James R.
Loan Approval with Conditions/ Letter of Explanation HELP!
Hi All,I'm a first time home buyer and received a home loan approval with conditions this past weekend! I need advise how to do a letter of explanation explaining that I helped my parents refinance their house 9 years...
Mike Girard
Nationwide Insurance has revalued my property without explanation
Along with a truly bizarre threat to cancel my insurance on grounds seemingly pulled out of a hat and disclosed cryptically, Nationwide has promised that if I do manage to keep my insurance, my premium will go up beca...
Mike Girard
Insurance Company has revalued my property without explanation
I already posted this but I fear I overexplained. I recently got a notice that because of "certain features" the insurance company's inspector found when giving my property the once-over, the valuation of my fairly st...
John Griswold
Best dang explanation on wholesaling legality I've seen.
This is specifically Ohio law. Best to stay on the safe side of the law wherever you are though!http://watsoninvested.com/wholesaling/
Dee L.
Letter of Explanation for Foreclosure on Rental Property
Hi. My HELOC is currently in underwriting and the Underwriter is asking for a letter of explanation for an investment property that was foreclosed 7 years ago. How should I explain it?
Morgan Kadric
Rich Dad Poor Dad Explanation $40,000/5 Hrs
Hello,
In chapter five of Rich Dad Poor Dad by Robert Kiyosaki, he briefly recounts how he made $40,000 with 5 hours of work by buying a "courthouse" property, listing it for less than market value, having the buyer ...
Sandra S.
Great explanation about what's happening in the mortgage industry
The Coronavirus Meltdown
The current Coronavirus crisis is having a critical impact on the Mortgage Industry, which could potentially make the 2008 financial crisis pale in comparison. The pressing issue centers ar...
Justin Brown
pro forma cap rate and purchasing cap rate explanation
I was wondering if anyone could recommend some good articles or videos on cap rates. I have tried googling it a few times and don't really understand pro forma cap rate, and purchasing cap rate and how it applies to a...
Sina Bigdeli
Explanation for what happened to your mortgage after financing
Question:What happened to your mortgage / loan when you finally get the house, and how is it related to the federal funds effective rate? my very base level understanding is that your mortgage lender sells the loan an...
Nick Stille
DOJ ROR (Department of Justice Right of Redemption) explanation
So I want to make an offer on a property, it's a foreclosure that is now owned by US Bank. The problem is, my agent noticed there was a DOJ ROR on the property. He had never seen it before, but looked it up and it mea...