Hi Everyone, hope everyone is staying safe and staying warm! I am holding my counter offer for the property as follow.
Location: IL Northwest Suburb (Barrington High 220 district)
Type: Single Family House (2car g...
When Lease Option Tenant/Buyer had an appraisal and it came in lower than the option price, What kind of solutions do we have?
I was thinking of two things in the option agreement.
1. What ever appraisal comes in, t...
I am making my offer for a HUD home, any advice on what percentage of asking price I may go with. I heard if I make a lowball offer I may not submit a second one. Or will not have a chance to bid again.
What do you guys think? With the feds forcing banks to adjust mortgages down to what the borrower can pay, what is the chance of running into trouble by selling on an "owner carry"?
Could your buyer force you to lowe...
Hello BP,I'm trying to look at my first REO, but can't work my numbers because the agent is getting static from the seller. Here is what she emailed regarding this:I am going to give you my best advise.... If you are...
My husband and I are considering buying a house (mostly for our own use, but since it has 5 bedrooms we might rent one or a couple rooms out down the road) in West New York. We already came across one we really like, ...
I found an elderly man who says he needs to sell his property for cash to pay his mother's mortgages. The after repaired value (ARV) is 53,000. And 70 perecnt of that is 37,100. I think it might need 5K or 6K repairs....
Hello folks,My buyers were originally going with a VA loan and their lender had VA appraisal done to my house. The value came way under contract price. I requested a revision and included new comps but it came back at...
Most lenders I'm seeing are offering 80% LTV for for multifamily financing. I have a property that will appraise for about 1.8 million and I can buy from bank at 1.3 million. Will the ltv be used or will they apply th...
I am two weeks away from closing.... We have an executed contract and waiting to hear from the bank....the people leaving at the whose had been evicted ( by the bank) last week.
I was able to see better the property ...