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I am currently working with a realtor to submit an offer on a short sale. The realtor said that the bank is only considering one offer at a time, and that my bid won't be considered unless the offers submitted before...
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Investment Info:
Single-family residence fix & flip investment.
Purchase price: $363,000
Cash invested: $40,000
Sale price: $650,000
The open concept dining room, kitchen, living room ceiling...
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Has anyone had luck using a local bank or credit union in Tucson, AZ to refinance a complicated loan, rather than going through Freddie or Fannie? Thanks!Ashley
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Hi, I am looking at two short sales that both have "Bank approved" prices. I was wondering, does anyone have experience offering less and getting it approved? Or do banks hold firm at that approved number? I have no p...
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Okay Hi everyone, Im new at this.
My question is If I found an REO that they are asking 349,900, they got it in april for 300,000 and the auditor thinks it is worth 386,700.
This property is only 3 years old and nee...
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I recently saw a HELOC application that asked if my first mortgage was fixed. Will HELOC lenders deny the application if you have an ARM?
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Thank you all in advance! So inspiring to read all the posts!
We are stuck or maybe we are not? We are trying to finance an existing adult care home and our current commercial lender is offering 70% LTV roughly 6.5%...
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I found a fourplex located in Cleveland which is worth around 220k and want to purchase it. According to its description, it is actually a triplex + single house in a single lot, seem perfect ideal for a househacker. ...
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I preapproved a borrower to put in an offer, but the listing agent denied the offer because it was from a big bank. There is a misconception that my bank won't finance a "flip" transaction. Our guidelines clearly st...
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Hey Guys!I got pre-approval in December but could not close the deal and now I applied for another pre-approval last week for new construction that I found but it will probably close by august or September. That means...