The credit scoring system in this country tags people who make minimal payments on large balances as good credit risks.

Miguel "Mike" Perez Actually their prohibition on short sales to family members/related parties is purely an attempted safeguard to avoid "sweet heart deals" where they may get less than market value, and if it were allowed it would also encourage many to try and get rid of part of their loan balance by simply running it thru a family member in a short sale, and essentially retaining the property.  

Then the balance along with any change orders or material increases will be collected (balance) after completion of the project.Very seldom is there a project with no surprises or change orders...

This includes repairs needed, mortgage balance, etc....pretty much anything you will need to know about the property.

The purpose of this clause is that if you are sitting on a large sum of money, they are reserving the right to go after you for the deficiency balance.

It's one of the big three chemicals used to keep the water balanced.

Hi my is steven price i'm pretty much a rookie real estate investor i am still looking for my first but i have 3 prospective properties lined up and lucky me there all within yards of each other. Now i did join a real...

If this is the case, any one of the three is on the hook for the entire balance regardless of what they "want" to do.

The outstanding note balance is $235k and the accepted price with the note holder is $200k (84 cents on the dollar).

I have been told by some bank presidents that what they do with their loans depends on whether they originated it in house or bought it with a loss share agreement with the FDIC.With the FDIC they are guaranteed so many cents on the dollar on the loan and they have told me that the FDIC doesn't require them to do anything with the loan until 2014.So investors offering to buy at market for 50% on the dollar from original balance are being rejected as the FDIC is guaranteeing the bank 80 cents from original balance.Many banks are in a "wait and see" approach and are hoping for some recovery of pricing assets but knows a full recovery on the balance sheet is not possible from original loan balances funded during the boom.So each banks situation is different and you have to take advantage in the time period of being vulnerable.I have learned this on my deals with clients and myself.Once you get an approval on a low price with a specific asset manager or board member you have to close it fast.