Susan Kelley
Seller Financing Reneged One Hour Before Closing
Simple 4 page executed contract provided for purchase money mortgage (pmm), seller financing $375k @ 4%, repayment monthly amortized 30 year, 15 yr balloon, no pre-payment penalty. Seller's P.O.A. is a non practicing ...
Ryan Coburn
New to forums question about a home we have to rent or sell?
Hello glad I found this forum good stuff here. I wanted to get some advice I own a home 5 hours away I have tried to sell it now for 2 months no offers asking price 179,500. We owe 162 k on the home we can get 1200 re...
Lois Stern
Seller requested 30 day close, mortgage company may/may not be able to accommodate
I have a contract on a house. Buyer asked for 30 days. Being my first contract, I did not know that I had to ask the lender if this was possible - so I said yes. Mortgage Co said they are trying to speed it along [...
Josh Gibson
Inheriting new tenants, last landlord didn’t stick to lease
Hello BP, I am closing on a duplex today. We are inheriting two new tenants.The previous landlord worked out a deal with the tenants on one side of the duplex. Their original lease was $750 a month and somewhere down ...
Terri Lewis
What should I do about the EMD
I am not sure what to do over the EMD. Being new to wholesaling, I think I did it wrong. Just that the deal came to us and I wanted to try to follow everything through correctly, and quickly. So after the contract was...
Carly M.
Title Co. Removed Rents and deposits on seller request.
Hello!
I just purchased a property and after closing the title company said they removed the rents for the upcoming month of November (Closed on Nov. 5) at the seller's request. The seller, whom I know, said their 10...
Sam Leon
Buyer wants to change buyer name to an LLC last minute
Selling a property and went under contract in early July scheduled to close in two weeks.So far all contingencies have been met and suddenly the buyer wants to sign an addendum for a name change from "John Doe" to "wh...
John Yu
Keep security deposit due to early termination
I have a renter that broke the lease and moved out early. In the lease agreement they signed says "Security Deposit will be not be refunded to the TENANT and will be used as a penalty for early termination of the Leas...
Anna L.
Trying to help a prospect with tricky Estate situation
Last week I sent out my first batch of 7 yellow letters campaign after driving for dollars. Yesterday, I got a call from 2 of them. One wasn't interested because she is dealing with some family issues. The other one w...
Nicole Assali
Commercial tenant lease
Hi everyone,
So i just bought this commercial retail building and one of my tenants is a driving school. The lease is coming up for renewal and basically this is what they are asking for :
1-Changing the lease by ad...