According to what I'm reading, Fannie Mae has added a provision to its purchase/sale contract stating that they are not responsible for HOA assessments owed by the previous owner(s), and they have also added a p...
What are banks accepting now vs list price? I plan to offer on an reo sfd that is being auctioned. Is an offer of 65 or 70% of mls price likely to be accepted, assuming I'm not outbid?
This is a house that they've be...
Not sure if my title made sense, but it will when you read the list below. I know short sales can be challenging (I've purchased three), but I've never heard of something as odd as this happening and am wondering if a...
For an offer made by an LLC, will the banks accept a POF of your personal funds, or does the money actually need to be in the LLC's bank account at the time the POF is given? Thanks.
I am new to the real estate investing world and found a realtor that was excited to meet with my partner and I. I gave him a list of properties to view and they were all REO/bank owned. He told me after we viewed all ...
I have a HELOC lined up that will do 90% LTVThey have a margin of 1.5% on top of prime rate. What margin should I accept? That seems high but I don't have a lot to compare it to.Thank you in advance.
I am interested in a property that my real estate agent says requires 25% down, since we don't have that I wanted to get a credit union loan for the down payment (owner contract for the rest) but my agent keeps tell...
How will a newcomer like me get started now?
Hello ppl of BiggerPockets! I have a question regarding purchasing bank owned properties. Anyone out there have experience purchasing REO's, and if so, do you typically offer the listed price, or below the listed pric...
Long story short, really struggling to close on this property in Connecticut. I'm pretty sure that most things that could come up, HAVE come up, or will be coming up soon. LOL.Here it is: Seller and I agreed to purcha...