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24 August 2014 | 2 replies
I think when you say "Original Value" you mean the Unpaid Principal Balance of the loan at the time of your purchase.
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28 April 2022 | 7 replies
Worst case you'll have to drive to your county office to search their computers for the notice of trustee's sale, notice of foreclosure or notice of sale document (the name of the document depends on which state you live in).This notice typically includes the homeowner name, address, date of auction, principal balance of the loan (or judgment amount), auction location, lender and attorney names.Good luck Newton!
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24 August 2014 | 6 replies
I know it won’t be that easy and I don’t even know if this is remotely possible until I find out what she owes on the property.My question is if we were to do this, where I pay for the Reno to get the home sold, how does it work at closing?
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26 August 2014 | 6 replies
House 1 Owed 34k zestimate=65kHouse 2 Owed 45k zestimate=82kHouse 3 Owed 80k zestimate=99kHouse 4 Owed 36k zestimate=61kMy question what is the best route to buy these properties?
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31 August 2014 | 16 replies
But it should NOT be commonplace.Look for 2.5-3x rent. no evictions. no felonies. decent history of paying their bills. no owed money to utility companies.If the tenant pool you are getting for your particular rental is not attracting tenants that meet those standards then you need to improve the property or lower the rent, or both.That will open the tenant pool up wider and allow you your "pick of the litter"
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22 August 2014 | 2 replies
All of these properties will be headed to the block within 30 daysSo far every mortgage pre-foreclosure I have approached, that are willing to sell, have been underwater on their mortgage "they owe more than the property is worth".The only out for these home owners on selling their home would be a short-sale.
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23 August 2014 | 16 replies
I had a seller respond to an ad that needs to sell and needs to sell quick due to being out of a job and I need feedback on the best strategy to exit the property.She owes the following on the property:HOA $3,835Taxes $5,000 Mortgage $69,700This is a 1 bedroom condo with a tenant in place that has been there for 3 years and the seller just raised the rent to $695 and the tenant wants to stay on a month to month lease.
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22 August 2014 | 5 replies
I find a seller who is four months behind on their mortgage, they still owe 100k on the mortgage.
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30 September 2014 | 11 replies
It seemed to me he was creating docs not as a principal but as an unlicensed third party between the homeowner and Diversified Inc.
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24 August 2014 | 16 replies
This occurs when your principal is significantly larger than the interest be paid on a project.