18 September 2016 | 3 replies
In the description it says The loan is currently in arrears and the lender has agreed to forbear foreclosure to allow a sale of the property subject to the existing loan.
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29 June 2021 | 12 replies
Your property description, deed or pud doesn't designate to house as "student housing", that's what you're calling it.
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11 October 2016 | 12 replies
My lady is a real estate investor & she works as a senior financial analyst with the biggest entertainment company in the world (which coincidentally enough, is the place where we first met as co-workers).
24 August 2016 | 9 replies
@Daniel RheeList Source is good for narrowing down a list of specific properties with criteria such as age of owner, % of equity, mortgage date, etc... but what List Source won't provide is a description of the property.
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24 August 2016 | 10 replies
Met a really cool guy from the Johnson City area this past meet who's also just getting started I the Johnson City area and has already been finding great opportunities in that area.
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9 September 2016 | 55 replies
Can you give me a brief description regarding your comment, please?
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22 August 2016 | 1 reply
I met a contractor this past year that does good work.
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24 August 2016 | 2 replies
This will generally be easy, but from your description you might have a setback, zoning appearance, or storm drainage problem also.
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27 August 2016 | 3 replies
The common street address is is not the legal description.
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31 August 2016 | 9 replies
ERGO you are in foreclosure in the first place.GFC meltdown saw values drop 20 to over 60% in certain markets .. your 70% LTV loan was underwater right out of the gate.So to answer your questions.In General... you have a foreclsoureyour value is 10% less than it was when you made the loan.. reason flipper butchered the job ... and again depending on state it could take 1 to 3 years to actually foreclose and of course your not getting any payments.. so your interest is wiped out. your cost of doing the foreclosure again state specific.. and I have never met a defaulted borrower that paid the property tax's ( and again state specific how bad this will be).. you have selling costs usually 8% and you normally have to spend money getting the home marketable I have never met a defaulted borrower who left a home in perfect shape.So you add 10% market devaluation 8% for sales costs.. 3% for foreclosure costs.. 2% for back taxforce placed insurance and utls.. and depending on the condition of the home 5 to 10% for rehab .. you can see how this eats into your 30% .. then take states Like were i live and properly filed mechanics liens are super liens they jump ahead of your mortgage.. this can be thousands up to 100 thousands if your flipper totally screwed the subs.