All Forum Posts by: Drew Poniewaz

@Don Konipol @Andrew Postell @Joseph Sanders

When you move the the property to the end buyer on a seller finance note, do you have to provide a Godd Faith Estimate? Is it just a general good practice or is there legal or regulatory ramifications?

Can someone please tell me their thoughts on GFE when seller financing? Is it just good practice or is it required by law, or any other information that I might need to be aware of?

@Joseph Sanders

When you are doing seller financing for end buyers, do you have to present the buyer with a good faith estimate? Or what have people found to be the best practice?

Has anything significant happened to the ability to wrap a note since the inception of Dodd-Frank? Or is there anything new that I should be aware of?

@Joseph Sanders

@Anthony Davis

good post

Welcome. I am an agent and I would like to help.

@Ryan Dossey 

What's up man. I see you on here alot and i know you work in the St. Louis area. I have a similar concern to the one posted here. I have an assignment deal where the house is in great condition, in a good school district and I was able to pick it up for under market value. I am (trying to) assigning it to a family, with a conventional mortgage, from a credit union, with an accelerated closing, at still under market value. The problem I'm running into is the title company is they are saying that my assignment fee is too high and that the lender will not agree to it. i don't understand why it matters. If the property still appraises out to where they are willing to lend on it, why would it matter what my fee is? They are saying that if I do a double close i have to have a cashiers check for the money or have it wired. I don't have that much cash. Have you ever run into anything like this?

I have been driving for dollars and mailing letters to houses that look empty. When letters are returned as vacant and no forwarding address, how do I take that further and try to track down who owns the property? There is no a other address listed in tax records.  

i thought i remember @Brandon Turner talking about a list service on one of the podcasts. It was a woman's name or had a woman's name in the web address, but I can't recall the name.

@Jeffery Neal

Sounds like you have a pretty solid foundation and some good ideas. Learning from the members here on BP, with posts and podcasts is an important tool. Good Luck.