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24 February 2018 | 20 replies
Yes, it's a large sum, but there was a previous all cash offer on the property and Kevin, while he is using a Mortgage, offered a higher Purchase Price and a higher amount for Earnest Money to be deposited on Contract.The Check for the Earnest Money on Contract was made out to the Seller's Attorney Mike as Escrowee, so I am assuming that the Earnest Money had to be deposited into the Escrow of the Seller's Attorney.Kevin then Applied for a Mortgage at a well known Bank.Title was completed and an Appraisal was ordered.Sometime around mid-June 2017, a few weeks later, the Seller's Step-Sister filed a Lien of Rescission to stop the Sale.When the Appraisal came back, the Lien of Rescission was discovered, the Mortgage Bank added the Lien as a condition to clear for closing.A Civil Case was filed against the Seller and the Case was suppose to take place around December 1st.Buyer's Attorney and Seller's Attorney agreed to postpone the original closing from 45 days after signing the Contract on June 13th to December 1st day, documented in email.The Case was then postponed to January 29th, 2018.Along the way, the Buyer's Attorney got sick and developed ALS.When January 29th, 2018 came, the Seller's Civil Case was again postponed to April 1st, 2018.The Mortgage Bank issued a statement that the Mortgage Contingency was no longer valid and has expired.Kevin then changed Attorneys.
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23 February 2018 | 2 replies
May have overshared here but lemons aren’t changing without some sugar and aid.
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24 February 2018 | 4 replies
A few answers to questions that I have seen asked on a lot of similar posts are:Our end goal is to make at least $6,000 a month passively by the time we are 35, and live somewhere it doesn’t snow.I do not plan on staying in the military, but obviously that could change depending on life.I do know a few people who have a little experience in real estate and quite a few people who have extensive knowledge in every area of construction.I am currently obtaining my bachelors in IT management and may get a job in that field to help fund this but I would prefer not to if possible.Thank you in advance
23 February 2018 | 2 replies
They had a hard money lender who made a commitment using 401K's and due to changes in their employment they no longer can do that.
25 February 2018 | 8 replies
Furthermore, with the recent changes in Canadian lending laws (which makes it harder to get loans), we have seen a slight downward effect on property prices (and longer days on market).
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23 February 2018 | 3 replies
I will add my thoughts though, and say that I'm not sure, but if you are expecting to be sued right now and it's found that you preemptively changed title of your asset(s) to avoid losing it in a lawsuit, that in itself could get you into some trouble.
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5 March 2018 | 13 replies
I was trying to be "fair" - Well - I changed that agreement in November, requiring the tenants to pay "water", "sewer" and 1/2 of Muni - that seemed fair too.
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3 April 2018 | 8 replies
Can someone tell me some things I should change?
25 February 2018 | 18 replies
But you can only complete the exchange with properties from the list and the list goes hard and cannot be changed after day 45.
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26 February 2018 | 8 replies
Looks like it does... and that could change the analysis completely.