While you may think a "high five" for the little guy is in order by them not responding, it will not stop them from filing and proceeding with the foreclosure.The collateral portion of the file which includes the original note, mortgage, title and some other important pieces is typically held with a mortgage bailee in a locked vault and is not held on hand at the mortgage servicer's office or the office of the investor who owns the note and mortgage.

and to my brother ( the one mentioned with the title ) and he gave a portion to 2 other brothers - which to me, confirms that the property was not his and divided among the heirs.

I wish instead there was a way to just total up the profits for all sold flips at the end of the year, earmark a 40-50% portion as "salary", pay it and the higher PR taxes on it right then, take the rest as distribution, report it on tax forms accordingly, and call it good.

Many, nearly all consumers think that materials make up a much larger portion of the price than they do.

I've been trying to make sure things go as smoothly as possible so when they go to liquidate other portions of that portfolio their first call won't be to a realtor, it would be to me again.

The trouble with MLM's is that some portions of a company are "snake oil" and some aren't.  

When you refinance a rental property for more than the previous outstanding balance, the portion of the interest allocable to loan proceeds not related to rental use generally cannot be deducted as a rental expense.

Hi Joel,I haven't seen this exact scenario, but I did look at an owner occupied 5 plex where they were paying the taxes at two rates- the higher rate for non-homestead and the lower rate for the portion they were occupying.

i.e. land value = ~50k and depreciable building portion =~ 200k.

After I have become proficient at sourcing and selling wholesale deals, I am looking to partner with a successful rehabber in my area to teach me the fix/flip portion of the business with my own generated leads.