All Forum Posts by: Jasmine Willois

I was looking into tax liens and even tax overages a number of years ago. One thing that worries me right now is the possibility of NYC to abolish tax sales. If that succeeds, more states would probably soon follow. (Ultimately what pushed me into note investing as well)

Before diving deep into it, the landscape could be changing quite a bit in the near future. It's already a competitive field, that may get even tighter.

Abolish property taxes????????? and replace it with what, a 75% income tax or .30 cent sales tax ?? No state will ever do away with property tax. There would be NO money for schools, fire, police, roads, parks etc etc etc etc etc etc etc etc.

Hey sir, nowhere did I talk about abolishing property taxes. I encourage you to reread.

They're abolishing the tax sale. @Nadine McAuliffe summarized perfectly.

It's a money grab. The counties are getting sick of watching all the equity across America grow and not having access to it. They are looking to get into the "game". It should be interesting to watch. Once it's done in NY, I promise you it will spread. There is too much money in this game.

@Nadine McAuliffe also trained by The Note Assistance Program.

1 Vote

Atlanta, Georgia

Love the poise found in this post. Great resources make all the difference, glad to provide the 2nd attorney referral and even more excited to see you succeed. Look forward to hearing more about this during our Mortgage Note Lunch and Learn zoom meeting. Apr 28, 2022 12:00 PM PST.

2 Votes

I am not sure the question was posed correctly as most of these answers do not apply. I appreciate the help.

0 Votes

Quote from @Don Konipol:

@Jasmine Willois

A claim needs to be filed within 90 days with the bankruptcy court. Usually, the debtor will list the debt on their listing of liabilities. A bankruptcy provides an automatic stay on any foreclosure process. The lender can petition the court to lift the stay, but if any equity exists in the property above the indebtness the court will deny the relief of lift and the lender will be dealt with in the course of the bankruptcy. The lender will have the right to plead objections to any part of the bankruptcy plan. As you can see an attorney, licensed to practice law in FEDERAL court will need to be engaged.

Thanks, but I do not think you understand the question.

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There are approximately 88 counties in OH. Some require originals some do not. Some are judicial Some are not. If you haven't run into this, you have 80 more counties to try.

1 Vote

Be very careful when shipping originals out. Newer firms like KDK services have injured many of investors.

Quote from @Chad U.:

Quote from @Harrison Silverstein:

Hi all!

In some states such as OH, the local gov'ts only accept original copies for recording. What companies have you used to accomplish this? Some smaller companies struggle with trying to record for the more complex states, so I thought I'd ask and see what note investors are using in these situations!

I've used Simplifile for several different doc types in OH, no originals required, and never had any issues.

Be very careful when shipping originals out. Newer firms like KDK services have injured many of investors.

1 Vote

I am 90% notes at the moment. I have some individual dividend-paying stocks including a ton of Morgan Stanley Stock I got from working there for 6 years. My next acquisition is a new home. Outside of that I am sticking to the paper.

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Just wondering if anyone out there knows what to do when your seller goes out of business, specifically files for BK and you need additional transfer docs or re-executed assignments? This has happened to a pretty established note investor I know and has jeopardized his entire existence and success record. One of our members had the same issue but we resolved it fairly quickly. Looking to see if this has happened to anyone else and if they found any workarounds.

1 Vote

All Forum Posts by: Jasmine Willois

Jasmine Willois has started 6 posts and replied 17 times.

Post: Mobile Home notes

Post: Looking for a Mentor/Coach

Post: Looking for a Mentor/Coach

Post: NPN Note Investing - Twentynine Palms, California - Lease Option

Post: What do you do when your seller files for BK?

Post: What do you do when your seller files for BK?

Post: Recording Assignments? Vendors for more complex processes

Post: Recording Assignments? Vendors for more complex processes

Post: Favorite aspect about note investing?

Post: What do you do when your seller files for BK?