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18 June 2024 | 0 replies
To follow these reports, it’s critical to understand how the metric is derived—in this case, there is a score given between 0 and 100, with 50 meaning stable, above 50 equating to expansion, and below 50 indicating a contraction.AuctionsLarge Treasury auctions, or large sales of new Treasury bonds by the United States federal government, have also had an effect on mortgage rates.
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18 June 2024 | 14 replies
Based on all macroeconomic indicators and housing trends, chances are high that rates and/or values will be lower in the 6-12 months.
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20 June 2024 | 37 replies
As others have indicated, a judgment is difficult to enforce against someone to get any money out of.
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17 June 2024 | 12 replies
The tenants have been late numerous times (which I have documented) They have indicated that they will move out next week, but I am concerned that they might not or even worse destroy the place before moving.
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18 June 2024 | 31 replies
If they insist on staying, then that indicates they aren't actually concerned.If they insist on testing, make them pay for it.
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17 June 2024 | 9 replies
Has the tenant indicated if they want to renew or not?
17 June 2024 | 8 replies
I like to see 2%+ $/sf/mo appreciation & above $3/sf/mo on avg, indicates it's a higher-valued & safer market to put ~$1.5M in equity.So you can definitely build these out, but beware it'll mostly be something you glance at and rarely get something actionable from.
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16 June 2024 | 8 replies
Most will have a hard set no if there is any indication of un permitted work since it is a long term loan.
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16 June 2024 | 16 replies
Depending on how the owner financing was originally structured, the buyer will get title to the property for the first time or the seller will execute a Satisfaction of Mortgage indicating the mortgage has been paid in full and releasing the lien on the property.All the best!
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17 June 2024 | 19 replies
"Pre-foreclosure" is a term that is misunderstood often...it indicates that "lis pendens or notice of default is filed (consider it a lawsuit) until the property is sold."