Julian Buick
How important is it to have the original promissory note?
I just made a loan that was secured by a deed of trust and promissory note. I got the original deed of trust back after it was recorded. I asked for the original of the promissory note and was told that I already have...
Pete Sailhamer
Mortgage Agreement for a Private Lender?
If I were to purchase a property solely with private lenders (say 3-4 different individuals) using debt financing (i.e. I own the property and they are the 'bank'), in addition to the Promissory Note should I also sig...
Account Closed
Recording Fee
I recorded a "Deed of Trust with Assignment of Rents" yesterday at the Los Angeles recorders office and the recorder said $70, I said, wow, that seems like a lot for a 4 page document, how come it's so much, he sai...
Mike Sedlacek
Discussion on froeclosure fraud.
It seems to me that a bank foreclosure on a persons home is nothing more that a bank rip off destroying a families life. Think about this - When a bank offers a home buyer money to purchase a home and the deal goes th...
Keith Ellis
IL Condo HOA rules amended by property manager (not HOA Board)
I have an Illinois condo unit that I rent out and would like a second opinion about an issue that was debating with the HOA's property manager.The gist is that after signing new tenants to a lease I was hit with a $15...
Greg Hoffmann
How best to encourage online rent payments?
Hi BP!New self managing landlord here. I'm going to be signing up with Cozy/Apartments.com and love the idea of tenants paying online. In CA we can't mandate they do so, so how best to encourage them to do so? Can th...
Dale Osborn
FDIC and NCUA protects who?
Just who does the Federal Deposit Insurance Corporation (FDIC) and the National Credit Union Association (NCUA) protect? Everyone feels it is their own savings that is being protected. Not so! The FDIC is actually set...
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Where does a Real Estate Agent get their leads from?
I'm not an agent but have a friend who is having trouble getting leads. What are you guys all doing, are you getting them through paid traffic to a website? Through flyers? Is there some service that provides the ...
Will F.
Lending From Family member
Hello,
So I was going to get a loan from a close family member for around $125K to purchase a condo or home for myself.
I was wondering what is the legit way to do this?
It does not necessar...
Shafi Noss
Notarize in South America
I am closing on a property in a few weeks and would like to take a trip to Colombia in South America that will overlap with closing. Is there a mobile notary in foreign countries that can ship the signed documents int...