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...
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...
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 ...
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 ...
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 ...
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...
Looking to cash out refinance out of my hard money loan. House is only season at 3months please help
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...
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...
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'...