Seller Says: "Property is going through probate. You should say what next?
Within this period of time of your PR Appointment must file the inventory and Appraisement
What is 90 days
The first layer of an outer wall covering nailed to the studs
What is sheathing
What is our leverage point in the Due Diligence section of our contract
Once a seller accepts the buyers offer, the buyer must do this before anythin
What is depositing earnest money?
What is Section 5 of our Contract
What is Earnest Money
When should you give the Bradford Packet on the appointment
What is During Discovery
This process typically involved bringing in dirt, clearing trees, prepping the land, tapping into utilities in order to build
This is the area around the property line that cannot be built on due to local jurisdiction's regulations and requirements
What are set-backs
An Order of reference is filed by the plantiff attorney for what reason?
What is Moving to Master in Equity?
The Second Step of the Foreclosure process AFTER a missed payment and BEFORE PreForeclosure is started
What is Notice of Debt Collection
When a borrower is looking to get a new mortgage to lower the interest rate
What is a Rate Refinance
An investor bought a 3 family property with FHA Loan, lived in one unit and then rented the other units to his friends. What do you call this strategy
What is House Hacking
After a Lis Pendens is filed, the plantiff would have this time before the proeperty is sent to Foreclosure
What is 1-3 months
The trim that runs vertical on the edge of the roof
What is Fascia?
A rental property is bought with Hard Money and then fixed up for a new tenant before the investor went to a traditional lender for a new loan. The investor does this over and over...what strategy is this
What is BRRRR method
A roofed structure usually containing a window that protrudes vertically from a pitched roof
What is a dormer
The Creditor Period for probate in Charleston County is how long?
8 months or 12 months from the day of PR Appointment
The mortgage company will request this a week or a few days before closing
What is Proof of Funds
You are buying your first house, and the home needs a new HVAC, The buyer should....
What is negotiate repairs
Seller states that they have to find a new home....what is your selling point
What is Flexible Closing
The document that is filed at the start of PreForeclosure
What is a Lis Pendens
When are property taxes are paid?
What is at the beginning of the year
A borrower wants to equity from their home but they do not want to refinance their existing mortgage
What is HOME EQUITY LOAN (HELOC)
The process that must happen if a proeprty was bought at a tax deed auction
What is a quiet title?