All Forum Posts by: Shiv Choythani

I appreciate your honest opinion Rick H. However, as I perceive it, where there's a problem, one must find a solution. With that said, let's see what happens. Hoping for the best.

Yes Robert Rayford your absolutely right. Right now that is the most information I have since the client discussed the matter over the weekend. I am obtaining more information with the client soon and will PM you with more details.

Close to 90k.

The client indicated that obviously she still owes the bank their share of what was borrowed, the bank is taking things slow because of the chapter 7 bankruptcy that was filed. Maybe the wrong terms were used when typing out that statement.

Good evening BP'ers, I have a client in NYC that has a property in Jacksonville, Florida which she inherited through a will and the property has been abandoned for several years and isn't in great shape (land has value) However, the bank is owed money as well as accumulation of property tax and liens not totaling more then six figures. The client filed Chapter 7 bankruptcy which has been complete and she is not being bothered by what is owed on the property Question is the client wants to sell the property and make any type of gain after paying off any outstanding balance owed on the property. Any advice regarding proceeding further with this matter will be greatly appreciated. Thanks.

Yeh you're right, Wayne Brooks I'm just walking into the beginning stages of this potential transaction, which is why I referred to BiggerPockets for any information regarding it. Let's see what happens and hoping for the best. Updates to follow.

Thank you for the hospitality and heads up Abel Curiel - I'll definitely look into the meet-ups and hoping to meet many new faces.

Thank you for the heads up and information Jennifer Kinzle & Wayne Brooks - I am actually partnering up with a short-sale specialist and a short-sale attorney that specialize in short-sales. Hoping for the best!

Good evening BP'ers, I have a potential client that has a property in the Bronx(NY) that has been sitting in foreclosure for close to six years and the client wants to set-up a short-sale for the property in order to be in the clear of any debt and potentially make some money in return. As being a potential RE agent of there's, what are the possibilities of conducting this type of transaction and the steps required to make it as smooth sailing as possible? Any feedback/assistance is greatly appreciated.

Good evening Eric P. And James Ritter I am also in the NYC area looking to invest as well, willing to listen to any investment opportunities that may be available and of interest.