Dan Madden
Covenant Deed from Fannie Mae?
I just received the title work for a cottage I'm purchasing owned by Fannie Mae. The cottage is located in Northern Michigan. The Schedule B-1 requirements include this clause:7. Covenant Deed from recited owner to...
Mary Jay
How much is approximately would be closing costs on a cash deal
Lets say someone buys an apartment complex for 6 ml for cash.How much should they add for the closing costs if no loan needed?Thank you
Marco Calderon
Unique deal with seller who owes more than property value
I have a seller that owes too much on his loan for a SFR-rental (in Chicago, IL) that brings in $1500 monthly via Section 8. The problem is he bought in the RE boom in 2008 and owes too much. He does however have a 40...
Robert Howard
Title searches
I'm currently in negotiations for a property with a non-profit. They foreclosure on the property and because of a loan that wasn't paid back to them. Do I need to get a title search done? I'm paying for the propert...
Joe Splitrock
Where is the Eviction Tsunami?
For months I read in the news how lifting the eviction moratoriums would cause massive evictions and a dangerous rise in COVID. Politicians claimed millions of people were going to be evicted. It has been a couple mon...
Priscilla Z.
Assigning VA assumable loan
Hi everyone. I searched and searched but could not find an answer on the forums.Is it possible to assign a contract for a house with a VA assumable loan, to another Veteran who is going to fill out the paperwork and t...
Dion McNeeley
Looking for advice non-recourse loans
Hello BP.
I have 3 duplexes and a paid off sfh. I cash flow $2800/mo and live in a side of one of the duplexes for free.
Recently I was contacted about a non-recourse loan. I have mortgages on the duplexes and the...
Nina Zou
Applicant claims he has a painting company, what to ask to prove?
Applicant claims he has a painting company and put down monthly income as $6,000. What Shall I ask him to submit as the proof of his income? W2 or something else?
Brad Kroepfl
Utah Public Records - Web Search
Has anyone had any success searching through Utah public records with online available resources? If so what sites have provided you the data you're looking for? Ideally, I'm looking for a resource that will search ...
Mike Hsiao
New Law for San Diego "Cash For Keys" for at-fault - 2 months rent?
I have a property in the city of San Diego (92116 zip code). I have a tenant that has not paid August rent. Rent was due August 1st ($2750), and per my lease is late the day after. I acquired the property in mid Jul...