Edward Alicante
Insurance provider for “Sub to” home in California
Hi!Can anyone recommend an insurance company for a sub to home in California. Im acquiring the home by the end of the week and want to be able to get a trusted insurance company that will not trigger a Due on Sale.Al...
Lori Hunter
Insuring Investment Mobile homes
How would one handle insuring mobile homes that are purchased to resale for payments?
I imagine it is calculated into their monthly payments, and I, as seller maintain responsibly to make the payments(?) I ask beca...
Corey Dutton
Beware of Insurance Scams from Private Money Lenders
There’s a fairly new scam in private money loans that is being pushed by fake private money lenders. Any non-bank loan from a private money source is considered a private money loan, including bridge loans, hard money...
Sam Leon
Mortgage and insurance - chicken or egg?
I have an executed contract to purchase a property in South Florida, the house is going to be a primary residence and not a rental for a change.Seller needs to close no sooner than Feb 2019 to have time to arrange lod...
Jay C.
Understanding Closing Costs on a Refi
Hi all,
I'm looking to refinance and I just want to understand the Closing Costs and Cash to Close details. The estimate of the Closing Costs and Cash to Close are wildly different in the Closing Disclosure that I'm ...
Brian Sanchez
title insurance for rehab costs from private lender?
Hey BP:
I am about ready to close in the next week on another property in Indiana. It is an all-cash purchase. However, I have a partner who is willing to cover the rehab costs of 40K. I have the promissory note w...
Marco Santana
Seller Financing Refi out
Hi BP group,I am interested in seller-financed deals, and I have two questions you might be able to help with:1) Is it possible to refinance a seller-financed property through a bank or other traditional lenders?2) Wh...
Nathan Yee
FHA 203K or Fannie Mae Homestyle Renovation Loan - Los Angeles
Hi Everyone,I've been researching home renovation loans (FHA 203K and Fannie Mae Homestyle Renovation Loan [which I recently discovered]) for my first, owner-occupied property in Los Angeles and wanted to know which h...
Mel McLeod
Home Equity Conversion Mortgage (HECM) - HECM for Purchase - Senior Market
The HECM is for the senior market, age 62+. I am an agent with a very large carrier (think about Marlin Perkins from Wild Kingdom :) and this FHA insured loan is the only loan for which I originate. Many seniors, 62...
Peter Turner
Will changing insurance type to rental create Issues with Lender?
First time trying to rent my primary residence and was wondering if the lender will find out when I change the insurance type from home owner's to Rental type.
If they do find out, will that create any realis...