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5 May 2020 | 1 reply
First off, the parties to a pure equity investment hold the investment “free and clear” of debt or obligations to banks, creditors, and other parties.
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10 November 2015 | 2 replies
The "Other Provisions" of the plan says " Debtor shall commence their monthly rent beginning 12/1/2015" which I interpret as full rent will be paid going forward.The Bankruptcy form is a little confusing, in the standard explanations section it says "To be paid, you must file a Proof of Claim even if your claim is listed in the schedules filed by the debtor."
22 October 2018 | 4 replies
After not getting better business I fall behind the debtors hand and things get into trouble.
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29 October 2018 | 4 replies
You can improve you credit utilization ratio by paying down debt or increasing credit limit and you should do both. paying lump sum of debt and applying for a new credit card or increasing your current card limit and getting your credit utilization ratio down below 20% will have a big impact on your credit score.Step 3.The third step is to take advantage of reward credit cards.
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29 February 2016 | 8 replies
There must be a note somewhere in order for there to be a lien which secures said debt memorialized in the note.A lien being stripped, as Jerry W describes, does not mean the debt is discharged it means the lien is removed from the property and the debt is moved into the unsecured category of the plan and follows those claims of the unsecured debtors in the plan.
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7 October 2020 | 15 replies
., Notes, land contracts and/or any other debt or obligation) more than 10 (ten) 1-4 unit financed properties, including the subject property and the Borrower's Primary Residence, provided that, when the number of 1-4 unit financed properties (including the subject property and the Borrower's Primary Residence) is greater than6 (six), the Mortgage must:o have a minimum Indicator Score of 720 ANDo 8 months of the monthly payment amount on each additional second home and/or 1-4 unitInvestment Property that is financed and on which the borrower is obligated.
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16 December 2012 | 2 replies
We got under contract for a price that works for both of us (we haven’t closed yet).But when title came back showing open judgments from previous sellers/owners (who had the same common name as the debtors) the current seller was unable to find his old title policy indemnifying him and the property against said judgments.So I contact Green Tree to see if they would give us a copy of the policy.
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16 August 2016 | 8 replies
Does she need cash to pay off a debt or lien against the property?
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13 July 2018 | 3 replies
I paid $310 and it's now worth about $420 without the lot-- so I could make a bit of $ and keep the lot (now worth $90K)Here are my choices:1) Sell house pay capital gains (25%) and pay down other RE debt or use that cash to build new rental on lot next door.2) Sell house and do 1031 exchange into another investment property in better shape.3) Scrape house and build triplex.
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22 January 2020 | 12 replies
Would those Ohio state tax liens (assuming they are junior than the mortgage) attach to whatever assets the debtor might possess (and transfer to the new owner)?