Until the debtor's collateral has been legally sold by either judicial or non-judicial procedure (as applicable) the record owner's rights remain.

Account Closed I am an active investor in Knoxville and coincidentally I am doing a presentation at KnoxREIA tonight on How to Value Income Producing Property.

Hello,so I recently got under contract the following property located in Southern Utah (well, we're still waiting for the bank to countersign, but they gave their verbal approval):- Fourplex built in 1996, 5400 sf total (so each unit about 1350 sf)- 2 stories - 2 units downstairs and 2 upstairs- Short Sale- Contract price: $51k- 3 units rented at average of $550/month (market rent, if fixed up: $600), 4th unit unhabitable- ARV if there wasn't a foundation issue (which needs to be disclosed to a future buyer) would be somewhere between $250 and $300k- Value of the land (about 0.25 acres): $10kThe property was apparently built on soil that is rich in gypsum, and the proper procedures were not followed at the time (the proper procedure is apparently to excavate the soil down to a certain depth, then replace it with new soil that does not contain gypsum).Poor drainage around the building caused water to get into the ground, which washed out the gypsum and the property started sinking.

In the case of equity it's not about an interest rate, it's about the investment structure, the profit split, and the return that split is expected to produce.  

Do you have other more productive income producing things you could be doing?

As a buyer inspections is our way of producing tangible information to request a reduction in purchase price, a credit from seller or a good reason to pull the plug.Frank

This is standard practice for the funding platforms that are doing the right way IMO.  506(b) can be used by the portals, but many that are using this exemption are arguably advertising and should be using heightened screening procedures.  

Naturally, users of a gymnasium can produce high volumes of vapor (which may manifest as condensation) exacerbating the condition.  

If you're going in the rental income direction, right at the get-go put on paper your: Tenant qualification criteria, Move In/Move Out procedures, your Eviction procedures, your maintenance procedures, and build them all after researching all your state's landlord/tenant laws.

In Oregon, for example, a land contract that's been defaulted upon can't simply be "yanked" and the occupant evicted, without  properly terminating the land contract; I've been told the procedure is similar to a normal foreclosure.