Jeffrey McKee
Existing Tennants Lease Transfer with New Ownership
7 February 2016 | 5 replies
The landlord and tenant may verbally come to some agreement other than what was in the lease.You should also have gotten the tenant security deposits at settlement from the former landlord.
Shanda Brown
Foster Youth Deserve More!!!
21 February 2016 | 11 replies
We're offering discounted rent, no security deposit and no last months rent to the employee so we can get them housed.
Cody Barrett
My Brother asked me to manage his property.
8 February 2016 | 9 replies
from the Wisconsin Broker CE I have taken you are ok to show someone elses unit, hand them a lease, and even collect rent or security deposit, but you cannot negotiate that lease, meaning no variation to what is in print, nor explain anything in the lease.
Stephen Franco
Tax deed deals and lending in PA
10 February 2016 | 5 replies
If you are extending new credit secured by a home you will likely need to have your loans underwritten by an RMLO to ensure compliance.
Account Closed
Right of redemption - owner financed mortgage went to tax sale
10 February 2016 | 4 replies
Assignments are for the security instrument (mortgage/deed of trust).
Udele Tagoe
How to find out when a notice of foreclosure has been filed
10 February 2016 | 3 replies
I am a new investor working to secure my first wholesale deal in South Jersey.
Patrick Ballinger
Rentals in Detroit
15 February 2016 | 4 replies
I know that most of the 5k and cheaper homes are in crime ridden neighborhoods and was wondering if hiring a private security and a property management company would help lower crime rates as well as help people take care of these neighborhoods.
Edwin Vela
UNITED STATES TREASURY BEGINS CRACK DOWN ON MONEY LAUNDERING
8 February 2016 | 0 replies
UNITED STATES TREASURY BEGINS CRACK DOWN ON MONEY LAUNDERING THROUGH HIGH END RESIDENTIAL REAL ESTATE In an effort to combat money laundering in the real estate sector, The Financial Crimes Enforcement Network (FinCen), a bureau of The United States Treasury Department, has issued Geographic Targeting Orders (GTO) that will temporarily require title insurance companies to identify the names and social security numbers of the natural persons behind LLC's and other opaque structures that are used as shell companies to purchase high end residential real estate.Reporting will be required on "All Cash" purchases of residential properties that exceed $3,000,000 in Manhattan and $1,000,000 in Miami-Dade County.
Don Johnson
Phoenix Double close
9 February 2016 | 4 replies
Nohemi Medina-Velasco Security Title Agency3636 N.
Matt Smith
Expense allowed for 1031
9 February 2016 | 4 replies
Here are some examples of the more common types of permissible and non-permissible expenses when a 1031 Exchange is involved: Permissible Selling Expenses and Closing Costs: Owner's title insurance premiums Escrow agent, settlement agent or closing attorney fees Real estate broker's commissions Finder fees or referral fees 1031 Exchange Qualified Intermediary fees Documentary transfer taxes Recording or filing fees Attorney fees and costs related to the disposition or acquisitionTax advisor fees related to the disposition or acquisition Non-Permissible Operating Expenses, Financing and Closing Costs: Financing or lender costs such as loan fees, loan points, appraisal fees, mortgage insurance premiums, lender's title insurance policy premiums, and other loan processing fees and costs Prorated Property taxes Prorated rents Insurance premium payments Security deposits Payoff of credit card balances Repairs and/or maintenance costs