Is it illegal for a property management company of a condominium complex to withhold an agreement from FHA unless they receive a confidentiality agreement from the mortgage company?

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The association's board is in charge of sharing association details with the FHA. This is their decision to make, not a decision to be made by the vendor.
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Can your employer withhold the outstanding balance on your company sponsored credit card from your final paycheck if you are terminating and you signed an initial agreement giving permission for this?

Answer . Yes. If they "sponsored" the credit card, they are guaranteeing the debt. After you are no longer an employee they have no way to know that you would pay off the debt. If the card was used for company expenses, you should get reimbursed for those expenses. If they were personal expenses (MORE)

What can you do if your mortgage company requires a reaffirmation agreement for a loan modification but your lawyer said it was not needed so you did not do one?

If your mortgage company requires a reaffirmation agreement but youdid not do it based on the advice of your lawyer, talk to themortgage company and explain to them why you didn't do it. Thelawyer should contact them for you and explain that these documentsare not needed. In some cases it can be eas (MORE)

How do you remove condominium property management company?

Condominium associations are governed by: (1) State Law, (2) the documents creating the condominium, usually the Declaration of Condominium, and (3) the Bylaws of the Condominium Association. Often, a condominium association will hire a property management company to manage the day-to-day operation (MORE)

If a property management company doesn't have a renter for a property who is responsible for the mortgage payment The property management company or the landlord?

That is correct. The landlord is responsible for the mortgage payment as the investment property is ultimately his (name on the deed). And I also agree with the advice given below. A competent and successful property manager will get vacancies filled. In a slow market, it's natural for a home to (MORE)

Homeowner caught in the ARM mortgage short sell condo Unknown to me mortgage was sold to another company prior to settlement agreement how can both mortgage companies report same info to 3 agencies?

this should have been something cleared up by the title search. contact your title company because the title insurance should cover you.. 11/7/08 it should like you are talking about the credit agencies? Double reporting? Mortgages are bought and sold all the time. The old lender should have stoppe (MORE)

If a company never provided you with a copy of the car lease agreement can you cancel this lease as you never received these papers?

In the UK, you have around 7-14 day cooling off period, during which time you are able to cancel your contract and receive a full refund, or a refund less the administration fees. The answer to this question depends on how long it has been since you signed the lease, and the terms of the lease, a (MORE)

For how long is confidentiality agreement binding?

The length can depend greatly on the sensitivity of your work and in which field of expertise you practice. An "average" length of time after termination of employment is three years however for companies where intellectual property is generated up to 15 years, or the life of a US patent is common (MORE)

How do you start a property management company?

You can easily start a property management company, but there arefew steps required, as stated below:- 1. Get Property Management certification from certified Association 2. Keep Good relationship with your owner and tenants 3. Being Organized (usually use Property Management Software

Your mortgage company added your other property to your mortgage illegally 2 years after signing mortgage What can you do?

The mortgage company can not add another property to your existing note without you signing for it. If they have placed a lien on your property you can go to court and make them remove it. Pull your Mortgage or Deed of Trust (depending on what state you are in) and look at the addresses on it. If it (MORE)

How do you find a reliable property management company?

Well, it's really hard to obtain a dependable property managementcompany with total dedication. And then browse online & findall the local listing of property management company and notice allthe details also. May be this will help you to find a rightalternative for purchasing any real estate proper (MORE)

Are property management companies 1099 applicable?

Yes, property management firms should be applicable to form 1099,according to which the landlords must keep track of the paymentsmade to service providers, if the cost incurred in total is $600 ormore.

Are funds belonging to a condominium association frozen if the funds of the management company are frozen by the IRS?

This question can be best answered by seeking professional assistance from the association's attorney or tax counselor. If the association's bank accounts are kept in the name of the association with signatory power given to the management company, your professional guide can help you protect the a (MORE)

Can a mortgage company be forced to give you a mortgage if you were defrauded of the property?

Basically, no lender can be forced to give you credit - regardless of why you think you deserve it.. If you were defrauded of any property, which of course you would have to prove to a court - or your contention is not only not believable - but if actually said of someone or a company and unsupport (MORE)

How long can a property management company hold the owner's reserve funds once the property management agreement has been terminated?

This time period may or may not have been defined in your contract. Call other property managers in the same industry in your locale, and ask the question about the time period. Then, send a letter to your property management company, certified, return receipt requested, and demand that your rese (MORE)

Informal agreement among competing companies to fix prices?

These are sometimes referred to as a "combination in restraint of trade," or 'cartels.' It makes no difference if they are informal or formal, in the US it is against the law. It is known as price fixing. An arrangement in which several competing businesses make a secret agreement to set prices (MORE)

Are condominiums required to sign easment agreements?

It depends on what you mean by condominiums. It's possible that the condominium project developer who originally owns the land was required to sign an easement agreement. Your local county clerk's office has a copy of the original deed filing for the land which will contain an easement if one was (MORE)

Do condominiums need property management companies?

It depends. If you are a six-unit conversion of a brownstone on the upper east side of Manhattan and you've all lived in the building for 20 years and kept the property in good repair -- maybe not. If you're a new complex with multiple buildings, a mixed-use development with residential and c (MORE)

What is a difference between a security company and a property management company?

A security company holds financial securities AKA intangible assets. A property management company manages property AKA real assets. Another Answer Insofar as real estate property is concerned, you could also say that a security company is chartered with protecting the physical property and its (MORE)

How much do property management company charge?

Your answer depends on what services you require. If you own a 3,000 unit apartment building, and need full service from a property manager, you'll pay more than if you are a single condominium owner seeking a tenant. Prepare your list of services that you require, and call three local property (MORE)

What is a hold harmless agreement by a towing company in Oregon mean?

These contracts are typically used when a vehicle has been in an accident or off the road. This protects the towing company from having to pay for damages to the vehicle. If a vehicle is in a ditch covered in mud, it is not possible for the tow driver to do a complete examination of the vehicle f (MORE)

What is involved in starting a property management company?

Many things involved, you should have enough capital, relationswith tenants, landlords and other concerning authorities. As a newcompany your rates should be competitive, also need experience inreal estate so that you can cover all aspects.

Are condominium complexes private property?

Your question and the categories you chose make it look like something in your possession was repossessed on property that is part of a condominium complex. With those facts as assumptions, your answer is: . Some of the complex is private property, some is common area and some is public. . Wi (MORE)

Can principal applicant of a mortgage agreement remove co signer from the property?

Yes and no. The legal ownership of the property is separate from any liens against it. Therefore you can file grant deeds with the county (signed by all legal owners) that transfers ownership of the property. However, standard mortgage documents usually have a covenant prohibiting the transfer of al (MORE)

What are purchaser's rights in an agreement of sale of a mortgaged property?

You need to review any particular agreement to determine what rights are provided to the purchaser. In the case of a mortgaged property, the mortgage must be paid off from the proceeds of the sale. You should always consult with an attorney when purchasing real property. You need to review any part (MORE)

How much does a property management company make?

What you'll pay your property manager will vary depending on whatservices you require, the type of property you own, and where yourproperty is located, but here are some standard fee structures: . Percentage of monthly rent: If you choose toemploy a property management company on a full-service ba (MORE)

Can a mortgage company sue for the entire amount of a second mortgage after foreclosure even though they received money to cover the first and some of the second after the sale of the property?

First, it is unclear how you know the mortgage company received money toward the second mortgage from the foreclosure of the first mortgage. The lender can sue for the second mortgage. You should consult with an attorney who can seek documentation from the lender to support the amount they are suing (MORE)

What happens when property management company takes over and you have no rental agreement?

Tenancy law is different in different countries but the "property management company taking over" part is neither here nor there. For the UK, if you do not have a rental agreement in place then as a tenant you are (strangely) very well protected by the law from eviction and the landlord has very few (MORE)

How can one contact a property management company?

One may contact a property management company by first finding the company they want to talk to. Once they find a company suitable to their needs, they should find either a phone number, email address, or office address.

Where can one purchase a property management company?

One can purchase a property management company online at various websites that have listings of various property management companies for sale. One can also go to a business broker or a lawyer specializing in real estate transactions.

Where can one find an employee confidentially agreement?

If you are looking for an employee confidentiality agreement, sometimes known as a non-disclosure agreement, a lawyer is probably your best bet. A lawyer will be able to help you with the specific needs you may have regarding any unforeseeable circumstances involved.

Can a mortgage company keep you from renting your property?

Yes. You need to review all the documents you signed when you received the proceeds from the loan. Many lenders restrict loans to owner occupied property. Yes. You need to review all the documents you signed when you received the proceeds from the loan. Many lenders restrict loans to owner occupied (MORE)

What companies offer owner finance agreements?

Mortgage companies typically offer owner finance agreements. This is because not many people can afford to hand out $100,000 plus at the time of signing for a home. It is necessary to finance a customer over a period of time. They generally do this to gather interest and make a profit.

What companies offer mortgages for Spanish properties?

The majority of Spanish residents and non-residents alike are using Spanish banks to finance properties in Spain. With the Spanish economy and real estate market still in the doldrums, most Spanish banks are more than willing to lend to non-residents and offer a variety of attractive rates and plans (MORE)

Can you sue your condominium management company for not taking care of the property?

The management company has been hired and contracted to work forthe association by the board. If the board believes that the management company has beencontracted to 'take care' of the property, and has failed to do so,the board may take action against the vendor. The board can also cancel the vendo (MORE)