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Bank REO "formula" for pricing / offers
Hello,
I was wondering if anyone knew the general guidelines for banks pricing or accepting offers on an REO.
Obviously, banks will list homes around an appraisal amount. But I've often heard that acceptance of off...
Logan Larochelle
Alternative from bigger banks financing orlando,fl
ok I have a few questions, I already have a home loan at $40,000 this is my primary residence, I have had it for a little over a year now and I went through Wells Fargo, now I'm looking for my second home loan, in...
Travis Elliott
Bank didnt except offer OVRT asking price.
This home that I am trying to buy is a repo. I dont know if it is owned by a bank or other entity. I made an offer that was above the asking price. I thought that this would guarantee me or another buyer the deal.
W...
Greg Neuman
Central WI investor friendly banks / credit unions
Looking for any advice or leads to institutions that are investor friendly in the central Wisconsin area. Looking to plan for re-finances or cash out re-finances but currently not getting the results l'm hoping for. ...
David Dovidaitis
Chicago - Need Commercial Broker or Bank Recommendations!
Hello all,I am looking to secure 85% LTV commercial loan on a multi family property in Chicago.Anyone know any commercial brokers or perhaps banks in the area that provide these kinds of numbers?If not, how about a Le...
Anna M.
CAN A BANK CALL GOOD/PERFORMING LOANS?
CAN A BANK CALL GOOD/PERFORMING LOANS?IF SO HOW DOES ONE PREVENT/PREPARE FOR THIS, OR CAN THEY?I have always thought that if I am current on my bank loans the bank would not want to call the loan or foreclose on the p...
Martha Daisley
How do you negotiate bank mortgage liens
Hello allI have a scenario i need advice on. I found an abandoned property while driving for dollars. I was able to get in touch with the owner and they are willing to sign it over for $1000. The catch is that there...
Jacob Hart
Looking for Awesome Portfolio Lenders or Banks
Looking for portfolio lenders or banks in or around the Muncie and Indianapolis (Indiana) area that cater to the real estate investors. Any leads from people you have worked with would be greatly appreciated.
Dan K.
Best bank for investors in Milwaukee,WI?
Does anyone have recommendations on local banks lending to investors in Milwaukee WI? I have one property that I want to refinance - hard money loan, rehabbed, and now fully rented. I'm hoping for lending at 70% LTV,...
Mihir Bhimaraju
"Investor Friendly" Local banks in Indianapolis area
Folks,I'm looking for the following:1) Quicker processing times2) Low or no "Due on sale" cases3) Can lend more than 4 loans4) Accepting of seller financing option5) Cash out refi in 6 months or less6) Fair property a...