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1 February 2016 | 6 replies
Then Ordinance and Law coverage: this will add extra coverage limits to the Building property coverage value: the idea is lets say you have an older house that your flipping that burns down but, to replace it as it was would be in violation of the cities ordinances or zoning or codes, it provides the extra cost of modernization and legalization of your project.
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20 December 2014 | 5 replies
Also if you have a mortgage on the property the transfer could violate your lending agreement if there's a "due on sale" clause that causes the mortgage to be due in full upon sale (and they'd consider the transfer a sale).
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10 April 2015 | 78 replies
Anything that done in an attempt to delay a foreclosure or interfere with the operations of an insured institution is a violation of federal law.
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20 December 2014 | 1 reply
The mortgage company could call the loan due in full as that transaction does violate the due on sale clause.
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21 December 2014 | 1 reply
I have concerns of targeting Vacant, Abandoned Properties and would like to know how to do my due- diligence far as tracking down the owners of these properties, making offers,and getting them under contract, also mar...
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25 December 2014 | 3 replies
Any potential violations to fire code though, such as adding/splitting bedrooms, closing off means of egress, etc. and you better pull a permit or you can be arrested.
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29 July 2015 | 11 replies
Regarding using spokeo - be very careful about violations of the FCRA ...
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24 December 2014 | 10 replies
Here in Texas unlicensed brokerage activity would subject you to serious financial penalties, to the tune of thousands of dollars per day of activity.We probably have the strictest real estate law, education, and licensing requirements in the country, and the Texas Real Estate Commission is not shy about going after violators.
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21 January 2015 | 10 replies
Registration fees will go up, they will start creating more "code violations" for additional revenue, and it turns bad real quick.I don't see the benefit.It's not good for landlords.
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25 December 2014 | 18 replies
While I'm with some of the others that it isn't worth messing around with if you are violating licensing law or taking on someone else's headache there are things you can potentially do.Both locally and for some out of state properties I have done a "boots on the ground" a la carte type arrangement with people.Locally I have some places that are about 40min (no traffic) from my house that are close to where I grew up, and about 15min from where I used to work.