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Correct me if I'm wrong, but there is no way to get a short sale approved for any amount without first having a buyer and a contract in place, right? I get calls from realtors on active listings asking "is the ss appr...
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Hi everyone,I'm currently in escrow purchasing a turnkey property out-of-state. I'm still waiting on loan approval which could take another month. However, my loan officer has sent me a non-refundable form to order an...
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I just got one today. A 2 page addendum required during Equator process before approval. In addition, to the 30 day language, has language that buyer and seller agree that transaction will not involve flipping....an...
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Would the following scenario change the pre-approval amount or condition? Would you have any concerns from a lender perspective?
My spouse and I get pre-approved then prior to the deal going through one of us has a d...
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Dear BP community,I have a question here, once I get pre-approved for a conventional mortgage, will they check my employment status right before the closing ? And if they will, what are the possible ways they could do...
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Numerous pod casts have indicated having pre-approval will show agent and perhaps lender your a serious contact as your using BP agent finder to establish a team. I don't yet know the lender I plan to establish a rela...
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I've noticed a few threads where people state that the jurisdiction approvals/permits should be obtained prior to purchasing a property. I'm curious how this process plays out if you haven't bought a property yet. D...
I have this property under contract and I am assigning my interest. the buyer went through a third party broker (Rapid Funding Solutions) and we could’ve had this deal closed last week but the lender said that could c...
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What's up BP!
Many people have asked me what they need to do to get approved for a loan. There are a bunch of ways to help prove yourself to a Lender, but staying healthy in these four categories will put you in t...
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Hey Everyone!
So I'm currently in the process of purchasing my first multi family property that I intend on house hacking. I have a business in the short term rental space where I only lease but I've been looking t...