wellAnd you often don't just click a few buttons and get results... usually you have to review docs and piece things togetherGood luck.

Unused contingency funds, unless they were received directly from the borrower, must be used to reduce the outstanding balance of the renovation mortgage after all of the renovation work has been completed and the certification of completion has been obtained.The loan is not re-amortized.Draw Schedule: The HomeStyle program has a maximum 4 draw process.The initial draw can be up to 25% of the total project and can be for materials for the project.The final draw will be at least 10% of the total project as retainage and funds will be released upon receipt and approval of final inspection, Certificate of Completion from Appraiser, signed All Bills Paid Affidavits and Lien Waivers.Additional Draw Information: Signed Draw Request by borrower and contractorSigned All Bills Paid Affidavitreview and approve the draw request and will release funds for disbursementA check will be issued in the name of the borrower and contractor and delivered to borrower via USPSAn inspection of work to date will be performed at 50% completeFinal Draw Information: Signed Draw RequestFinal inspection/Completion Certificate will be required for release of final fundsA Title Update showing property free from lien or encumbranceGeneral Contractor’s Lien Waiver AffidavitAffidavit of Completion GMG will review and approve the draw request and will release a check in the name of the borrower and contractor.Change Orders and Cost Overruns: Changes to the initial plan are not permitted unless prior approval by Gateway Mortgage.

To many focus on building a buyers list when in all honesty that should be one of the final steps of a whole saler. 

I've finally decided to do more than just listen to the podcast.

I will do a final count next Monday, but I wanted to see roughly who for sure is in. 

When the custodian has control of the assets, the resulting fees and transactional delays can add up to a bad experience for the investor.A checkbook IRA or a Solo 401k (if you're eligible) will give you enough control to avoid most or all of the custodial issues.

Hello Real Estate Savvy friends!!  Hoping I can get some advice on our situation ... We've been under contract with a home since Jan 1 with a USDA Rehab loan. The house isn't in terrible shape, just needs a bunch of "...

The best definition I've ever heard of a credit score is "a numeric representation of someone's likelihood of going 90 days or more late on a payment in the next two years".That said, no one has actually has a score - until their credit is pulled, and then the resulting score calculation is based on the information available at that time.

Then I spent 45 minutes on the phone bouncing around talking to different people within the department until I finally taked to someone who said I would get paid on March 15th.