Terry Giancaterino
Transactional closing question
Say I have to do a transactional closing and my mother is going to provide the line of credit or proof of funds letter. In the transaction, does any of her money ACTUALLY get used or is it all just paperwork on the d...
Account Closed
Closed down alf
I acquired a 17 bedroom, 10 bathroom closed down alf through foreclosure. Theres three seprate buildings the Main building is 10 bed facility with 10 bedrooms and 6 baths plus office, utility room, kitchen, dining roo...
Devin P.
Calculating Closing Costs
I have a property under contract using a Fannie Mae Renovation Loan. When doing a soft assessment of the property I originally used 4% of the total cost of the property for closing costs. 2% of that being "transfer ta...
Jessica Esquibel
Closing delay compensation
I am in the process of purchasing my first deal. We were supposed to close yesterday, Thursday, at 12:30PM but something came up with my credit last Friday that took until this Tuesday to clear up. We are now schedu...
Riley Huseby
Wholesaling Closing Questions
I’m just starting out in real estate so this is all knew, but I’ve been listening to some different podcasts (bp of course as well as some others) and the whole idea of double closing in a single day and lining it all...
Shant Tchakerian
Chicago closing attorney
Can anyone recommend a closing attorney for a Chicago purchase? I'm a California investor venturing into Chicago for the first time and looking to establish a team.
Anthony Freeman
Closing costs effects
I would calculate the down payment for a FHA loan and think the down payment was too good to be true. Then I realized closing costs range from 3-6% of the loan.
Shane Brown
Closing Cost Comparing
Hi everyone, Currently in the process of trying to buy my first home. I am just curios if anyone has some idea of what bank, CU or mortgage company has the lowest closing cost fees. Currently looking at one that will ...
Alex Boots
Cash at closing
I am looking at a 48-unit deal and spoke to the broker today. I asked him other than price, what motivates the seller the most? He said cash at closing. Can someone clarify what this means? If I get a conventional loa...
Robert J.
High closing costs.
Do these closing costs seem high to anyoneLoan amount is $131,000 at 7.5% interest with 25% down. ~$11,000in closing costs: 4.4% points ($4,500)$1500 underwriting and processing$700 appraisal and credit report$1300 i...