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9 December 2010 | 6 replies
A forced sale auction, such as a foreclosure sale or tax lien sale, or auction ordered thru a bankruptcy court, has many elements that can conribute to a buye obtaining a property at a very low price.
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31 August 2010 | 27 replies
For a while, it was bankruptcy court.
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2 April 2013 | 5 replies
Doing so makes taxes easier, solutions in any bankruptcy, estate settlement, divorce or other events that plague our financial lives.Since you have a business together with RE, you can ledge rents from other leases with a UCC filing placing a lien on current and future leases.Attempting to contract with a lease and credits to a loan payment will be a difficult assessment to your refinancing lender, they need to establish the value of the credits as fair market rents and determine payments made, the appraisal will likely cost more and if the appraiser doesn't see the value as you do, you could have refi problems.I suggest you go conservative, sounds like you investor simply wants to feel better, if he's not feeling good with the RE + the business income, (you could throw in a schedule of rents for a term in addition) you could consider a sale and lease-back of the business.
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3 October 2014 | 16 replies
(I had a hard time with the psychological part - I wanted them gone, but it was probably not financially wise because I had a 2.8% interest rate.)The only other aspect to consider would be if you ever declared bankruptcy.
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17 October 2014 | 2 replies
Develop a relationship with the following types of lawyers as an alternative source of leads: real estate, divorce, bankruptcy, probate, and tax.2.
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14 January 2015 | 19 replies
, "Have you ever filed for bankruptcy?"
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11 July 2014 | 21 replies
Example:Direct Mail 1k (focus on Bankruptcy and Probate leads)Facebook Marketing $500Bandit Signs $100 per monthRadio Ads 1k per monthDoor Knocking $400 (1 guy 10 hours per week) Anyways I would just like to see what BP Members could come up with as the greatest marketing approach for finding deals in an area.
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25 August 2017 | 100 replies
I did buy one JV deal in Colorado on a subject to (my first one), from someone in bankruptcy.
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5 August 2014 | 29 replies
You would have to know if the OOR's debt during the bankruptcy would stay with them or the house and how it was settled during the bankruptcy itself, who actually owed the debt.
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30 August 2014 | 3 replies
I have heard that, there may be possibility to get an FHA but only after 3 yrs after bankruptcy has been granted.