Nick Vehr
Refinance out of HELOC - Is there a seasoning period??
I've been confused all day, thinking I may have heard my loan broker correctly. But can someone please clear this up for me. Let's say I take out a HELOC for 100k, and spend 75k on buy and hold after expenses and reha...
Haiyang A.
Can't submit offer to homepath property within firstlook period
I'm looking at a property on homepath.com that is still within First Look period (3 days left). I contacted the listing agent, and she told me that the property went pending today. She also said that she see no reason...
Julie Fagan
In Redemption Period, Can I approach previous owners/Occupants?
PATRIOT BUILDERS - Southeastern Michigan and Mid-Michigan.Experienced in Flipping - General Contractor - All Trades on Staff: Framers, Drywall, Interior Trim, Ceramic Tile/Flooring and more. 1 crew dedicated to your...
Rachael Collins
HAMP Loan - non owner occupied after a certain period
I am hoping to find out if a house under a HAMP loan has to be owner occupied for the full term of the loan, or is there an "owner occupancy period" as I have heard of for FHA loans that would then allow the borrower ...
Anne Chiramberro
Due Diligence Period: Septic System Not Up To Code
Hi, BiggerPockets experts.I'm in contract to buy my first duplex and the septic inspection report came back saying the septic system is not up to code--the code being that it cannot be within 5 feet of a building stru...
Albert Hoffman
Fourplex Under Contract, Redemption Period Ending Soon - Need Advice
Hello BP,I do not have a lot of experience in foreclosures, so I was hoping to gain some perspective from some of you who do.I currently have a four unit building under contract in Minnesota. The redemption period is...
Account Closed
Where does the 30-60-90 day period fall?
Hello all,I generally understand the foreclosure process, where once you're late on your payment, you get a notice of default. After that, you get notice of sale, then it goes trustee sale, then possibly sold as REO. ...
Jessica Stern
Long term financing with little to NO seasoning period
Hi everyone, I'm a real estate investor in Philadelphia and have secured hard money financing for my latest investment property. Once the renovation is complete and I rent it out, I'd love to refinance ASAP. Would lov...
Jason Scarpati
Water Damage disclosed during inspection period, should I worry?
I just went into contract to buy a new primary residence, and I will turn my current home into a rental. The home is a single story townhouse in Phoenix, built in 1969. During the inspection period it was disclosed ...
Eric Pierpont
The 15-day rent payment grace period in Maine
I told my tenants they would not be charged a 4% late fee until 15 days from the time payment is due. The 15-day grace period is state law which I will abide by. So now tenants do not pay me until the 13th or 14th of ...