10 December 2016 | 2 replies
Hi Jesse,Unfortunately you really need to get some skin into the game in order to fund a multi family building.
13 December 2016 | 15 replies
what your lawyer is telling you is you can sue for specific performance.now while this is true.. then it comes down to facts and circumstances... if the contact is a few hours old and you have given a token EM deposit.. there are no real damages really becomes a choice of you ... spending a good chunk of dough on the lawyer and how the judge rules.Now that all said I just successfully won a specific performance case but lets look at the facts.Paid back tax's of 35k and gave seller another 15k of course all in cash and so I was relying on my purchase contract to the seller to come in and sign and we pay the rest of the purchase price at close.Well Seller goes DARK won't communicate at all..
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22 March 2019 | 39 replies
Lenders will want to see more skin in the game on the down payment.Let me know if you have any questions.Regards,Joe Scorese
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11 December 2016 | 2 replies
Having some skin in the game won't hurt in this scenario.
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20 December 2016 | 9 replies
Don't want to perpetuate any idiocy here from my end...Normal situation:Purchase price: $100k (we assume this equals actual value of property)Buyer/borrower: $20k "skin in the game", i.e. money in the deal itself, used to pay part of the purchase priceHML: $80k as loan to borrower/buyer, paid at closing to sellerThis makes $20 + $80 = $100k as total purchase price (we shall ignore any fees etc)Refinancing part in normal situation (mind you, property is not sold):New owner wants to pay off HML and goes via route of conventional financing.
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5 January 2017 | 8 replies
State an allowance for each and buyer can select colors and plants but is responsible for overages.
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13 December 2016 | 18 replies
We have 3 different custom colors for the exteriors of our houses and every interior is painted a modern gray eggshell for the base color and trimmed out in gloss white.
14 December 2016 | 7 replies
Prior to the beginning of the project we submitted all changes to HOA (siding color change, removal of shutters etc) however what we failed to submit was a change in the color of the window frames (from white to black)Since completion of the project I have been notified by the HOA I am in violation of the rules because I did not submit all changes.
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19 December 2016 | 10 replies
What we have here is a situation where the Clerk doesn't want anybody to use ANY forms but hers, regardless of their "legality" or color of legality.
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16 December 2016 | 4 replies
I have been researching and learning about conventional lending for the better part of this year however private money lending I am completely in the dark about.