I would leave it alone and be thankful for as much as they gave you...since insurance claims are always such a back and forth battle, and they seemed to take responsibilty and fix the situation in a timely manner. I am sure you deserve the extra cash, but just be thakful for getting as much cooperation as you did with them so far....things could have been so much more worse!
Good luck
[addsig]
I dont know current rates but 100% NOO on a four plex those rates sound about right. But perhaps someone with up to date info can comment.
As for doing a refi in 90 days. When you take on this $1,064,000 in debt I will wager that your score goes into the dirt. If you make payments on time then in a short time your score will be higher than ever. Then you could refi at going rates.
I believe your lender might be right... it depends on the terms of the loan and how it was written - make sure he/she lets you know if and how the terms might then be affected
your first mortgage interest rate will be determained more on the occupancy type, cltv, and doc type. credit score is more of a qualifying measure when looking into noo properties. as opposed to pricing. in fact, looking at price sheets from lenders, few are giving price adjustments for scores from 660-700. above 700 is only .125 diff. [ Edited by ohio_broker on Date 02/18/2007 ]
jenstout76,
Glad to meet you.
I have always built my buyers list by purchasing the right property and then letting one of the buyers who call me purchase the property.
You might want to think about this for awhile.
John $Cash$ Locke
[addsig]
Yes, I understand that, but do you...
-post ads in the paper
-post ads in craigslist
-use a realtor
-just do a FSBO
-do you network with the other REIA members
Sometimes I see ads in the paper under "Real Estate Wanted" where REI are looking to buy properties, do you reply to those?
If there is something else YOU do besides this I would love to learn!
Thanks!
jenstout76,
Quote:
On 2007-02-16 16:27, jenstout76 wrote:
Yes, I understand that, but do you...
-post ads in the paper
I advertise the property I am selling in the newspaper, describing the property for who I fell is most likely to purchase it.
-post ads in craigslist
No
-use a realtor
Never
-just do a FSBO
Yes
-do you network with the other REIA members
The only time I ever attend one is when I am the speaker.
Sometimes I see ads in the paper under "Real Estate Wanted" where REI are looking to buy properties, do you reply to those?
These ads are investors looking to purchase properties, however I do not respond to them for the properties I am selling.
If there is something else YOU do besides this I would love to learn!
It would be difficult to explain in one post how I purchased and sold over 500+ properties using my method, which is Subject To investing.
Thanks!
Your Welcome
John $Cash$ Locke
[addsig]
I would talk with a real estate lawyer. Find out what kind of a case they think you might have. It may cost you more than its worth.
anyone else have any thoughts?
thanks.
I would leave it alone and be thankful for as much as they gave you...since insurance claims are always such a back and forth battle, and they seemed to take responsibilty and fix the situation in a timely manner. I am sure you deserve the extra cash, but just be thakful for getting as much cooperation as you did with them so far....things could have been so much more worse!
Good luck
[addsig]
Per Judge Judy, "you have to prove damages" . I think you would have needed a purchase contract or a lease to show any damages..take the $500.
Eric
I dont know current rates but 100% NOO on a four plex those rates sound about right. But perhaps someone with up to date info can comment.
As for doing a refi in 90 days. When you take on this $1,064,000 in debt I will wager that your score goes into the dirt. If you make payments on time then in a short time your score will be higher than ever. Then you could refi at going rates.
I believe your lender might be right... it depends on the terms of the loan and how it was written - make sure he/she lets you know if and how the terms might then be affected
your first mortgage interest rate will be determained more on the occupancy type, cltv, and doc type. credit score is more of a qualifying measure when looking into noo properties. as opposed to pricing. in fact, looking at price sheets from lenders, few are giving price adjustments for scores from 660-700. above 700 is only .125 diff. [ Edited by ohio_broker on Date 02/18/2007 ]