I have a question about foreclosures. I know that in most states, when a property is foreclosed and goes to the courthouse auction and you are the high bidder, you own the house that day. In Michigan, if someone doesn...

i have a client that im about to do a short sale.she has several properties and a couple off restaurants. If i do a short sale for her will the bank go after her for the remainder off the balance? 2) does she have to...

Underwater on a duplex in a depressed so. Cal area. Currently worth about 90k (and dropping). Owe 130K. Barely breaks even because market won't allow raise in rents. Appreciation is, of course, a distant pipe dream ri...

I am not sure if this is the right area to post. My question is that due to numerous unfortunate circumstances, two properties that my partner and I purchased (through a program) were underscoped, and we cannot move f...

This is the description with one of the short sale town home that I am interested in buying in CA Bay Area. Basically what happened was the builder did not complete the project and built only about half+ of the town h...

Interesting scenario. Looking to purchase a home in probate, that is underwater and being foreclosed on, and to top it all off, no executor...I'm working with administrator.  I have worked with two court appointed spe...

I have a distressed homeowner who is interested in selling his home to me as a shortsale. He is way upside down on his mortgage and has experienced financial hardship. (Lost job.) Yet he does not live in the residence...

First, on a probable MH purchase I discovered back taxes for this years and last, totaling $996. The seller's husband did die about three years ago, so when I informed her of it and mentioned that I could understand, ...

Hello my name is Myrtle B. I live in metro Atlanta Ga. I had my Re. lic. for over 20 years active. I have never done realestate full time.I had young children and my forcus was on my family .4 months ago I went inacti...

I apologize that this will be a little long read but bear with me. So i own a townhouse in New Jersey and we had closed on my house February 2014 with a real estate agent. I need advice from BP on an issue that has ri...