Sean F.
Getting under contract now, to close in June?
Hello everyone,
I sent out some yellow letters to absentee owners in a small neighborhood I am interested in purchasing in for my primary residence. I received a call from a seller that wants to sell FSBO but they n...
Russ Swan
Fannie Mae and Investors
I'm in the process of making an offer for a Fannie Mae Property. Just received a rather long (17 pages) Addendum to the Purchase Agreement from the realtor. 1. Para 4a requires a declaration whether the property is or...
Loren Whitney
Locking rates on new construction
Hey all,
This should be a quick one. When building a new home, how early can one expect to lock-in an interest rate? I know most locks are 30-60 days but does that differ with new construction? The home in question w...
Account Closed
21% Backed out of Deals in Phoenix in August - was it too hot?
Don't people know that Phoenix can be HOT in August or is it that interest rates have jumped up?
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PHOENIX — The ...
Chris Sukala
Realtor must list and open to public for bids?
So we are waiting on a duplex to come up for sale possible through hud. The sign is in yard but it hasn’t been released they realtor must open it up to public correct?
They cannot just sell it to their investor frie...
Chris Seveney
Recording Modifications in Georgia
The note space is truly challenging because of the state by state laws and issues. This is one reason it’s important to really understand the stateIn Georgia it is strongly recommended a modification gets recorded as ...
Tyler H.
Releasing EMD Early
Was set to close on my first house on 9/12. Seller's name on purchase agreement didn't match the name listed on the LLC and we had to have an AKA signed for underwriting which required an extension to yesterday, 9/16...
Wesley Frye
Wholesaler marketed the property too early
In September, I found a property I was interested in acquiring online. I put down a 5K EMD and signed a contract with a wholesaler to close in October. Three weeks before the closing date, the wholesaler notified me t...
Chris Seveney
Managing Your Servicer
Whether you are new to the note business or an experienced veteran, I would like to share with people some of my experiences and tasks needed to manage your servicerFirst and foremost think of your servicer as no more...
Josh Lee
What to look for in HELOC terms
Hi All,I'm planning on getting a HELOC against my primary residence to help finance the purchase and rehab of investment properties. My first draw will be for a flip, the second will be for a buy and hold rental prop...