J S.
Refinancing Private Mortgage Procedure
We financed the purchase of a home for our daughter. We are agreeable to refinancing the loan at a lower rate. The original mortgage was secured with a promissory note and a mortgage document filed with county. Can...
Joe Taylor
Using 26 US Code 190 Expenditure to remove accessibility barriers
I'm wondering about using the rule in 26 US Code 190 to expense, instead of capitalize, costs to improve accessibility, whether it's ramps, widening doorways, etc. The code states I have to make an election to make th...
Michael Rosenson
How 2nd liens come into play
A newbie question here but I'm having trouble finding this information clearly spelled out somewhere: What exactly happens when a 2nd lien is established on a property? Does the borrower now pay two separate mortgag...
Matthew Nelson
California Foreclosure Consultant Laws for Owner Financing
Please only California investors or those with specific knowledge of California laws answer:I have been researching what requirements and laws that exist in California surrounding purchasing homes from owners in "pre-...
Parish Benoit
Home Owner wants out of contract that is Sold
I currently have a contract to buy and sell on a property. The property has been appraised by end buyers bank and title company is ready to close on my buy side. The home owner's mortgage company that was about to for...
Scott Nipp
Possible "Sub To" deal in Fort Worth, TX...
I have been looking at a possible deal in Lake Country (subdivision in Fort Worth, TX 76179) on a SFR. Here are the specs on the house...3/2/2 single story w/ poolNeeds only minor touch up and major work or new A/C ...
Taylor Ernster
MERS and Foreclosures
Hey all,I am looking at a property that is going to the sheriff sale. I'm having a tough time evaluating the O & E report that was provided by the title company. Can anyone help me out with it? 1. Mortgage dated S...
Donna Dekker
Repairs - who pays when home warranty not used?
In my lease I specified that my tenants should cover repairs that cost less than $100 and that there is a home warranty that can be used to cover repairs. My tenants called a plumber with whom they'd done business pr...
Roman S.
Tenant doing business like activity
Hello fellow landlords. I have a tenant in TN that has been gradually building a pretty extensive garden in the backyard (property has a huge backyard) and transformed the garage into the green house, where they grow...
Evan Renaud
Buying property and previous owner renovated with no permits
A question about buying a house that the previous owner began and nearly finished renovating without acquiring building permits. If I were to purchase this property does that fall onto me or what challenges would face...