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12 April 2020 | 8 replies
Depends on the State Regulations. 6.Seller SecondsThis is a mortgage issued by the seller to the buyer that is placed in a subordinate or second position to an existing first mortgage from a conventional lender; seller second can be a great incentive to buyers; can help them purchase by putting down less cash-leveraging their assets; second mortgages typically carry a higher interest rate than first mortgages, an advantage for the seller over other investment options; a seller second can open new opportunities for buyers in markets where conventional lenders are tightening their loan to value guidelines and buyers need a way to close the resulting financing gap; lenders who want to limit their exposure may agree to a "Combined Loan to Value" guideline that supports a seller second; seller seconds may help buyers reduce their conventional loan needs below the PMI (private mortgage insurance) level, saving significant dollars per month; seller seconds can also help in larger purchases, reducing the amount buyers would need to borrow conventionally, bringing their remaining loan requirement within reduced rate "jumbo" loan territory; some conventional loans prohibit secondary financing; second loans not disclosed to conventional lenders are illegal.sellers granting a second loan must file a lien on the property. 7.Lease with Option and Lease PurchaseA lease with option to purchase is an agreement that the leasing party can buy (or not buy) the property at lease end for an agreed price; a lease purchase agreement, the leasing party commits to purchasing the property immediately at lease end; the owner agrees to apply a portion of the monthly rent payment toward either the buyer's down payment or closing costs at time of purchase.
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13 April 2020 | 4 replies
We've never filed a claim on an umbrella policy.
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12 April 2020 | 5 replies
It would be UDFI not UBIT Yes your accountant or tax attorney would file the return on behalf of the IRA.
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13 April 2020 | 7 replies
I filed on two of my larger beach-front units.
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3 December 2021 | 33 replies
A lawsuit has been file by several out of state owners being denied access.
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13 April 2020 | 7 replies
It has a business name, but not necessary since my property expenses are listed on a Schedule E for filing my tax returns.
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12 April 2020 | 7 replies
He got back his original investment & reluctantly paid all legal, filing costs etc.
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15 April 2020 | 2 replies
@Felipe Carrillo No, All JP court activities are suspended till May 14th and no eviction filing accepted or processed until that point doesn't matter whether it's for NON payment rent or not.
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13 April 2020 | 10 replies
Our policies are clear cut with rents that we have our Property manager enforce, due on the 1st, late on the 3rd, posted on the 5th, eviction filed on the 9th!
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2 March 2021 | 7 replies
You suggested she file a protective order etc.