Ray Mulli
Deed in Lieu
Would and Investor (institutional or otherwise) turn down a HAFA deed in lieu?All comments are welcome.Thanks!
Eunice Villarroel
SHOULD I SEEK OUT FINANCING ON A POSSIBLE AUCTION PROPERTY BEFORE OR AFTER AUCTION?
Hello, very new to flipping but I found a great deal and think now it’s the best time to start. The property will go into auction in a week. 10% down due on site and full payment required in 30 days SHOULD I SEEK OUT ...
Zachary Piatt
Private Flood Insurance for Conventionally Financed Properties
My lender told me that their bank will not accept private flood insurance for the property that I want to conventionally finance through them. He said that it must be government backed and that he doesn't know of any...
Account Closed
Help. Can't get funding for good deal.
I was set to close on a fourplex in Cincinnati (4430 Ridgeview) on June 15th in one week.Unfortunately I have been unable to get any funding through traditional or hard money lenders.The numbers look decent to me. $86...
Kevin Parnella
Homepath bid and buying process
Hi all,
Has anyone ever bid and acquired a property on Home Path? The 10% down is a very attractive offer along with no PMI. The bid price seems to be pretty attractive compared to the value giving what appea...
Anurag D.
Condo Master Insurance - Loan Approval Issue
Hello BP Team, Mortgage Underwriters/Lenders,
Thank you for information exchange in BP forum.
> Context:
Property: Low Cost Investment property (Condo with HOA) in contract.
Location: Atlanta, GA metro
>...
Raam W.
Disclosing the purpose of the HELOC
I am trying to obtain a $100k HELOC on a $200k out-of-state investment property that I own free and clear to use as a down payment for a new home that I will live in. WF recently rejected my application. Some of th...
Brandon Glass
picking a lender building credit
Hey guys I have been reviewing a few mortgage lenders online and trying to see which are the best. I am rebuilding credit and just under 600 and just needed advice on which lenders would still help or where to go to g...
Amir Saeed
Short Sale Question
In short sale when there is only one realtor for the buyer and seller. When the realtor lists the property in MLS. Does he have to list the property at a FMV (considering other comps). I on the other hand (buyer) can ...
Joel Lopez
My First Investment
Houston, Texas
Will anybody give me a loan?
I am unsure if I can go through a lender for some more insight. I am 19 working full time and making 35k a year. My credit score is 720, will I be able to get a loan from a...