The assignment ‘fee’ may be shown on the HUD1 (where both buyer and seller sign).

Heres an example: Mr & Mrs Jones during a listing interview with agent Cody tell the agent that they are 3 months behind on the mortgage payment.

Originally posted by "Charles":If you do a lease option, make sure you have the deed signed in advance and held by your escrow agent.

4-Don't be afraid to ask for Help, it's a sign of Maturity, along with acknowledging that u DON'T know "everything"5-Don't Be GREEDY!

I am sure you could think of more, but these are just common sense questions or question that I have to ask my clients when I have them sign a 1003.

To get a deal, the developer needs to hook up with a non-profit hosuing agency, PHAs are prime targets to partner with, the proposal goes to the state level and comes back to go for approaval by the loacal PHAs, to show that a need exists and the city council, county commission must sign off as well.

As a property manager for 40 years, the biggest mistake is thinking that being a "landlord" is easy....that purchasing the RE is the hard part and that the rest is downhill.Newbies who go to Staples or Office Depot, get a generic lease, put a sign in the yard and get blinded by the CASH flashed at them by the applicants who smell the "new landlord" on them.....and then they don't see any more money for 4 to 6 months.

I have a signed letter from my mortgage broker stating that the loan was denied because of "insufficient income".

We are even willing to sign a contract to make it legal if that is what it takes.

(on the good side we sign an offer for our first duplex today.