James Haig Streeter
CA Buyer in Default Refusing to Release Earnest Money
I recently sold my CA home, with the initial accepted offer being 7% over asking, with all contingencies removed from the outset. After paying the standard 3% earnest money into Escrow the buyer then cancelled the co...
Edward Mccracken
Wholesale - What to do with a old seller carry back note???
I found a homeowner thats is dying to get out of his house.... Here are some quick facts that are verified through the recorder of deeds:Mortgage company released the mortgage on his house for 75kBanks around here som...
Christy Holt
Multiple Loan or One Big Loan
Hello everyone!This is my first post/question on Bigger Pockets. I'm looking at 5 single family homes in Georgia. Price ranging from 45,000 to 90,000. Should I do an individual loan for each property or one big loa...
Carlos M.
LANDLORD HORROR STORY
Hey BP hope all is well,
I went through a terrible experience this past week and wanted to share it with the BP community in the hopes that some people may learn from it.
I say this with much regret but over the wee...
David Friedman
Buy and Hold Investors: Do you know about Opportunity Zones?
Are there any investors out there investing into Opportunity Zones in California?My company submitted several tracts in San Bernardino that were approved by the government and we are now focusing our efforts to buy in...
Gurjot Grewal
Seller not releasing EMD within financing contingency
Hello BP,It's only $1000 but with the language in the contract, it should be returned back to me. My loan was denied due to "excessive obligations" and "lack of income for obligations". I forwarded this to the seller ...
Robert Johnston
Landlord Reference from an Apartment Complex?
Hello all. New landlord here reviewing applications on my first property. I have a relatively promising application from a family that's currently living in an apartment complex (looking for more space). Can I call...
Philip Bashaw
Who owns the Appraisal?
Hello BP'ers!I recently got a property under contract and was shopping around for a hard money lender. I talked to several and then decided I would try and work with one lender that was willing to do 100% financing. H...
Mike Thoms
Brian ? about ROFR
So Brian, You're saying here in NC you shouldn't use a lease option and instead use a lease with a ROFR. (I'm speaking here in the context of lease option assignments). If I have a lease with a rofr signed with a sel...
Tony B.
MERS Understanding the process and service
We constantly run into clients asking about MERS (Mortgage Electronic Registration Service). There seems to be a lot of confusion and also some great resources for homeowners through this service.More to come regardin...