InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Annual Reunion Speaking Schedule Store Foreclosure Fundamentals Code References 50 State Foreclosure Basics Foreclosure Glossary Foreclosure Statistics 70+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map About Us Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Home Transfer Suggestion Posted by Dan on May 13, 2009 at 5:08 PM In Reply to: Re: Home Transfer Suggestion posted by Rick, the Probate Guy on May 12, 2009 at 8:44 PM : Why don't you and your Sister just buy the new house for her and get a conventional loan, or help Mom qualify for an FHA loan. : If you choose this option, you wouldn't need to touch the So Cal house. If you were to use it for a loan, you'd have to either take it out of the trust to get a conv. loan and put back into trust, or get a hard money loan to the trust from some expensive lender like me. : Simple is good. Why cant you and your sister get power of attorney for the house here and do the rentals for her....until the market improves. With all the foreclosures in Vegas Valley, You should be able to get some awesome financing. Or finance the house here to pay for the house there. Then when the market improves sell the house here. If you dont want to deal with tenants, any management company will manage if for you for a couple of bills a month Follow Ups: property management bukzin 9:42 AM, 05/14/09 (1) Very true; well said bukzin (NT) Tom 12:59 AM, 05/14/09 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : Why don't you and your Sister just buy the new house for her and get a conventional loan, or help Mom qualify for an FHA loan. : : If you choose this option, you wouldn't need to touch the So Cal house. If you were to use it for a loan, you'd have to either take it out of the trust to get a conv. loan and put back into trust, or get a hard money loan to the trust from some expensive lender like me. : : Simple is good. : Why cant you and your sister get power of attorney for the house here and do the rentals for her....until the market improves. : With all the foreclosures in Vegas Valley, : You should be able to get some awesome financing. Or finance the house here to pay for the house there. Then when the market improves sell the house here. : If you dont want to deal with tenants, any management company will manage if for you for a couple of bills a month [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-date("Y"), InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455