Rafael Dominguez
Hafa and title seasoning
Supplemantal Directive 09-09
Notice that the sale must represent an arms length transaction and that the purchaser must not sell the property within 90 calender days of closing, including certification language regard...
Mike Palmer
Seasonal/summer student income
Hi all:I have a tenant interested in a property and he is a student with a seasonal/summer job selling for a security company. He says he makes very good money (more than enough to qualify based on annual income), but...
Joe Donohue
Indiana Tax Sale Season
Hello All,Indiana Tax Sale season has started. Super excited!Just curious who plans on attending which sales. Would love to meet any of you after the auctions. Over September and October, we will be attending appro...
Andie Wu
Seasonal Residence NY State
Hi there,I was wondering if anyone can give me some advice.I am being offered a cottage in upstate NY which is listed as Seasonal Residence (260). The realtor tells me that I can live in it round the year. I want to ...
Ron West
Lender Increased Seasoning Period
Hey everyone!I purchased my first property 2 months ago. Things have been going great so far. The tenant was already in place, rent was at market price and with zero rehab I have 50% equity. This property was purchase...
Anthony Mancuso
Wholesaling During Holiday Season?
Is now a bad time to try to start wholesaling houses? I would think it would be hard to get a seller to sell their house before or during the holiday season regardless of how motivated they were. Also would REO's be...
Mehran K.
Shortsale Purchase, Refi Seasoning?
Hi all, newbie here again :lol:
I was just wondering if there is a certain amount of time that must pass before I could refinance a loan on a home If I purchased it as a shortsale or REO.
For Example
Shortsale purch...
Nick J.
FHA seasoning rule changed?
So, I need someone to help me clarify this. I'm getting blasted with this 90 day waiting period thing is apparently being put on hold until Sept. 2010
This is the latest email I got this morning:
[i] On Friday, ...
Paul Chintawat
HELOC and seasoned money
I'm starting out and I'm doing my research. As you could say, I'm getting my ducks in a row. We opened a HELOC in April that we plan on using for funding (either down payment or full). Is that considered 'seasoned ...
Erin Francis
Seasoning Period for Refinance
So I am doing the BRRRR strategy and I was wondering if the seasoning period to refinance only counts to a bank while a tenant is present or if the rehab time counts towards it?