So, today i received a letter from my current mortgage holder stating that I qualify/meet the criteria for a refi option that would give me 31+k cash in hand with a new interest rate of 2.5% (2.75% APR).Currently, my interest rate is 4.1% on 258K mortgage.

I took my housing cost from $1100 per month renting, to $500 per month owning.Feel free to bring food, beer or whatever.

In our market, you won't know what portion of the rent, if any, the voucher holder will be responsible for until after you submit the paperwork, pass the inspection, and get the rent determination from the local PHA.

I’m no longer working due to COVID & childcare issues so I’ve decided to pursue my passion of real estate. I’m currently studying to get my real estate brokers license in the state of Illinois. I want to start who...

I found Gareia.com to be what worked best for me.Read a paper I wrote to help landlods/buyand holders;  how to buy a bullet proof rental portfolio, a file I linked to my BP profile's first paragraph.Best to you, curt

Had the payments been serviced the accounting would have been properly applied and the issue would have been between the servicer and the note holder and the refi would have been on time.

The excess or overage is normally intended to be paid out to the former owner, or lien holders that were owed money by the former owner.So not sure why you as the tax sale buyer got that notice, unless they were just sending it to the last know address of prior owner.

Good answer from Jon, to add to it, you need to know if your wholesale buyer will be a fix and flipper or a buy and holder.

I have done that before as a note holder.

If it is a tax deed than in most areas there is a redemption period where the owner can reclaim their property. 1) Yes the tax holder has a lien against the property.