
5 June 2015 | 13 replies
Now, if you get financing for a clean but from the bank, you'll have few issues with your cash buyer, but if your buyer is getting financing, that lender will question the recent sale and what you added to the property to justify a higher price.Just working hard isn't going to make that easy, glad to hear the ethical side, but deceiving a bank in a RE transaction is another federal violation.

8 October 2014 | 5 replies
I was hoping someone can recommend a title company up in the North Shore area of Massachusetts that understands and works with Wholesale transactions?

9 October 2014 | 19 replies
., while I won't be going the suggested route, your contribution has provided me with much needed education on how to maneuver in such a transaction.

15 October 2014 | 3 replies
I think what I failed to mention is that in its present condition my condo is in as good of condition as the one that just sold for $83k, so to me, that's $10k of "equity"...by definition if you buy any real estate at market value you start with negative equity (due to transactional costs to sell/liquidate the investment), so even if I just broke even if I had to resell, I view that as still having equity given that fact (not sure how others view that).

4 November 2014 | 8 replies
Technically, or more specifically, legally, you could do a "subject to" or "wrap", though they are not as common as in the U.S.A. for a couple of reasons:As with a land contract/CFD or instalment sale, the transaction will undoubtedly give the mortgagee (if using a conventional lender) the right to invoke the due on sale clause of the mortgage subscription and accelerate payment of the note.

15 October 2014 | 14 replies
After I started all over and learned these aspects, it was like a light going off, everything fell into place, every type of transaction could then be organized and set in a logical order to address any opportunity I bumped into, you can then see if certain circumstances exist you move this direction.

17 November 2014 | 9 replies
We have had numerous clients going through 1031 Exchanges in order to qualify for purchase money loans (as opposed to cash-out refinance transactions) or to consolidate a number of properties into one larger property in order to reduce the number of outstanding loans.

15 October 2014 | 4 replies
We have employed this attorney for over 100 of our NPL / foreclosure transactions.

15 October 2014 | 15 replies
You can also be doing him a favor having the matter corrected now instead of later on when he gets involved in a closed transaction with other issues, where he could lose his license and be hammered with fines or damages.

16 October 2014 | 5 replies
Once it's signed you'll want to take it to a title company and open escrow on the transaction.