Ryan Raak
short sale canceled 12 days after closing
On April 2 I purchased a rehab property that was a short sale. This was a major rehab project and my crew had been ready and waiting for over a month so as soon as we closed we got started. Then, 12 days after (Apri...
Cheryl C.
Help! I accidentally offered the wrong price.
I was in a hurry to get an offer in yesterday and accidentally offered 10K more than I planned. The asset manager has it. I'm waiting to hear back from my agent about addressing this with the lister. It's a Fannie ...
Gerald K.
Cash-Out Refinance 5th to 10th Property
Hello BP friends in Western WA (Everett, Seattle, Tacoma, etc.). We're Investigating the possibility of a cash out refi to put funds toward more real estate investments, however, if I understand Fannie Mae rules co...
Ray Ochs
earnest money disposition- all contingencies removed
We used a California Residential Purchase Agreement RPA-CA revised (4/10) without a realtor to purchase a condo. We placed down a $30K earnest money deposit to escrow. We were informed by our loan agent that the loan ...
William Coet
Bank Is Waiting Years to List Property
There is a bank-owned sfh that that has been sitting empty for 3+ years and has never been listed for sale with a realtor. The previous owner filed bankruptcy and the bank took possession of the property. Why would ...
Andrew C.
Cashout Refi; use Freddie/Fannie vs Commercial Mortgage? Q asked.
I received the following message recently and thought I would share it since my response may assist others:
Hi Andrew,
I just noticed your reply to the investor talking about having a LLC partnership and was wonder...
George P.
Kitchen is missing - can't get a loan. Ideas?
looking at a duplex that seems very nice. the price is a little high, but before we even get there i noticed that the kitchen cabinets in one of the units is missing.
3 loan guys said "you can't get a loan if the kit...
Brien OConnor
Dealing with Fannie Mae 2016
We've purchased one home as an investment so far. But now, I have placed an offer on another home in Central TX owned by Fannie Mae. I've read some posts from other who have dealt with FM but they were 3+ years ago....
Ian Stuart
AMA - Agency Multifamily Debt (Freddie Mac & Fannie Mae)
BP Community:
Hope you’re all enjoying the bear market!
My name’s Stuart, I’m an agency multifamily lender with Berkadia that finances apartment buildings throughout the Western US with Freddie Mac and Fannie Mae. ...
Sam White
2014 Mortgage Changes
Howdy BP members,
Introducing myself real quick: My name is Sam and I am a young investor. This is my first post in BP, although I have been a fly on the wall, observing for about a year.
I am looking ...