Sean Stewart
Determining bank fees/atty costs BEFORE Foreclosure Auction
Looking for intel on how to find out EXACTLY what the bank's credit bid will be at foreclosure auction.
I see the judgement amount listed in the case filing. After attending several auctions I know the actual amount...
Ken Sanders
Limits by Bank on Seller Assisted Closing Costs?
I'm selling a house right now for $294k with a $10k seller assist.
The agreement states:
SELLER ASSIST - Seller will pay $10,000 toward Buyer's costs, as permitted by the mortgage lender, if any. Seller is only obli...
Nick Klomstad
CLOSING COSTS: FREE - HUNTINGTON BANK --- IS IT TRUSTWORTHY?
Hi All,In the process of closing on my first MFH and up to this point planned on using a Freddie Mac Home Possible 5% DP which locked at 4.25% 30 yr Fixed.I was approached by a mortgage broker about a program through ...
Erick T.
Bank willing to lend purchase price and rehab costs.
Hello, I’m under contract for my 3rd property, a REO. Its a financing and my lender wants an appraisal. Problem is, we are finding issues in the house. For one, the plumbing froze in a few spots and the lender wants t...
Dianne Pettitt
What does it really cost a bank to foreclose?
Our local REIA organizer says not to bother with short sales because the bank gets paid for the first three missed payments (due to insurance) and after that they get paid all the rest of what is owed them. So they ...
Brandon Johnson
Asking Bank to Pay Closing Cost on REO Sale
Does anyone have any experience to be able to say whether a large financial institution would be less inclined to accept an offer on a bank owned foreclosure sale if the offer contained a stipulation that the seller p...
Robert Guilfoyle
Will banks give HELOC on ARV for Rehab Costs
I know there are banks or HML's out there that will provide $$ for purchase and rehab costs based on a % of ARV. I am working with a national bank who does not fund rehab but will fund purchase price. They do not le...
Account Closed
Second 4-plex and a foreclosure!
Good morning everyone! We purchased our first 4-plex in late August and are now set to close on the second 3 week from now! I love 4-plexes, they're my little go-to money-makers. My husband, however, is more into the...
Bryan Beal
COVID-19 vs. Basic Freedoms
Let me start by being crystal clear. I am very sympathetic to all of those who have been exposed to COVID-19 – those who have either struggled through severe (or even mild) symptoms and certainly those who have passe...
Ciera Calhoun
Lifestyles Unlimited of Texas
I recently found out about a real estate investing mentor group called Lifestyles Unlimited based in Texas and decided to do some research on it. I came across a thread on this forum about the company from 2008 and ve...