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19 December 2019 | 68 replies
Frankly, the infinite number of systems and, likewise proprietary software being used throughout the country simply do not speak the same language.
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19 November 2017 | 14 replies
I think it depends on the language in the lease.
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18 November 2017 | 21 replies
I'd be sure to include very specific language regarding smoking marijuana in my leases.
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17 November 2017 | 5 replies
It will probably take a sheet or two of handwritten language.
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17 November 2017 | 7 replies
I know this is standard contract language but I'm wondering if I should add additional language to reflect I have don't want to pay anything more.2.
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23 November 2017 | 14 replies
Another aspect which mitigate some of this risk is to really understand the contract language.
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21 November 2017 | 1 reply
The language of these contracts varies and will lead to different results.
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19 November 2017 | 13 replies
Thank you Hi Mary this is a different topic thread but Fannie used to count all properties in entities as "financed properties," as long as you owned more than 25% in that entity as documented by your annual K1 form which your LP/LLC/Scorp/flow through entity will show your ownership percentage.This meant that even if the mortgage note was in the LLC's name and the title was in the LLC's name you'd still be hit with these properties as financed properties as long as you owned more than 25% of the company/entity.Fannie has evolved their language on how they count financed properties in late 2017.Now their emphasis is on you being "personally obligated," on the note or basically if you're personally obligated on the note/mortgage/paper instrument.A real life experience or example is that most local credit unions or community banks that use the same loan origination software will make you sign make you sign the mortgage note as a manager of your LLC however the personal guarantee (PG) is a separate document.
16 October 2018 | 8 replies
Following.For now, I am asking an attorney to help me draft some language I can use for situations like this.
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21 November 2017 | 8 replies
But when I read that language I hear the signer waiving the right to an otherwise available commission.