All Forum Posts by: Charles James artino

thanks

Yes, on the part of the lender, they can do whatever they want, However, an individual's debt can not be imposed upon another individual. So, that being said, there has to be some process that can be worked thru to release the property for sale.

I have a question, in regards to liens. If two people own a property ( they are both on the deed ) and they put the property up for sale. They find a buyer and its placed under contract. They buyer then goes to get a loan from the bank, and in the course of due diligence the bank finds out that one of the sellers has a tax lien judgement against them for $320k ( the property is selling for $130k ). So now the bank won’t give the buyer a loan until the lien is satisfied. So, since the property ownership is a 50% split between the both of them, then whatever is the net profit after the sale is completed, only 50% of that should go towards paying the lien and the other 50% should go to the other seller. Is this a correct statement ? Thanks so much for your time.

Terrific ! Thank you very much.

My daughter is a nurse and she took a short term job in Denver. This her first time as a travel nurse. Does anyone know of any good rental properties in Denver for about 3 months and allows pets ?

Thanks in advance

Chuck Artino

thanks

@Greg Scott

Thanks.

No money down, is this viable ? Purchase a home or apartment building get a 50% hard money loan, 50% land contract. Then after 6 months go to a bank and get a conventional loan? I saw this method advertised by a hard money lender and it seemed like a game changer, but I would like some experienced opinions on the subject. Also, would it have to be purchased for under market value so you have at least 20% - 30% equity in it right off of the bat ?

Thanks so much. Appreciate it.

Yes, I was going to pay off a couple of a couple of items that are financed and get a couple of months rent from the tenant first to show that the property is making money then reapply elsewhere.