Glad you're looking to extend the BP forum to face to face meetings.

If deficit reduction combined with extended terms at reduced interest rates will keep more money for the lender then that what they will do.

The life of a lease was the length of your lease term also considering options to extend your lease.

And reduce the value by six figures....That owner was just doing what many other foreclosed homeowners end up doing ...If this sort of behavior is noticed by the legislators in the state of FL, don't be surprised if they don't extend the basic concepts of that equity skimming provision to this sort of investing.

I agree with Bill Gulley, have them sign an addendum: Landlord and tenant agree to extend the term of lease originally signed XX/XX/XXXX through XX/XX/XXXX.

Okay, it's time for my first question. My wife's family has a long time tenant, finishing the third of their 5 year leases. The tenant has asked for a 6 month extension in order to stay in place until the new constr...

And to further cover the bases I make sure the borrower provides me with an extended coverage title policy so that there will be no nasty surprises if I ever do have to foreclose.

all,i think we still have to terminate today to get our 2,000 earnest money back b/ today is the end of the financing period - we've been under contract for over 5 wees, and they already extended the financing contingency twice...but yes, we could start fresh and keep trying....i think we have some time b/c I don't think a cash investor is going to offer 62 cash and no one can get a loan, and it may take awhile for the bank to lower to a 40-50k cash offer, which even that we can't compete with really (well, we could take more out of our 401k but then it shoots our monthly payment up b/c it's only a 5 year loan... and like i said, i just don't feel right getting a home equity loan/line of credit on our primary)...ok, talking in circles enjoy the live show!!

All he wants is the earnest money since I did not terminate the contract or extend it before the closing date.

The house came with some very nice features like a beautiful security gate and front door and an extended patio, irrigation system, landscaped low-maitenence yard.My real estate agent ran the comps and says we probably cant get more than $135K for the house....we owe $158K left on the mortgage.I dont expect to make a profit on this place, but I definitely dont want to sell it and owe the bank over $20K....$5K maybe, but we still have to buy a second home.My question comes down to this: How much worth do I give those comps?