Chavel Diaz Jr
Lease Options in Texas
18 April 2014 | 4 replies
Use caution - the laws governing lease options all but outlaw the practice.
Account Closed
Profit Banks Hide from Borrowers
18 April 2014 | 13 replies
Banks make money off the interest rate of the loan they sell to borrowers, but because they close the loan in their name on the closing documents, the government doesn't require them to disclose the SRP/ Overage to the borrower.
Jeff Deville
Investing with 'HOA' funds
20 April 2014 | 10 replies
Loaning money to any individual is not an acceptable investment.Folks have assumed you want to borrow from what I read, you said invest, you might be a stock broker, I have no idea what the plan is or was.Non-profits may invest so long as the investment meets legal restrictions.State law dictates, in the absence of state law, it becomes prudent judgment and the board of directors could become liable if grossly negligent, N/P boards are held in a pretty protect position, more so than a for profit entity, so the threshold of negligence can be pretty high.Prudent would be FDIC insured accounts or SIP, municipal bonds rated A or better, no stocks, no corporate bonds, government fed fund accounts or T-Bills, but this requires more money than we have here.N/Ps may not hold excess funds like a for profit, the funds held must be justified as to the need of meeting the stated mission.
Daniel Ryu
Tax Form 2555 (overseas) filing for Loan Officers
27 April 2014 | 2 replies
This is what the fannie mae selling guide says about foreign income. and you can direct the loan officer to page 356 of the 2014 selling guide to reference this material.Foreign IncomeForeign income is income that is earned by a borrower who is employed by a foreign corporation or a foreign government and is paid in foreign currency.
Trevor Ewen
Patterson, New Jersey
23 December 2021 | 18 replies
Also the city runs it finances poorly due to corruption in the municipal government.
Rachel Randolph
Newbie In NYC
29 April 2014 | 12 replies
I am technically disabled and instead of collecting checks from the government I decided to create checks.
Chad Clanton
BEWARE this crooked contractor in San Antonio!!
21 July 2014 | 52 replies
Lesson #1072 learned.Now, a question: one thing I intend to put in my contract going forward is a requirement for government issued ID, copy of the contractor license, and proof of insurance, as well as same for all subcontractors used, whether hired by me or the GC: how much resistance am I likely to run into asking for all of that, in your experience?
Sebastien B.
Outbid by a local government organization?!
15 May 2014 | 3 replies
It of course is worse than that... because your HA is using tax dollars, and if you bid them up you are just adding to government waste;)
Kathy V.
The future of RE agents?????
20 September 2011 | 32 replies
Second, agents mislead banks, governments, and relocation companies, but not individual clients, like you and me.
Jon Klaus
2.99% fixed for owner occupied commercial
19 March 2012 | 11 replies
Rich, for properties on that scale you often find more options with programs associated with government back loans.