Joel Barjon
I bought a property using seller financing
Hey everyone,
I bought a property last year using seller financing. Should the seller send me a 1098 mortgage interest statement? If yes, and in case he said no he will not send it, what should I do? Thanks,
Joel ...
Nad V.
Mortgage not showing on credit report.Will it show after new loan
Good afternoon, I have a few questions I would like your assistance with please :-)Loan does not show on credit report.Loan has a loan servicer that does not report to the credit agencyQuestion is.... Once it is discl...
Tricia Haggard
Non-performing note investor--2014 New Law ?'s
I currently invest in non-performing notes (seconds). I attempt to get the borrower back on track using a variety of work-outs that benefit both the borrower and me.
I use FCI to service the loans once they b...
Raphael Abreu
Question on FHA loans for properties that need rehab
I’ve heard David Greene talk about banks not lending on properties that are complete gut jobs. He mentioned that you’d have to go unconventional for the most part to buy a value-ad opportunity. Is this always the ca...
Jack B.
Closing costs are 8% of the half a million I'd be cash out refi
My long time broker's fees were 20K per property or 80K. So I went to Aimloan, who originally quoted me 5K per property or 20K total for the four. Now I get the disclosures and they are 10K each, basically 40K or 8%...
Account Closed
Vancouver WA Local Bank Credit Union Recomendations
I am pretty fed up with my big bank and want to move my accounts. Has anyone in Vancouver WA developed a good business relationship with a local bank/CU? If so, can you please share your experience? I am looking to...
Art P.
Mortgage Interest deduction tax treatment on mixed use assets
Hello all tax professionals on BP, I would like to reach out to the knowledge base to see if any of you have dealt with a similar situation as addressed below and how to properly handle it. Thank you in advance!Topics...
Troy Bailey
Mortgage Loan Estimate
So I have used up my golden credit union loans and now its back to the wild wild west of brokers & banks. I completed 5 loans applications and I have not been able to get any of the lenders to send an official loa...
Michael Morrongiello
Any Easy way to Get ESCROW Impound Funds BACK - when SUBJECT 2 Loan is paid off ???
BACKGROUND: Bought a property SUBJECT 2 an existing 1st lien (lets say serviced by Shellpoint) years ago. Loan is NOT in our name but in the name of the original borrowers. This account includes ESCROW IMPOUNDS being...
Melody Stevens
Trouble Obtaining Financing
Hello All!! I need some direction.I have tried applying for different types of mortgages so that I can purchase my first rental property. Due to the amount of student loan debt I have and it being in deferment because...