Currently serving in the United States Navy and have been for 5 years, I recently found my self enthralled in the idea of REI and can't get enough of reading on the subject and doing research to find the niche that I can hopefully excel in.

I'm going to bookmark this thread for referral whenever contemplating a situation where a short sale might be useful.PS: J Scott, your eBooks are fantastic--thank you so much for creating them and thank you BP for distributing them!

It will qualify under the debt forgiveness(Until December 31st 2013 unless extended again) or Section 121 Home Sale Exclusion.If it is a rental/investment property, the sale will be subject to Depreciation recapture.

MOST plans that I'm aware of will call the loan due immediately and if you don't/can't pay it back all at once, it would be treated as a distribution.

How the rehab funds are distributed (strict funds control draws thru escrow or simply handed to you as a lump) would be between you and the lender.

I have a seller looking to sell a commercial property that is owned under a LLC. My buyer wants to buy the LLC (aka keep the current mortgage) and then bring cash to closing to cover the difference between the pur...

Vehicles and titled trailers, toys like a 4 wheeler the lien is perfected by completing the lien section on the title and sent in to the DMV or similar state agency.It the interest is in connection with a land deal, file a notice of the other lien in the land records with the subject property, if they will do it, but it at least throws caution in a title search that may cause contractual issues, but aren't liens on the property.Don't file a note unless your recorder requires it for personal property, you may need to prove the debt was created. :).

Bill Exeter is an in-house expert on this subject while there are quite a few individuals on here that are also very knowledgeable about this subject.

I was wondering where I could pick up a list in my county for parcels that are delinquent (owe back taxes), but the property yet has gone through the auction process.I am by no means an expert on the subject so I apologize if I have misstated anything above.Thanks!

Buy the property "subject-to" the existing mortgage assuming there are no other liens.