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Anyone know about current loan assumptions if they even allow them anymore. This would be for a VA Loan obtained in 2007. What are the closing costs associated with assuming a mortgage. I am guessing the original t...
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What fees are associated with assuming a commercial mortgage and how long does the process typically take?This is a prospective property in Georgia I'm looking at.
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Hi All,We're working through assuming a friend's VA loan and so far so good. The assumption package provided by the current mortgage holder is fairly straight forward except that it states we need a "sales (assumptio...
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Hello Everybody! Is it safe to assume price appreciation of 3% (rate of inflation) when analyzing a property. I understand that values can definitely go the other way, but is it safe to assume any amount of apprecia...
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I am trying to understand the mechanics/math behind a CMBS loan assumption and the cash/equity needed from a buyer who would acquire the property and assume the loan.Example parameters below:Original Loan Bal...
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My next door neighbor moved and couldn’t sell her home. She asked me to assume her loan to avoid foreclosure. (I told her it would be an investment property) I accepted and we signed a purchase agreement for me to ass...
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Investment Info:
Single-family residence buy & hold investment.
Cash invested: $20,000
This was an assumption. Someone needed to get rid of the property so I assumed the loan. They even paid closing ...
Hi I was interested in knowing if you can help me in my situation below.My wife and I are currently living with my in laws. They had a loan modification about 3 years ago. They are no longer able to make their mortgag...
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I was hoping I could get some help on some assumptions I am building into my rental property spreadsheet. For financing I have the following:Financing Fees - Trying to figure out what is a good assumption for this. X%...
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I was hoping I could get some help on some assumptions I am building into my rental property spreadsheet. For financing I have the following:Financing Fees - Trying to figure out what is a good assumption for this. X%...