All Forum Posts by: Joe J.

Mitch, we were advised about that by an attorney, but what is the reason for that, i am not so sure why that is.

Mike, i will have to make sure if we can apply for credit for the tax we paid in the US.

I guess more research is needed.

i wonder if anyone has experience as far as to which kind of entity is best to open for Canadian partners investing in the US. We opened a Utah registered LLC and then have been advised that its the worst, because there will be double taxation.

Any advice, thanks.

Thanks WIll for this great thread, its a great encouragement for all of us new members.

I for one had fears for being new in the RE business and of course for probably not knowing maybe 1% of what you RE pros know and of course that makes our questions boring and stupid to pros.

However, from my very first thread, i saw how extremely friendly, knowledgeable and helpful its members are to put in the time and effort to help others and share their experience. That gives us the courage to ask more, learn faster and try to avoid costly mistakes.

thanks all for your reply. Eric, i am realizing with my readings everyday that foreclosures are a dangerous business and one should be very careful.

actually i have not tried calling the county or the bank, thanks for that advice Damon.

thanks Peter for the site. actually that's what i have used so far, but it doesn't give me much info, or its probably as you say, that i may not be interpreting the info correctly.

I would like to research info such as mortgages and liens available on a property being sold in a foreclosure auction. Are these info available to the public to research, if yes where should one go?

Another way to research such info is by hiring a title search company to get all these info on a property. Can anybody suggest a good company for the Orange county and what is a reasonable price for such a service?

Any advice as far as researching info on a property is appreciated.

Can anybody suggest any good title search companies for the Orange county, FL

The foreclosure auctions i want to participate in are online auctions for the three main areas in Florida. Orange, Miami and Broward Counties. Anyone familiar with the laws of these counties can shed some light as far as to what happens to the mortgage when i am the highest bidder of a property in the case of:
- tax deed sale
- lien foreclosure
- bank foreclosure

thanks Steve for the links, i guess i got homework to do tonight :).
I just registered for this site yesterday and already proved to be a great site, nice job Josh.

Thanks a lot guys for all the answers. Josh, i do agree with you, you are absolutely right. I actually registered in the auction (its an online auction) to see what's going on and to learn. However when you see great deals passing by, the greedy nature wants you to jump in. I am realizing everyday, that there is just sooo much to learn.

Any advices on where to go to learn more about foreclosure auctions?

Thanks Jon for your reply. I don't quite get what you mean, that the mortgage will be the winner's problems yet it will not be transferred.

i tried to call you, i hope thats ok.

i am participating in a county foreclosure auction. one of the property being auctioned is a lien type foreclosure. My question is if i win this bid, will the mortgage get transferred to me, if there is one.

I would like to ask the same question, whether the mortgage will be transferred to the buyer if instead of being a lien foreclosure, it would be mortgage foreclosure.

your answers are much appreciated.

thanks