Dave Rav
Late fees during the pandemic
We are now 3-4 months into the COVID-19 crisis. Thankfully, all our tenants continue to pay rent. A few have been late. One in particular, has been provided an extended grace period at least 3 times during the past...
Rob Henry
Private Lending secured by Mortgage
Do you necessarily need a promissory note if you file a mortgage? Say for example, I lend someone $5,000 on a free & clear house (listed for sale with a Realtor) and file a mortgage for $10,000 once the house sel...
Phil Shelton
becoming mortgage broker to fund own residential mortgage loans
is it legal to become a mortgage broker to fund my own investment residential deals? I do not want to pay broker fees. Looking to save money especially with Hard money lenders.
Jamie Hogan
Charged Off - What does it mean?
I have a friend that had someone else managing their money. Several mortgage payments were missed. I guess the bank had someone drive by the house and saw that it’s in terrible shape. They determined that it would ...
Ken M.
“Short Sale Queen” indicted in mortgage fraud scheme (Creative Financing Gone Bad)
Self-proclaimed “Short Sale Queen” and associates indicted in federal mortgage fraud scheme
Tuesday, December 3, 2024
For Immediate ReleaseU.S. Attorney's Office, Eastern District of Texas
PLANO, Texas – Thre...
Ahsan Usmani
Mortgage Brokers - Commission / Structuring Fee
Hi - I plan on doing my first apartment deal in DFW area this year and I am currently researching various banks and mortgage broker for Commercial loans. I have contacted couple of Mortgage Brokers and they told me th...
Michael Qubein
Should I finance a home I paid cash for in 2022?
I am interested in a buying a second property but do not have the proper funds. Should I pull the money out of my first property?
Sam S.
Servicer charging ridiculous so-called "lender-paid expenses"
We bought a property subject to existing mortgage. It was behind on payments and was scheduled for foreclosure auction in Texas. Before we brought the mortgage current, the servicer had told us that the Cash Advances ...
Peter Walther
FNMA to accept Attorney's Opinion Ltrs in lieu of title ins
Recently I read Fannie Mae has agreed to accept Attorney's Opinion of Title Letters in lieu of title insurance. I assumed it would be just a matter of time before someone would try to game the system. United Wholesa...
Alberto Leonard
Using equity to fully purchase rental property
Complete newbie here.. I have a good understanding of how a HELOC and HEL works, however, I have no clue what are the steps to take once the funds are secured. With a conventional loan the lender takes charge of doi...