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19 December 2013 | 15 replies
State law will determine if a junior lien holder may secure property subject to senior lien holders, they don't force a senior lien holder to do anything, but what is more customary if a junior holder allowed to proceed includes the total amounts due the senior as a part of the junior amount, still paying amounts in full in priority, the joining of collateral interests.Keep in mind too that other forced sales can happen, it's not just foreclosures that cause us to address the priority of liens.
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9 October 2014 | 126 replies
Stay away from podcasts, internet posts and other internet materials with non-lenders (private lenders and HMLs not included in this as they have few regulatory experience dealing on the "commercial" side) that address these Acts.
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3 January 2014 | 64 replies
Duncan,When I am hired to check out a landlord, I get the owner of the property no matter what they are hiding behind, insurance info, liens, who the property is financed with, DOB, SSN, owners address, drivers license info, credit card info, how many loans in the owner's name or business name and date open and monthly payments, type of auto in owner's names, bankruptcy.I only this for lawyers.Joe Gore
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22 December 2013 | 4 replies
The problem is in CA the county tax website lists all owners addresses' as"Protected per CA.
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2 October 2015 | 12 replies
Medical bills and student loans vs utilities and judgments from apartment complexes. 2) You see addresses.
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16 December 2013 | 3 replies
I've found forums addressing cash-out refi's for Bank/REO auctions but not so much for tax foreclosures.
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16 December 2013 | 5 replies
Here is the information I look for when presented with a wholesale deal: - Type of closing (assignment, double close, etc) - Address - Price - Estimated ARV and Comps (I won't rely on these, but will indicate if the wholesaler has actually done his job) - Pictures & Condition (Enough information that I know if it's a $15K rehab or a $150K rehab)- Basic Info (Year Built, # Beds/Baths, Square Footage, etc) - Info about access to the property (or how to get it)
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16 December 2013 | 2 replies
., I hear my mentees goals and they often sound much like:Do more wholesale deals in 2014.Double my number of flips.Acquire more rentals for my portfolio.Try my hand at my first commercial deal....and so on.I would like to address some fundamental goals that can insure your success in whatever branch of the REI business you venture next year.
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17 December 2013 | 11 replies
It's determined by HUD, which prevails if any state law fails to address the intent of the federal.