Corey Dutton
Mounting Compliance Costs Eating Up Lender Profits
6 December 2013 | 5 replies
According to mortgage business development manager for Security National, “In over 25 years of doing loans, I’ve never seen so many hurdles in the loan approval process.
C.J. Lauria
Finding a Qualified REI Mentor
14 December 2013 | 36 replies
Maybe someone will solve that with video conferences.The best way to get started in RE is to take the time to learn the basics, generally what is required for a real estate agent, that can be had by certified teachers, under state approved curriculum, you don't need to be an agent but you should know the same basics.
Jeremy Williams
What deals have you picked up with conventional financing?
9 December 2013 | 2 replies
Examples are:green water in poolbars on windowsno flooringno heat sourceevidence of leaksmolddry-rot or evidence of termitesfalling down fencesmissing doorsholes in wallswater stains on ceilings (requires roof cert)there's more...These are what a underwriter put as conditions on a conventional 4 unit approval I received today.9.
Erin A.
FHA Reserves on Multifamily Properties
18 August 2015 | 5 replies
He did say I can use gifted funds, which is a relief because the deal will fall through otherwise.My main question is this: why does the FHA require reserves on 3 & 4 unit properties if they've already approved me, based on income, for PITI that I can afford on my own?
Tom V.
Need some help here with tenants. Serious problem. Please!
19 May 2015 | 67 replies
It is in Torrington.The attached lot is zoned and approved as a building lot, however I currently have a paved 6-car driveway on it for off-street parking.I get rid of it, they park on the street.
Sherry Byrne
Plans for Dodd Frank?
9 October 2014 | 126 replies
Bill you open your mouth again show a case law where it is against the law to submit an honest application and then when the banks approve a worker who works for Popeye's chicken for a home loan knowing this person cannot afford a loan.
Bryan L.
Pit Bulls, Horses, and Poor People
3 January 2014 | 64 replies
You HAVE to profile, you just can't discriminate.One rule I have always insisted on is if the tats are visible, they are not going to be approved.
Shaka Farrier
Home day care in investment home
15 December 2013 | 19 replies
I would be getting approved for the home loan based on my income at the time which would not include the day care at all.
Lyndsey Keller
SITE INSPECTION??? To run credit/background/eviction checks?
2 October 2015 | 12 replies
It's not hard to get approved by you must pass the inspection.
Rio Tomlin
Propertyware Fees
3 November 2014 | 22 replies
Rep budged on the implementation manager, and said with "my manager's approval" we could avoid it.However, I was told training is mandatory.