29 January 2015 | 14 replies
(Not worth the trouble for CH7 IMO.)After CH7 completes, the borrower is no longer personally obligated to repay a mortgage loan, but the loan still encumbers the property.CH7 can help us as secured lienholders because the borrower emerges in better financial condition and more able to make mortgage payments.CH13CH13 is a reorganization, so assets are not liquidated as in CH7.The debtor files a plan for repayment, which must address payments for secured debt.The timeframe for the plan is variable but can be up to 5 years.Personal liability for the debt remains intact.Once the plan is confirmed, the debtor makes plan payments to the trustee, who distributes them to creditors on a pro-rata basis.Frequently plans call for mortgage loan arrearage payments to be paid through the trustee while the P&I payment is made directly to the creditor (or servicer).Because the plans are longer term, lien holders must file for lift-of-stay if the debtor does not live up to the plan and they wish to pursue foreclosure.Key ProceduresFor new BK filings, secured lienholders must file a Proof of Claim (POC) with the trustee.
4 February 2015 | 4 replies
I'm trying to get a property under contract, but the agent wants proof of funds..
31 January 2015 | 12 replies
I'm not sure how you can enforce a fee for "failure to clean pet waste" unless you have proof it was their pet.
16 November 2015 | 17 replies
My question is what are some things that I can do to make my house more "tenant proof"?
3 February 2015 | 6 replies
Should I print out some MLS documents or county proof of cash sale records to make the deal work out in favor of my cash investor!
14 April 2017 | 14 replies
Basically you had to have a seller and buyer lined up.Buyer backing out could cause a problem but I don't see them loaning you the money without proof that the buyer is serious.I do have the guidelines from one of the investors if you would like me to share it message me here and I can email you.Also... if you would like to meet up for coffee sometime I'm always looking to network with others in the St.
1 February 2015 | 4 replies
Any vendor we use we always have them sign a code of conduct agreement on how we expect them to operate and also require them to provide proof of insurance and lisc information if it is a lisc requirement.We never let anyone in the home unless the tenant is home and over 18 and we always follow up with a customer service call to make sure the issue was resolved to their satisfaction.
8 February 2015 | 4 replies
Or pros/cons for anyone who wants to comment2)What numbers should I be looking for once I get a copy of the last 2 years of documents that show proof of rents.Thanks,Sage
9 April 2015 | 16 replies
I will require the tenant to provide proof of sufficient liability coverage and whatever else their licensing division requires.
5 December 2016 | 10 replies
Downside is that if you're using it outside with it's water-proof case, it doesn't get external power (just the battery pack), which will only last a few hours.