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What are the requirements for FHA loans on an investment property?
Not if it is a non-owner occupied investment property. HOWEVER...... If it is a duplex or 4 plex and the borrower is going to live in one of the units, then you can. If the owner moves out of the unit at a later time, they will still be allowed to keep the property as an FHA property and are eligible for streamline refinance.
Which companies offer owner builder construction loans?
There are many companies that offer owner builder construction loans. BuildMax, LFS Home Loans and even local banks may provide owner builder construction loans, to name a few.
Who pays taxes on a reverse mortgage home that is no longer lived in?
The owner of the property.The owner of the property.The owner of the property.The owner of the property.
How do you go from being a co-signer to being an owner of the property?
The co-signers name must be on the title to the property in order for them to be a joint owner of the property. The owner must put the co-signer on the title to the property.The co-signers name must be on the title to the property in order for them to be a joint owner of the property. The owner must put the co-signer on the title to the property.The co-signers name must be on the title to the property in order for them to be a joint owner of the property. The owner must put the co-signer on the title to the property.The co-signers name must be on the title to the property in order for them to be a joint owner of the property. The owner must put the co-signer on the title to the property.
Can a joint owner rent a property without the consent of the other owner?
No, a joint owner cannot rent a property without the consent of the other owner.
Is a co-signer a co-owner?
No. A cosigner is not a co-owner of the property simply by signing the loan contract. They must specifically insist that they be added to the title. Otherwise they have promised to pay for property they do not own if the primary borrower fails to pay.No. A cosigner is not a co-owner of the property simply by signing the loan contract. They must specifically insist that they be added to the title. Otherwise they have promised to pay for property they do not own if the primary borrower fails to pay.No. A cosigner is not a co-owner of the property simply by signing the loan contract. They must specifically insist that they be added to the title. Otherwise they have promised to pay for property they do not own if the primary borrower fails to pay.No. A cosigner is not a co-owner of the property simply by signing the loan contract. They must specifically insist that they be added to the title. Otherwise they have promised to pay for property they do not own if the primary borrower fails to pay.
Can you buy a house for your daughter to live in with an FHA loan?
No. FHA loans require that the property be owner-occupied.
Can a gifted property be reclaimed by the original owner?
Yes, a gifted property can be reclaimed by the original owner under certain circumstances, such as if the recipient fails to fulfill certain conditions or obligations set forth in the gift agreement.
What would happen if a slave had a child?
It would be property of the slave's owner.
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 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 property.
What are the requirements for FHA loans on an investment property?
Not if it is a non-owner occupied investment property. HOWEVER...... If it is a duplex or 4 plex and the borrower is going to live in one of the units, then you can. If the owner moves out of the unit at a later time, they will still be allowed to keep the property as an FHA property and are eligible for streamline refinance.
If a person fails to get a deed to a property that they claim adverse possession on what happens?
If a person fails to obtain a deed to a property they claim under adverse possession, they do not gain legal ownership of the property. Their claim may lead to disputes with the true owner, who can assert their rights and reclaim possession. The claimant's investment or improvements made to the property may not be compensated, and they may have to vacate the property if the rightful owner enforces their rights. Ultimately, without a successful legal claim, the person retains no legal interest in the property.
Can you claim a claim of right to a property if you were living on the property without a lease by agreement of the homeowner?
No. "by agreement of the property owner" are the key words here. Even though there was no written lease, you had the oral permission of the property owner to use the property. Therefore, you use of the property was not hostile, and fails the third prong of the adverse possession test. (MUENCH v. OXLEY, 90 Wn.2d 637 (provides that a person claiming adverse possession must use the property without the owner's permission)).
Which companies offer owner builder construction loans?
There are many companies that offer owner builder construction loans. BuildMax, LFS Home Loans and even local banks may provide owner builder construction loans, to name a few.
If you business fails and your equipment is reposed and you still owe the bank money does it come from your personal property?
The business' structure determines whether the owner will be personally responsible for the debt. When the owner incorporates, they are no longer responsible for the debt of their business.
If you are paying taxes on a property in Texas does that make you the property owner?
No, paying property taxes on a property does not make you the property owner. Only a properly executed deed naming you as the owner would make you an owner.
Who has lumber rights in the land the property owner or the owner of the mineral rights?
The property owner.
