Vernon Henry
Purchase of Lease optioned property
1 March 2019 | 2 replies
The lease option holder has substantial equity (65% ARV) in the property and is current on payments.
Chris Seveney
Do you invest in Land Contracts? Why or Why Not
28 March 2019 | 27 replies
The bottom line reason is that as a land contract holder you are the owner of the property and responsible at the end of the day for any liabilities on that property.
Alan Salgado
Baltimore Buyers Beware
5 March 2019 | 2 replies
Most of them only put down $10.00, if that to control the property and most of the time they are out of time for settlement.When a situation like this is presented to me, I want to call the deed holder to let them know what is going on - if I am going to take an assignment I don't want any surprises.
Josue Vargas
Silly question, which book (as a gift) for new tenant to read?
4 March 2019 | 33 replies
@Josue Vargas I leave a new shower curtain and rings, felt pads for under the furniture legs, furnace filters and a brand new roll of toilet paper on each holder.
Daniel Kong
Mortgage modification from a Lender perspective
4 March 2019 | 4 replies
There are a few other considerations, especially if there are any subordinate liens (i.e. a 2nd if this loan is in first position).To be safe, you would normally want to get approval from any subordinate lien holders for your modification.
Kyle Kursim
Sheriff Sale - Property with lien
5 March 2019 | 1 reply
Is that the case because in the above example the HOA was the lien holder, but there was also a secondary concern of the first mortgage?
Chris Seveney
Note Investing - What's Your Biggest Fear
15 March 2019 | 31 replies
That the value of the property declines the property owner falls behind on an underwater mtge, the 1st lien holder forecloses leaving nothing for me in the 2nd lien position.
Wilson Lee
Short sale, I don’t know what I’m doing
16 March 2019 | 3 replies
From what you described, it sounds like they have a chance to sell at market value and still come away with a small profit perhaps- although I can’t substantiate your values provided.To do a short sale, the owners would have to contact the lien-holder, aka Bank, and apply for a short sale.
Keri Boland
Auction with IRS liens
5 March 2019 | 0 replies
The recorded liens against the property look to be valued at about 400K.The final judgement of foreclosure is close to 500K.From what I've learned on this site, it’s my understanding that when an IRS lien is put onto a property, that IRS lien becomes the primary lien and the mortgage holder/bank becomes the secondary lien.
Elizabeth Susan Ademi
$300,000 in student loan debt
16 August 2019 | 41 replies
If I want to be treated for an ailment through 'natural medicine', I dont care if the doctor is a university educated, degree holder or not.