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So in Michigan we have a 6 month redemption period. If I'm understanding this right it's 6 months from home auction date. Meaning you could buy the home and not be able to touch it for 6 months. In todays economy that...
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I have a 5-day inspection contingency period and on the 5th day I messaged by broker saying I need 50k back towards the deal due to excessive repairs. Escrow is asking me to release contingencies on the 6th day, howev...
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Hypothetical scenario:
1st lien - 100k
2nd lien - 30k
market value - 180k
The property gets sold at an auction for 100k. The 2nd position is wiped out. I come to the homeowner before the redemption period is over ...
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Not sure what catagory to put this in, but are there any magazines/periodicals that are specific to house flipping, investing, etc.? I know of ones like Money and Business insider and such, but those aren't "industry ...
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How long is the seasoning period once you purchase a home in cash before you can refinance? Are there lenders out there that have no seasoning requirements? My wife and I are about to purchase a tax deed home and I’m ...
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Hello bigger pockets community. I had a question for anyone in the Clarksville TN area. What banks don’t have seasoning periods? I have talked with a few banks in the area and the seasoning periods were around 6 month...
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Looking to cash out refinance out of my hard money loan. House is only season at 3months please help
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First,let me say thank you so much for starting this blog. My questions have been answered so quickly. I have a question about information in one of your blogs. It states "If the investor takes possession on the earli...
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Hi everyone, Clayton here with a question on due diligence periods. I am currently selling my home, due to a military deployment and I'm afraid my agent isn't fulfilling her fiduciary requirements. I need help from a...
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Very new to the process here. I'm looking at a home and talking with a work colleague about getting into a rehab together.
If we make an all cash offer what is a typical due diligence period?
I understand once we'...