Micah A.
Senior loan not escrowed at origination for taxes and insurance
I recently purchased a performing senior lien. While the audit was being performed by my servicing company they found that the loan was not escrowed for taxes and insurance at origination. They went on to inform me th...
Account Closed
Can someone please tell me what is Point/Origination Fee?
Can someone please tell me what is Point/Origination Fee?In the Rental Calculator expense partThank you
Charles Stewart II
Can I make $3,000 per month as a Loan Originator?
Can I make $3,000 per month as a Loan Originator on a commission basis? How soon can I begin to make $3,000 per month on a regular basis?I am not looking for a get rich quick plan. I am looking to earn an income wit...
Christian Jones
Funding Rehabs when the originating bank has frozen new loans
I closed on 14 properties in the Springfield, MO area at the end of November using a portfolio loan. The bank that we used just told me that they have frozen making any new loans and so I can't just get my rehab money...
Christian Jones
Funding Rehabs when the originating bank has frozen new loans
I closed on 14 properties in the Springfield, MO area at the end of November using a portfolio loan. The bank that we used just told me that they have frozen making any new loans and so I can't just get my rehab money...
Russell Smith
Retaining original owner on deed on a sub to deal
Hey friends!
I am attempting to structure a deal where I am added to a deed as a 50% owner. I would assume all aspects of management including finding renters, maintence, paying the mortgage, etc. The original owner...
Curt Smith
Looking for LMLO to originate seller financed notes in GA
LMLOs are licensed in each state so don;t know if there's a business model for nationwide loan origination for investers selling with financing following Dodd Frank. My local LMLOs I called are wanting $1500 for a $7...
Vince Le
How can a mortgage loan originator become a mortgage broker?
What will need to be done when a mortgage loan originator (who already passed the SAFE test and got the selective state education done) wants to become a mortgage broker to work for themself, so their commission won't...
Dan H.
Crazy small support posts original to house from mid 1970s
The main beam on the patio structure was compromised. It was 4”x14’x23’ supporting nine 4”x6”x20’ cross beams attached to a ledger board on the other side. The main beam was only supported at its end with posts that...
Steve Fey
Tenant’s that have signed lease extensions, but no original lease
I just purchased my first triplex. The tenant on the 2nd floor has been there for 15 years. She signed a lease extension with the previous owner that guarantees her occupancy for the next 2 years at a fixed rent level...