Barbara Hutsell
investment property (ours) foreclosure
7 December 2012 | 14 replies
The concern about a loan modification is you have two lenders with large balances, you would need both to independently agree, not always the easiest thing to get done.
Mary Joe
Landlord tenant rental agreement - comprehensive checklist
8 January 2013 | 7 replies
I would request to see bank statements from the past 3 months showing a balance of at least 9 times the monthly rent.
Alton Williams
Is the day of buying a property with no skin in the game dead?
1 April 2014 | 11 replies
First you structure the deal with a down payment from one source and the balance from another, be it a HML or similar.
Eric Siu
To Gamble or not to Gamble?
1 April 2014 | 10 replies
At some point you will own the property outright and get paid even more each money.Striking the balance is a tough part of the investing game.
Mark Scarola
Workouts Without the Original Mortgage
24 September 2015 | 9 replies
There is no payment history.You should at least get a loan balance & next payment due from the Note Seller.
Ramon Serrato
Account Closed
Buddy needs help
13 August 2014 | 15 replies
The mortgage balance is irrelevant to your friend.
Steve Veen
Rates on cash out refi in so cal
14 November 2014 | 6 replies
Credit score, LTV, how many rentals you have, what balance of rate/closing costs you want, etc. all have impact.Just ballparking, you should be able to get a lower interest rate.
Liz Stewart
How to help a home owner in pre-foreclosure? (Wholesaler)
4 July 2016 | 13 replies
I negotiate with the lender a discounted price for the remaining balance of the loan,once that figure is agreed upon, sell the property to the new buyer.
Joe Rinderknecht
Cash-Out Refinance or HELOC
31 March 2017 | 11 replies
@Joe Rinderknecht If your remaining balance is 160k, and the appraisal came in at 210k, your LTV is over 76%.