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14 September 2015 | 12 replies
It is usually the easements appurtenances clause, but it is often general enough that it will say something like "All the right I have in other property as owner of the property ...".
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18 February 2014 | 7 replies
These two properties were really good for me to analyze the nuts and bolts of the deal and with the help of your input I feel much better about how I'm looking at/for these deals.I ended up passing on the 3 family, as each unit needed work to be done, (two a little more than just paint&carpet) and the owner ended up going with a different offer at least $20k higher than I felt comfortable with.As for the large single fam, property has gone under agreement after I initially offered on it, I believe it went for $285k range which is a fair price, (ARV conservatively $430k) however with my lack of experience in flips and the property needing a complete renovation (near $100k estimated) I was not comfortable in taking on the project.For now I would like to get into a owner occupied 3+ family, for favorable loan terms (1st time home buyer) and cash flow of tenants.
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3 April 2015 | 29 replies
Good point, a distressed sale situation won't be impacted much if any with more disclosure.I often used comps in the negotiation process anyway, but as stated there is no requirement to explain anything.
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9 February 2014 | 75 replies
Your area, the jurisdiction, bank policy, the circumstance of the breach, the loan history, terms of the assumption or matter, the expected length of time the violation may exist and probabilities of an expected payoff as well as other issues plays on the determination if any note will be accelerated to maturity.As to acceptance, we sent a notice of sale to underlying lenders, a cover letter and often a copy of servicing agreements.
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19 January 2014 | 10 replies
Sure, they are often advised by their agent, and later the price is confirmed or countered by the bank, but as in all standard real estate listings, it is the home owner who gets to price their house.
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17 January 2014 | 15 replies
Buyers in these areas often expect that you need to sell and that they are your only buyer.
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27 January 2014 | 13 replies
I am concerned with the quality of tenants that I may be dealing with and with rent/price appreciation (I don't think this neighborhood will turn around any time soon).
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4 January 2015 | 10 replies
I dont get over that way too often , but the traffic is bad , the cost of living is much higher , I live 30 miles from there in Annapolis area
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16 January 2014 | 3 replies
Hopefully the owner has copies of the keys because if the buyer(s) can't get in to inspect the place often can be a deal killer.Kudos,Mary
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21 January 2014 | 14 replies
Ive been told that getting the draws up front is difficult and often times people need to pay out of pocket to get the construction started.