Robert Chiang
Loan Officer Request Questions- Are These Standard??
I'm getting prequalified for a loan at a large national bank. He requested for my pay stub, last 2 years tax returns, any applicable w2 and k1, and 2 months bank statement for source of down payment. This all seems ...
Mark Hu
Condo in escrow has lien, what should be done?
We are in escrow, and have learned that there is a reverse mortgage on the condo in escrow.
The buyer assures us that he has enough funds to cover anything debt over the purchase price. We are of course concerned that...
Janice Ingle
Overwhelming forms
Am I just to new and these forms are standard? I look at the applications and WOW and I shocked.....or am I reading to much into the process? Every place I get info from wants the "Uniform Residential Loan Applic...
David Martin
Bank said I need assets to qualify for Mortgage...
I've applied for a sub40K mortgage and my credit union is asking for a list of assets available such as a retirement account or accounts with other financial institutions. They have hinted that they may not be able t...
Casey Gregersen
Rehabbing contaminated drug home (meth)
I'm about to make offer on a single family home that was taken over by the US Marshall due to methamphetamine use in the home. The house has been tested and the levels are known. I have contacted a company that can ...
Chris Nappi
Second Opinion on Leveraging a Rental Property
Hello. My wife and I have two fully paid off properties in San Francisco; Presidio adjacent and Lower Pacific Heights. We had planned on selling one of them to pay for a new primary residence in SoCal. I'd love to spe...
Kim H.
Playground in Multi Family Complex
Would you leave a playground that is already on a multi family property? or is that too much liability?
Joshua R.
How much money do you need when trying to get FHA203 Pre-approved
I am in the process of purchasing my first investment property. I am setting up meetings with a few different FHA Consultants to discuss pre-approval for an FHA 203(k) streamline. The loan is for 200,000.00. How much ...
Kelvin McNeil Jr
Meeting with Hard Money lender (Questions to ask)
Hi BP, I currently have a meeting scheduled with a Hard Money Lender that specializes in fix & flips. I have a list of their required items but what are some questions I should be asking them to ensure they are th...
Tyler Labelle
No water in entire place
So grinding sump pump went out in a rental unit of mine and tenants literally had to shut off water to unit. had a plumber out and he quoted 3800$. I have a home warranty that they claim will cover said sump pump "...