Their explanation of the counter price was that they split the difference on the BPO values....real scientific of them.The loss mitigator, or better yet, her title is Homeownership Preservation Specialist, stated that if I wanted to get the auction date postponed all I had to do was accept the counteroffer of 259K.So today, I did.

A 1031 exchange doesn’t make capital gains tax go away; it just postpones it.

Your income level can also postpone any annual losses.

I had an employee that did nothing but follow all the NOD s in my market POrtlandia .. it was a full time job.. taking down the postponements.. the BKs  the removals .. then popping back up.its a job really.. its virtually impossible to just hone in on one or two props.. you will get frustrated real fast..

So in that case, just postpone it for now or find another way to get the information (like have the tenant get it for you).

I would only add, that references should be 2-3 title companies that the lender has done closed with in the past month.Confirm closing was in the name of the lender.Ask if closing was postponed due to the lender.Ask if any last minute changes were made in favor of the lender (points, interest etc).I haven't personally done this, but I think it is what I would recommend to any borrowers requesting a reference from any HML.

Rent concessions were reported in the Richmond and San Francisco markets, and Richmond noted that some landlords had postponed property improvements in an effort to conserve cash.

Any property can be postponed for a variety of reasons, including a last minute bankruptcy filing.

Postponed closings and lost contracts just extend your timeline and holding costs.

I wish we would have better repair costs estimates going into it so we could have applied for a construction loan upfront, but everything moved so fast at the beginning and by time we had some better estimates, we didn't want to have to postpone closing again and have the seller looking for ways to get out of the deal :-/  So in addition to our extra capital, now we are looking for other ways to finance repairs