Nitin Dhiman
Cash-out refinancing in Texas
Hello experts,I'm trying to do a cash-out refinance of a single-family rental in Texas. The property has been rented out for the last 4 years and I live in California. I'm being told by some conventional lenders that ...
Juan Chavez
Can a homeowner in foreclosure quit claim deed property for money
Can a homeowner in foreclosure accept money and quit claim deed their property? And then can that new homeowner try to do a short sale with the bank and be the buyer and essentially the seller?
Bienes Raices
"Foreclosures slow as document flaws emerge"
http://www.nytimes.com/2010/10/01/business/01mortgage.html?hp
I don't know if they're really slowing, or if the media is trying blow this up into something bigger than it is.
Don Hines
FannieMae rant!!!!!
I have had a FNMA property under contract a few weeks now and was to close on it tomorrow after a few minor delays. I just got a phone call fom my bank telling me I could not borrow as much as I need according to an a...
Christopher Abernathy
12mo loan mod failed, $190k equity,knocked his door $20k behind
so I have a homeowner that is not working with anyone yet like investors or short sale agents to help them with his pre-foreclosure and he comes outside and says yes let's talk "I'm worried because the bank wont I a...
Matthew B.
Bank keeps trying to change my locks and cut my grass!
I'm sure some of you have experienced this issue before. It's very irritating and I thought I'd post about it.I'm working on a flip, which you can see HERE. The property was purchased at a foreclosure auction at the c...
Ron Brady
Remote Appraisals of Homes Could Reduce Racial Bias
In today's New York Times: Remote Appraisals of Homes Could Reduce Racial Bias - The New York Times (nytimes.com)My initial take is that this is a sound move by Fannie and Freddie to address a real issue. If it helps...
Cory E.
Repossession/short sale question
I've been representing a client the last few months on a property that we've been trying to negotiate a short sale on with a mortgage servicing company. It's been about 3-4 months. The property has been off the marke...
P.J. Bremner
Portfolio Loans - What kind of numbers are you getting recently?
So i'm at the beginning stages of two duplex BRRRRs in the Cleveland Ohio area and evaluating my options on the finance side. I've already done plenty of research on the conventional, Fannie/Freddie side of things (c...
David de Luna
Current commercial multifamily lending rates?
I own a duplex so I'm familiar with the conventional rates, but I'm now looking at multifamily units of 4+. I need to know what the current going rate range is for commercial. I'm looking lately at 6-10 units in the C...