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Chris Bingham What systems and processes do you have in place as a landlord?

2 May 2016 | 48 replies

@Chris Bingham We just today released a new feature called Cozy Express Payouts that significantly reduces ACH payment times.

Scott Szurek Selling a Property with occupied tenant?

12 February 2016 | 8 replies

Or, you could do an addendum to the lease that releases them from the rest of the term of the lease and converts it to a month-to-month.

Christopher Montgomery First lien foreclosed is second still good?

15 June 2017 | 11 replies

This means it is likely the 2nd lien and all other junior liens will become wiped, or essentially removed from the property upon completion of the foreclosure sale.Sometimes if the borrower is doing a deed in lieu with the 1st lien (essentially giving the property back to the lender without going through foreclosure), you can get a small fee from the 1st to release your junior lien.

Johnny Cabral Buying my first house but it has multiple liens on it. Help!

10 June 2017 | 7 replies

Johnny, as the buyer in general you definitely need a lawyer, preferably one who mainly does real estate.And in this particular case you need one because s/he will probably be the one to contact the various agencies involved to get payoff numbers for releasing the liens (RI Housing, RI Division of Taxation, IRS, Providence tax collector).Of course, before you get an attorney involved you should probably try to get a rough idea of what the #s are for each of the liens, by talking to the seller, just to find out if the deal still makes sense.If you know how to do it, you should also do a preliminary title search yourself first to double check the #s the seller is giving you - though with the RI state lien, they unfortunately don't put the amount owed on the recorded document.You might also find other things that the seller forgot to mention, such as violations or executions or even other owners he forgot to mention (that would need to sign off on the sale and amount, if applicable).I hope that makes sense and is helpful - and of course welcome to Bigger Pockets :)

Hunter Fitch Quit Claim scenario - what to expect

1 September 2017 | 2 replies

Anyway, the bank will record a release for the property, releasing the lien.

Prem Schoff Can you buy rental properties in your name only if married?

21 October 2018 | 14 replies

I can take title to property in just my name, but if sell/convey the property later and I’m still married, my spouse has to sign the deed, releasing his dower interest.