Misook Foley
Quit claim and mortgage liability.
15 August 2024 | 1 reply
@Misook FoleyTypically a bank will not release one of the lien holders and a refinance would be necessary.As part of the settlement agreement the court may order the property and or the debt to one of the parties but again that name is not releasedOther factors do come into play such as what state it was in as some states have different laws regarding equitable interest etcI would speak to your divorce attorney about this and see what can be done
Daniel Dietz
Self Directed IRA - doing work on property yourself?
15 August 2024 | 21 replies
IRS rules on allowable work are somewhat unclear on the degree to which a Self-Directed IRA account holder can do minor work on a property themselves.
Mia Gregory
Missouri Tax Lien Certificates
15 August 2024 | 3 replies
The mortgage (and other lines) would likely be wiped out (but talk with a real estate lawyer or title company to be sure, I am not one) - which is why mortgage holders usually require an escrow account so they can pay the property taxes.
Louis A.
What agencies do you insure your Muti-Family with?
15 August 2024 | 8 replies
Some tech companies have entered the chat and are selling "aerial imagery" to insurance carriers that they are using to re-underwrite existing policy holders.
Cole Barthel
How Can I Acquire Neighboring Properties from Slumlord
13 August 2024 | 14 replies
@Cole BarthelSpeak to the holder of the contract for deed and see if it can be assigned to you.
Mike Mitchell
Note Servicing Companies
14 August 2024 | 42 replies
Part of my business was providing loan servicing for seller financed transactions and this type of intervention between a borrower and seller, I would have to say, was more than welcomed by underlying mortgage holders (banks).
Andrew Postell
How To: Cash out 1-4 unit Property
20 August 2024 | 452 replies
Since it is in my name still I think I can leave it in place since the hard money lien holder is ok with it.
James Mays
LLCs - Holding Companies - Scaling
15 August 2024 | 6 replies
I've yet to have anyone on BP articulate to me how an LLC in one of these states perceived to have greater privacy protections will prevent a plaintiffs attorney from suing the deed holder in the event someone is injured on your property amongst the various other common claims a property owner is subject to.
Joe Houghton
Borrowing against a property I sold on a contract for deed
13 August 2024 | 6 replies
I am exploring my options for borrowing against a property that I am the legal title holder to.
Chris Miller
Cashout Refinance Subject TO
15 August 2024 | 23 replies
When I called the lender, they said that I nor my LLC would be able to do the refi, only the previous owner (mortgage holder).