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Folks,I am a private lender, mainly for residential flips, and it kills me to turn away the vast majority of my applicants because they don't have the upfront cash to qualify for my loans. I require them to have subst...
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if a property is going for foreclosure we buy it for less than arv what happens to the existing mortage
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We have a $130,000 triplex that I have a $83,000 private 5% interest only balloon mortgage on. The lender, a dear friend has some health issues, and I wish to repay by refinancing. It's not terribly urgent, but nece...
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The tenant moved in June, she's been problematic but nothing major, her attorney emailed to say she's moved and is wanting her security returned. I have damage and no keys, how long do I have to wait for her to return...
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Hey BP, I have seen some people have been asked to give a down payment just to apply for a loan (in the last conversation I had , it was with an investor who needed a commercial loan) How common is this and why is tha...
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Hi. I'm 19 years old and just looking to rent my first place and I have a couple questions I'd like to sort out. I just want to make sure I have all the right information. I have found a roommate who is a bit older th...
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Hi all,I have an application pending. Good credit score. But bank ending balance for her and her boy friend is about $200 each.The deposit and rent she has to pay will be about $2800, I ask how she is going to pay she...
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Hello Everyone! Thanks in advance for the read and/or advice. I have been trying to figure out the questions below both on my own through research and also by contacting some advising firms but haven't came to a concl...
I found this to be helpful in the beginning, hopefully you will aswell ...
acceleration clauseA clause in your mortgage which allows the lender to demand payment of the outstanding loan balance for various reasons. T...
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Need help.. I would like to get a loan. But i have one red flag. My credit is good over 670 and no credit cards or loans. Im told I have to wait because of the red flag? Is this true?Please help or guide me.. Thank you