Loc R.
How to protect oneself during an assumption
So I am trying to help a friend piece together a deal.
She is upside down on an "investment" condo she owns and currently rents out. She owes $300,000 on it and it's probably worth $240,000 right now. She doesn't w...
Frankie Renaldi
All about structuring the deal
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $84,000
Cash invested: $9,000
3 bed 1 bath cape cod, corner lot, fenced in yard, hardwood floors, good room sizes. ...
Damon Wong
Seller Finance/Note Servicing Requirements
BP,I did my first seller finance sale, creating a note that the buyer is now promptly making mortgage payments to me---going swimmingly well thus far. After more research, I came across various blogs/posts regarding ...
Christopher Roy
Private Lending Question - Small loan amount
Hey guys, first off I want to thank everyone for all of their help. I am looking to move forward on my first buy and hold property because of all the things I have learned from this website. I have convinced a sell...
Bob Malecki
Higher-Priced Mortgage Loans Impound Requirements
Well, this note biz always has a new twist thanks to the feds. We just got this email from our servicer in regards to a loan that we purchased which is a fully amortized, owner occupied, 30 year P&I note at 12% co...
Collin Parody
Sub2 Hybrid Deal Question
I am looking to purchase a duplex subject 2, keeping the low interest rate, while seller financing the rest of the equity. I am a mortgage professional by trade and the one worry I have is changing over the taxes and ...
Andrew McGuire
Top 5 Things I learned since buying on Creative Finance
Last year when my family purchased our new primary residence it was a struggle to go through the lending process and just barely were able to qualify. I thought this was a little crazy because yes I quit my W2 job jus...
Grant Merrill
Title Transfer nightmares
I have two rental properties that I acquired while I was active duty military. They are both currently in my name and bought with VA loans. I'm trying to transfer the titles to LLCs in their respective states, one in ...
Adam Roberts
Community bank experience
Hey Team -
I wanted to get a general 'take' on my situation now having shopped around for a 30 yr conventional - I secured pre-approval from a few different lenders, one being a community bank in Texas, and the other...
Steve Hillen
Countrywide Vote on Merger to End Mortgage Era
June 24, 2008 12:39 PM ET
BANGALORE (Reuters) - Countrywide Financial Corp shareholders vote on Wednesday to approve the largest U.S. mortgage lender's purchase by Bank of America Corp, marking the demise of the comp...