Laura MacDonald
Is this Common in Loan on 4-Plex??? Supposed to Close Tomorrow!
I am about to close on a cash-out re-fi and as I was reading thru the loan docs, saw this clause which is something I have never seen before. Is this common in a loan for a 4-plex?? This is a 30-year fixed rate cash-...
Rudky Martin
How can we share a condo ( co-owners in tenants in common)
My friend and I are both newbies in Real Estate investment. We recently found a condo in San Jose, CA. We want to buy the house as tenants in common. Each of us will pay half of the down payment. However since my frie...
Biswanath Todi
Do I have to pay for Common Area when buying Office Condo?
I am buying an office condo in a 3 Story bldg. The suite size is 2300SF. The owner is quoting for 2900SF [adding 25% common area]. Do I have to pay for the common areas?
Daniel Miller
Is it common for the Federal Government to do this many loans?
I was scanning a blog I found here on BP when I noticed the following statement.
Total private-market securitization this year: about $13 billion, roughly one week of GSE-based production. The big housing que...
Rob Rey
Tax Credit, fudging the date on P&S common practice till June 30th
Hello: can I assume with the April 30th deadline passing, fudging the date on P&S contract will be standard practice ? I would think as long as someone is closed and recorded on state/county site by June 30th, the...
Jared Sandler
Common question: What are the steps to get a Hard Money Loan?
Every HML will work somewhat different but I will let you know the standard flow:
1) Get pre-approved with an HML - This should be free. DO NOT PAY AN APPLICATION FEE. This is a sign of a possible scam.
2) Look for ...
Josh Kamler
Common areas require key to get out to stree. Violates CA safety?
Hi all,The gates from my Condo's common areas out to the sidewalk all require a key to get OUT as well as in. Of course you need a key to get IN, but requiring it to get out means I need to walk EVERYONE who comes to ...
Patrick Philip
Common for buyers to request seller to pay part of closing costs?
I got a potential buyer, but he says he wants me to pay half his closing costs. He says he's deciding between my house and 1 other, and the other seller is willing to do this. Honestly, I probably will because I just ...
Melvin Brown
Is it common to pay a seller for a home inspection contingency?
I was told I needed to pay $100.00 (non refundable) directly to the seller in order to cancel the sale or renegotiate if the inspection reveals a major problem with the property. I also put in the contract that I woul...
Rich Somers
Is it common for seller to not provide tax returns for property?
My lender asked for seller to provide tax returns for the past 3 years of a 5 unit i have under contract, and seller said no. My lender said it’s fine but it limits the number of banks that would be willing to lend t...