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19 October 2011 | 24 replies
A different bank took possession, not sure why, but now it being listed at 90k.
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26 August 2014 | 27 replies
I have only had to use a quiet title action in a couple of adverse possession cases where it was truly warranted.
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6 December 2017 | 8 replies
If they hold onto it, the children can inherit.The banks have re-possessed home's and won't sell the house to limit supply and increase the value.People have emigrated but are still holding on to the house.- People are on tracker mortgages with ~0 interest rate and don't want to lose it.- People are in negative equity on their house and still wait to break even when selling.
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8 December 2017 | 3 replies
Always be ready to negotiate with a co-signer or additional collateral.Before even going to the bank to beg for a loan, try the following:talk to the sellers - ask for some owner assisted, short term seller financing - tell the seller that financing is difficult these days - ask if they can hold a subordinated mortgage of 40-60% of the purchase price with a short term balloon.ask for right of immediate possession of the building so that you can prep it for appraisal and to upgrade the kitchen and baths (at your expense and risk)re-write the contract so you can buy sub-to the existing mortgageask the seller to refinance the the building - keep the cash and you'll pay the mortgage (maybe give them a note for equity that may be due them).
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15 September 2013 | 8 replies
What are the adverse possession laws in your state?
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30 November 2015 | 8 replies
There is a source that will fund homeowners who have possession of the property and need money to renovate for ultimate resale.
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17 June 2015 | 7 replies
Furthermore, to be a good at wholesaling requires a level of knowledge (evaluating properties, estimating repairs, negotiations, etc.) and experience most folks new to real estate do not possess.
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4 May 2012 | 12 replies
When you send the original promissory note in for recording, you no longer have possession of the note either.
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7 December 2012 | 3 replies
Some of them seem to be occupied.So my question is this, if I buy the property from the county at this auction, do I have to go through the legal notification and title process before I take possession?
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17 September 2016 | 5 replies
We are not sure of the details that led to the caretakers accomplishing all this, but we do know the caretaker has filed probate in Santa Barbara and notified his next of kin (including NONE of my uncle's actual family) of his possession of a will.