How hard do you think the homeowners will stlgugre to keep a home that is 50% upside down? I think the average homeowner is smarter than a government program designed to help them into paying twice for their home.
I only do this on Non Owner Occ. properties, in CO we have some new laws that make flppiing even the LLC or Trust beneficial interest a No-NO .Even if you get an acceptance letter with no resale for 60 days, you just sell the entity. This works for properties your selling to cash?»? or hard money buyers. Flipping to owner occupants getting traditional financing, not going to fly because of the entity they need to close in their own name to get that kind of loan.
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LLC method works great so long as you sell to an inotsevr paying cash or using hard money. This will not work with any buyer using a residential mortgage to buy. That type of funding will require the buyer to take title in their own name.
is work. Are you handy? You seem like the kinda gal who can snake the toilet or tehtgin door hinges. If you aren't, tho...you might wanna think it through. I miss having a landlord I can call anything the dishwasher clogs or there's a mysterious wetspot in the closet.]]>
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I would do my home work first go to the county reedrocr where by state law the land titles is to be recorded. Along with the loan. It seem a lot of the titles were not and it seem the mortgage company lost/destroyed the titleIf not recorded talk to a lawyer see what that means. You may be trying pay for a very clouded title on land that you can not sell. Not only that some of the mortgages was sold for full amount to three or more companies. Which may all come looking to you to pay.
By :By :RE: These pollution limntatiois are probably the basis for pfft claiming there was a lot of extra capacity in the state.no that was the audiotapes of traders deliberately taking plants offline for maintenance. Take an economics course sometime. There will always be incentive for sellers to reduce supply. That increases price. Unfortunately if they unilaterally reduce supply, they lose because they don't get the sales on the supply. So they need to conspire if that is going to work. OPEC is the best example of that. It survives. What you're describing might be tried, but it doesn't work very often and doesn't last.Beyond that, again you need to get to the first step. Taking a plant off line would have no effect if the market conditions were proper. The reason they weren't proper was California was holding down the price of electricity at the retail level. That created shortages just like with price controls on gasoline in the 70s. If they had simply raised the price, none of this would have occurred. Rate this comment: 0 0
By :RE: A CEO of a large investment bank commtis massive fraud, enriching himself in the process. In this backwards country, the CEO uses his influence and connections to become the Secretary of the Treasury, where he then demands a blank check to bail out his former employer whose misdeeds have bankrupted the company. He also engineers a no prosecution policy, as if that were at all necessary anyway. He then works with the equally corrupt head of the country's central bank to dump these bad investments on the general public. And the corrupt Congress mandates that fraudulent accounting practices be enforced, lest the truth become too visible.In what backwards banana republic could such outrageous practices occur? Bolivia? No. Ecuador? No. Brazil? Heavens no. Give up? The answer: It is the United States of America.Sounds like Italy with Berlusconi good role model for the US of A!?Reminds me of an old joke:In heaven: The French do all the cooking, the Germans fix things, the Brits run the police, the Swiss run the government and the Italians are the lovers.In Hell: The Brits do all the cooking, the French fix things, the Germans run the police, the Swiss are the lovers and the Italians run the government!
I stayed just after chasrtmis in 2007 in the chattanooga choo choo hotel. Its historical and really pretty. they have a couple in door pools, and spa's. Plus you can choose to sleep in a train car or a regular room
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You can roll in other debt to your mortgage dndenpieg on how much you qualify for and how much you intend to borrow. The question of weather you should is a matter of your circumstances. You usually pay less in interest on a car/student/credit card loan over the life of that loan than you would if you payed interest on it over the 30 years of a mortgage. Your mortgage broker should be able to show you what the actual cost would be throughout the life of the loan.
Here's a word of caution about foocrlesures: The bank does not have to submit a transfer disclosure statement (TDS).When a person sells a property that is not in foreclosure (not bank-owned), they must include a TDS document that lists everything about the condition of the property to the best of their knowledge. Failure to disclose a problem with the home (and I mean just about anything) could result in the buyer coming back at the seller and his real estate agent after the sale to sue them for non-disclosure. So, agents and sellers are usually pretty thorough and honest about this (usually).But, since a bank has acquired the home from the previous owner without any knowledge of its condition, they are exempt from providing the TDS. It is then up to the buyer to make all of the required inspections to determine the condition of the property prior to close of escrow. And, if there are any hidden problems, it could turn into a money pit for the buyer.Also, consider that the people being foreclosed on are usually pretty upset, sometimes to the point where they strip and/or trash a place before leaving. When looking at foreclosure condos, we actually found one where the toilet had been removed and concrete poured down the drain. Another one we saw had everything light fixtures, interior doors, cabinets, countertops, heaters, even the shower heads ripped out by the previous owner.That stripped place was listed for about $40K less than model matches in near move-in condition in the condo complex. But, it would have taken at least that to bring it back up to liveable condition.References : Was this answer helpful?
Chris, I noticed that the arvhice december 2005 for your blogspot blog mentioned above is the same as your blog homepage. I'm in the process of buying a property in Bangkok, how has the market changed since you last updated your blog 20 months ago?
they do not?Why is the Fed hiding from an audit? Since when does ANYONE or ANY ctiaorporon decide what they will and will not disclose in a potential criminal investigation. Blankfein can run, but he can't hide.Enjoyed Mish The Magician Shedlock attack on the GM Stamping plant in Indiana plant workers, another of his one-sided, biased articles, lacking perspective and pertinent info on the subject. Frankly, he is a putz, and not a very good corporate hack.Why magician? Well, in his rant of how ungrateful those union workers are to have a good paying job ( many would line up to take those jobs ) that the Corporate beast of GM has decided to target he seems to leave out a few *details*, dont ya Mishipoo?He leaves out the fact of whether the plant is MAKING A PROFIT. HOW MUCH OF A PROFIT, and whether the GM CEO, CFO, COO, the 890 million VPs, and the rest of Corporate will ALSO TAKE A 50% PAY CUT???? No? THEN FUCK YOU MISH!!!See, Mish *leaves out* the FACT THESE WORKERS OWN THIS PLANT: we bailed these cretins out, remember????? GM is owned BY US!!!Anyone asking Indiana factory workers to take a 50% PAY CUT???YOU, Max? Sherbert, YOU? No mention at all of what this NEW POTENTIAL OWNER ASKING FOR WAGE CUTS WILL MAKE IN PROFIT WITH our factroy.Ours: we PAID FOR IT, didn't we, you suckass Mish???Go sell smoe worthless paper, you couldn't bolt your own tire on our imported automobile, asshole.Have a nice day, Mr. Shedlock.
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pYour welcome. If your not scsburibe make sure you get on my subscription list. If you ever need any tips or personal advice please feel free to contact me and I will be more than happy to help you out with what you need./p