I recently applied for a cash out refinance with Aimloan for an investment property currently serviced by Aimloan. Back in May 2020 I requested a forbearance due to financial hardship associated with lost rents. I r...
Hi everyone,i need advice please on denying an application i just received on one of my units i am trying to rent out. It’s the first time i am doing it my self and this applicant sent credit history and information s...
Hi all,Well the house is renovated and listed for rent! And we've gotten some "interesting" enquiries! But we also got a tenant application who I have to deny. Here is the scenario and I would appreciate any advice...
Hey BP!!!So I’ve had this amazing duplex under contract since May 2019. All parties are ready to close. My lender is now telling me they will not give me the loan to purchase the house. Their reasoning behind is I “do...
I made an offer on a multi family property; the asking price was $795K, however the tax appraisal is only about $480K. so I put in a offer at $550K. The property has been listed for almost 2 yearsI don't have a RE age...
I am the co-broker for a multifaceted brokerage with over 50 agents. We specialize in working with investors and provide in-house lending, including VA loans. We are constantly sending out educational trainings and ma...
Hey I recently brought a renovation policy from NREIG for a property . During the policy term I had a break in and filed a claim. In the denial letter it said my claim was denied because building was under renovation...
Hello all.
I was recently denied for a business credit card because my business has no credit history. I have been in business as a sole proprietor for 3 years. I was under the impression that they would take my pers...
This question is for private lenders/HML. If a buyer uses your POF to enter a contract and you then decide you are not going through with the deal...how does the borrower know that. With a typical bank you would get a...
Hi, newbie landlord here. I'm using Zillow's rental manager and so far it has been very helpful. I just got an application from someone who didn't meet the credit score requirement. It is my understanding, that for ev...