Archive for January, 2010
How do investors handle real estate ownership with multiple mortgages?
Posted by admin in Renting & Real Estate on January 3, 2010
I own a couple of fourplexes in Los Angeles. I want to purchase more (another this year while prices are slashed, maybe one more next year), but I know it affects my credit to have a lot of mortgages under my name. But I’m sure the banks who hold the mortgages won’t be ok with me just transferring them out of my name (and off of my credit report), especially now. How do small RE investors handle this problem? How do they get the mortgage liability off of their personal credit?
DANIEL
Annual Free Credit Report with Security Freeze?
Due to a possible compromise of personal information, I placed a security freeze on my credit file at all three bureaus several months ago. I recently went to www.annualcreditreport.com to request my free annual disclosure from Equifax and this is what has ensued:
1. Requested Equifax free annual report using the telephone “touch tone” ordering option. Instead of my report, I received a form letter from Equifax telling me that I had to submit the request in writing to a specific Equifax P.O. box in Atlanta and include my security freeze PIN number. I did so.
3. Instead of my free annual report, I then receive another Equifax letter asking me to resubmit my request to a different P.O. box and include documentation of identity and address (driver license, utility bill, etc.). I did so.
4. Now I received ANOTHER Equifax letter telling me that they received my annual disclosure request but I need to resubmit it via annualcreditreport.com – which is where I started out.
Does anyone know how to awaken Equifax out of this circular loop?
CORY