7 October 2020 | 1 reply
You can look up the original mortgage value in the public records and use an amortisation table to estimate how much is outstanding (you´ll know the exact amount when a judgement follows the lis pendens).

1 February 2024 | 38 replies
If its to refinance after the project is complete you want to cashout upto 75% and pay back the loans outstanding .

29 January 2023 | 15 replies
With nothing but knowledge there exist (rare, but they do exist) individuals that can pull off PROFITABLE property acquisitions WITHOUT capital of their own and without outstanding credentials.

6 January 2014 | 14 replies
What if he owns a fleet of garbage trucks?

31 October 2017 | 16 replies
The folks that are LICENSED tend to work on their own time....it's currently hunting season - they may not be around this week or next...5) Rents could be absolutely outstanding in my experience - especially in areas near big oil & gas operations, near railroad areas, etc.6) Landlord beware - Mayberry is a great place for folks like Aunt Bee, but there are also MANY folks that are intentionally hiding or avoiding other areas for whatever reason.

25 October 2022 | 22 replies
Thanks guys, the words of motivation are outstanding!

26 April 2023 | 36 replies
It means that you would personally guarantee the paying back of the loan in the case that you default and the lender forecloses on the property and receives less value in the property than the outstanding balance of the loan, you would be liable to pay back the difference.Example:You have a $500,000 loan and default (stop paying), if the lender forecloses and the property is only worth $400,000, you would be liable under your personal funds for the remaining $100,000

6 June 2018 | 7 replies
I have searched in every way I can (names, even all releases filed by the lender from xx date to xx date) and also confirmed the mortgage is outstanding via O&E report.No question it is out there (in my mind).

13 December 2018 | 12 replies
If you default on the loan, have a $4M outstanding principal balance, and the property sells afters foreclosure for $2M, then the partnership is liable for the remaining $2M (plus accrued interest, legal costs, and any other fees tacked on).

14 October 2011 | 21 replies
I always tell the investor that the deed we receive is the deed that they will receive- and that it is essential that they perform their own due diligence on the property before purchasing because the buyer will assume any outstanding liens and encumbrances.