Any other equity would go towards the expenses due and you as the former deed holder would get the balance of the equity depending on the price paid at the foreclosure sale. * Note * In a foreclosure due to your default…your lack of being responsible for the monthly payments would leave a negative entry on the Seller’s credit report for 10 years.

Those offers do not meet the investor parameters/guidelines that lenders must follow when a deficiency balance will be created.  

Networking and making connections can be achieved by attending local meetings and joining Facebook groups.

Detroit has the the highest rent to price ratio in the country…and we’ve found the perfect balance of price/location within the area.Here is a picture of my portfolio...

Basically, you're given a bridge-loan up to 75% of the value of your current home (the one you're selling) minus the first mortgage balance.

In the end; they would have had to dig-down the basement in order to achieve the necessary height, and then ended up just deciding to vacate the basement and convert it to "Heat and Storage" and ended up loosing all of their rentable potential from the basement level...Most of our clients see it as too much of a risk to try to keep the existing basement floor when it is around 6'-11" - 7'-1" rough.

I myself is still looking for a good lender with balanced rates and fair fees. 

Climate control NRSF is typically between 2-5 fpp; while the non climate control old outdated facilities make up the balance (7-10 fpp) and tip the scales well beyond the 7’ pp rule of thumb. 

If that is the case, we would have to discuss your offer and the remaining principal balance on the loan.

On the balance, it is better to rent M2M in that situation.