Austin Bakich
Easements- Surrounded by marshes also neighbors title messed up.
26 February 2021 | 2 replies
Access to the land may be granted through adverse possession if the current owners have been passing over the neighbor's land for many years.
Chris Houghtaling
I rent a house in foreclosure, landlord is abusive, evasive. see
2 May 2017 | 8 replies
If the lease is silent on this topic, then generally whoever takes possession of the house, whether that's the bank or a new owner, must honor the terms of your lease until it is finished.
Karen Lovelady
Abandoned Home in our Neighborhood - How do I buy it?
20 July 2017 | 3 replies
Maybe the person paying the taxes is trying to get it under adverse possessionhttp://www.nolo.com/legal-encyclopedia/who-can-claim-property-based-adverse-possession-colorado.html
Jennie Pipkin
How do I buy a Probate house?
10 January 2017 | 1 reply
I would list the basic 6-7 points on a single page: price, terms of payment, property condition, possession, escrow, title, buyer vesting.
Philip Bennett
What are more creative ways to find a down payment?
6 December 2016 | 4 replies
There are a number of ways to have it YOUR way when investing - Ask the seller to loan it to youDo an installment down payment agreementGive the seller a note - pay him a percentage of the rent you will be collectingGive the seller a post dated check - post dated for 2 yearsOffer a blanket mortgage on another property you ownAsk seller to repair something (we call it the"Front Porch clause) instead of him doing it, he gives a check in that amount ($50,000) that it will take to do the repair - you endorse the check and give it back to him as the down-payment.Borrow SOFT MONEY on another property you ownBring a limited partner in on the deal - they borrow money on their property - you pay them back over time with a nice interest and don't forget a buy out clauseAsk your girl friend, your Mother or drinking buddies - offer a free apartment for a limited amount of timeAsk the owner to finance 100% of the deal - keep him in as a limited partner Offer 20% more for the building if the seller will take back a principal only mortgage (that is without interest) offer a balloon payment and split notes.Ask the seller to let you manage the building for a year - collect the rents and make improvements from the rents receivedOwner financing with split notes (details on this to come)Proposal to the owners daughter - make friends with the seller's wife - let him know you really want this property - beg for help - tell him you are a nice person - just getting started Offer a Hybrid offer - offer less - improve the building and give seller 20% of the profitsTry a Delayed Settlement with right of possession and subject to the mortgage - you make payments until settlement 1-2 years later.
Account Closed
My nightmare! Issue after issue!
26 August 2015 | 32 replies
Your thinking shoot the tenant did this they need to pay.. the tenant having many options ( and they do in most rental markets) and not having a whole lot of possessions and being fairly transient by nature ( ergo the term I stay at this home I don't live here common phraseology in the mid west) they just pack up their few possessions and they leave.. especially if they have a voucher.So as you go forward unless its really bad minor repair items that are needed that are tenant caused look at those carefully first and decide do you want a vacancy that will cost you thousands or should you just pay the 100 bucks or so and fix the small item there by not losing a ( what was up to this event a good tenant) and now have a vacancy that cost you 10 to 20 times the amount of this little battle.Just another perspective and one I have learned the hard way..
Yenlan Patton
Can't believe.....my judge granted on my tenant lies.
11 April 2016 | 12 replies
The most important thing is to get possession of the property as unfortunately in Texas you are very unlikely to collect on the judgement
N/A N/A
REO Advice
10 August 2007 | 23 replies
You would work with the lender to "short" what is owed to them on the note, so that you can buy the property for less than what the note actually is.Once the bank actually forecloses on the property and takes possession, it is called an REO (Real Estate Owned).As Tom already shared with you, once it is listed you would put in an offer with the listing agent.
Abad Marroquin
My tenant behind in rent is moving out before contract expiration
23 November 2015 | 15 replies
You would also may have to sue for possession of the property -it is dependent on your abandonment laws.In the small claim court in my area, I have walked into the courthouse and spoke with the court clerk.
Beatriz Negrin
HUD Home under contract but title issues
7 August 2019 | 3 replies
However , a policy has an exception for future heirs or spouses having right of possession , but that policy was issued to HUD .