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All Forum Posts by: Andrea M.

Andrea M. has started 24 posts and replied 553 times.

Post: lease agreements

Andrea M.Posted
  • Real Estate Investor
  • Hampton, VA
  • Posts 562
  • Votes 109

you may want to check the Resources Tab, then click on fileplace, quite a few lease agreements although it may be state specific based on the person that uploaded it., but can give you a good idea of what you can put in your lease or consider including in your lease. You may also want to try google for your area to make sure you are in compliance with local/state laws regarding landlord tenant act and what you can and can't include in lease, backgorund checks, credit checks and this of that nature. ..Good Luck

Post: Can / how does Banruptcy halt an eviction ?

Andrea M.Posted
  • Real Estate Investor
  • Hampton, VA
  • Posts 562
  • Votes 109

Thanks for all the responses and posting the additional threads

Post: Can / how does Banruptcy halt an eviction ?

Andrea M.Posted
  • Real Estate Investor
  • Hampton, VA
  • Posts 562
  • Votes 109

I am aware the laws vary in each state. However as I was at my local courts this morning filing paperwork to have a non paying tenant of mine evicted, I over hear this conversation with a young lady and the clerk. This young lady was late to her Eviction Court Date this morning, in turn missed her hearing, the landlord was awarded immediate possession and filed the additional paperwork needed to move forward with the eviction via Sherriff.
The clerk explained to her how to file paperwork to rehear her case, this young lady also wanted to file contempt of court charges against her landlord, since she is in the process of filing bankruptcy and listed her landlord as creditor in her bankruptcy proceedings and allegedly notified her landlord of such and he (landlord) still proceeded with her eviction. I can imagine this young lady is a handful since she mentioned that she has 7 kids and works two jobs ( but hadn't paid rent O_O) and was giving the clerk a difficult time in the date and time she was given for her case to be reheard and kept asking for a time and date later in the day. The clerk kindly explained the options and she kept saying she works 2 jobs and has 7 kids, while the court date was Feb 19th, the clerk explained that is quite a bit of time in which she can make arrangements to get to court ontime. Which brings me to the initial question, although I know the laws vary from state to state, but does anyone have any feedback regarding "How a Bankruptcy can halt/stop an eviction, has anyone ever experienced this..if so, what was your experience and time frame to have the tenant evicted?

Post: 5 $150K properties or 20 $32K properties?

Andrea M.Posted
  • Real Estate Investor
  • Hampton, VA
  • Posts 562
  • Votes 109

I would maybe combine them, meaning maybe 1-2 in the higher end and a few in the lower end and see how it plays out

Post: Econohomes.com

Andrea M.Posted
  • Real Estate Investor
  • Hampton, VA
  • Posts 562
  • Votes 109

We have brought 2 properties from them (cash), without any problems except a few tax liens (less than $500), which we were able to negotiate. We used a local title company and knew the area. We have also considered using Econohomes finance option..however we didn't agree with the contracts terms. I believe that they incur soo many tax/city leins is because they don't have any local representation to look after the property. Also, If I remember correctly, part of the contract states that buyer is responsible for all liens recorded or unrecorded O_O, as well as Econohomes not being able to deliver a deed for up to 6 months. Not to mention they have standard contract which caters to Texas, and most of the terms are not legal in VA

Post: To walk away or not???

Andrea M.Posted
  • Real Estate Investor
  • Hampton, VA
  • Posts 562
  • Votes 109

Maybe a short sale?

Post: License Was Stolen Now Collection Agency Wants Me To Pay

Andrea M.Posted
  • Real Estate Investor
  • Hampton, VA
  • Posts 562
  • Votes 109

Seems like after 4 years you may just have to pay that ticket. However, if you reported your license to the police as lost or stolen and you have proof that of such, you may be able to send that proof to the collection agency/municipality that is sending these letters.

Post: Rental Applicants: All kinds of crazy!

Andrea M.Posted
  • Real Estate Investor
  • Hampton, VA
  • Posts 562
  • Votes 109

Wow..that is really all kinds of crazy

Post: Short Sale properties in bankruptcy

Andrea M.Posted
  • Real Estate Investor
  • Hampton, VA
  • Posts 562
  • Votes 109

I would assume that if they have a foreclosure date, that it would be a little late for a short sale? Thoughts anyone?