I have gotten mixed messages on this. As a properly licensed MLO can I take apps for more than one sponsoring lender in my state(s)?
If so, don't I become a sort of mini-broker: Shopping my apps to my multiple spons...
I had received notice that a financier had been sued 4 years prior to me even meeting him and that I was going to have to pay the lawsuit on his behalf. It was only around $4,000, and I still owed him ~$30,000. The...
I'm not the greatest at Math so if anyone can help me calculate the yield on this deal it would be greatly appreciated. To me it looks like a good deal. Clause in contract makes Tenant buyer responsible for maintena...
@Bill G.Originally posted by @Bill G. in another thread:Different types of notes require different compliance requirements. When you buy a note, any note, you take on the liability of it's origination and all past s...
I'm working with a tenant who wants to purchase the home they are currently renting (and I have a mortgage on). I'm open to it, but not really sure where to begin. I know there are companies that will service the note...
We have cleared all the obstacles to our quiet title IRS, taxpayer, liens etc but private lender has filed pleadings. Can anyone please advise on my options to deal with this? A little backround: The property is vacan...
I properly recorded a second mortgage on a property. The first mortgage holder sold the property in a foreclosure sale without any notice to me. Is the sale proper? what can of notice was I supposed to receive? how do...
After winning a tax deed from the auction is a "quit claim" always required if wanting to sell home quick? Also does previous owner have to sign as well?
John Schaub talks about some ways he sources notes, including the following:---12. Major appliance, carpet salesman, etc.14. Home repair contractors15. Building supply16. Roofers17. Pool contractors18. The courthouse-...
How do I transfer my triplex into an LLC without triggering due on sale clause?