Zach Hoskins
Need Help! Cabin burnt down mortgage company won't release funds to finish building
Our cabin burnt down. We are trying to rebuild we're about 60% done and the mortgage company will not release the insurance money to pay the builder because the builder won't sign a release of lien. Which I understand...
Michelle Ellis
What happens when a seller financed note is paid off?
I am both a realtor and investor. I have a buyer client who purchased a property with owner financing in order to 'win' against multiple bids. He will pay the property off in just 3 installments, the last one being a...
Sol Bergren
Co-signing questions / compensation
I'm looking into having a friend co-sign a loan for my rental property:
1) Are you allowed to financially compensate the cosigner for signing? (could I write that off?)
2) How do you structure it so that they can be...
Ruben Morgan
GC went AWOL near end of a flip
Hello fellow investors. I had a contractor start great, but recently he's been AWOL on a flip that I have going in Earlewood.Can anybody recommend a contractor that can come in and finish this flip out for me?Thanks f...
Bryan Rodas
Construction loan, help
I am trying to understand construction loan, my sister has a house with a big lot. She wants to build another house, and rent it. However, she has a mortgage on the whole house. I was wondering if is there a way where...
Peter Pierzchala
Help Reading Preliminary Title Report for Auction
Is there a way to understand which liens I would assume responsibility for if I buy a bank owned property at auction?The Preliminary Title Report states under requirements of Schedule B-I:10. The matters set forth in ...
Jennifer Lovell
Mortgage Partial Claim
We had a partial claim mortgage that was placed on the title of our home. It was also showing up in our credit reports and shouldn't have been. We contacted the lender but they did nothing to remove it from our credi...
Account Closed
Exclusive Option Assignment
I have lots of leads for wholesaling lease options.
What is the best way to structure this?
Should I use an exclusive option, or I have heard of non-exclusive options where the seller can continue ma...
Gerrard Townes
Wholesaling experts ANSWER THIS FOR ME THANKS!
In a wholesale purchase agreement, I have two important clauses, "Assignability" and "Specific Performance" so no need for me to upload full contract, just keep those two terms in mind. Thanks.So my contract is set up...
Scott Miller
Shocking Development in the Alt A Market Today
AHM and ABC Conduit hit skid row today---press release and commentary to follow:
Press Release:
[b]American Home Mortgage Investment Corp. Provides Update on Liquidity
MELVILLE, N.Y.--(BUSINESS WIRE)--July 31, 200...