Taylor Green
Lender's experiences of taking back property from borrower?
Hi,
I was just hoping some experienced lenders could shed some light on their experiences of having to take back a property due to their borrower defaulting on a loan. I am curious of how often you have had t...
Todd Harvey
Impact of discharged debt (paying but not reaffirmed on DTI )
In general, How is DTI measured in relation to discharged debts still being paid but not reaffirmed?Details:4 years post chapter 7 bankruptcy, how is discharged loan debt that the home owner is still paying looked at ...
Account Closed
Best refinancing Strategy
I bought a commercial mixed use five unit in 2007 when I was 25 years old and my balloon is maturing next year. It's worth about 800k and I owe 412k. The building nets 15 k per month. I do vacation rentals on the ...
Jon Mason
Is there a way to make this deal happen?
I have a relative who owns a house that I could get for 70% of ARV. It has a foundation issue that needs to be fixed, but aside from that it just needs some lipstick. It's a great property in a great part of town th...
Eric M.
B of A Pursuing Deficiencies?
I have no firsthand knowledge of this but I was on a conference call tonight with Old School Title. They said the latest word is that B of A has begun selling their short sale deficiencies to a debt collection agency...
Brian Essex
short sale foregiveness in 2011?
does anyone have info on short sale debt forgiveness occuring in 2011?
in particular on an investment property.
Cornel Smith
How long does it take to build a quality credit profile?
So I just recently been accepted for my first credit card. Realistically, how long would it take to build a long enough credit history/profile to be able to qualify for a FHA housing loan?
Account Closed
Do I have to be an agent to sell properties ?
Lets say I know someone that is in bankruptcy and wants to sell their house. They just want to get out of the house and end the bankruptcy crap. Do I have to be an agent to sell their house ? I guess not if people ...
Bradley Babineaux
Seeking advice for lending
Hello everyone, Brad here. I am brand new to investing as I am starting out as a wholesaler. I have a business partner lined up for when we make our first deal. After that we will partner up to focus mostly on LTR's ...
Owen Schwaegerle
Do you ever purchase a property subject to with negative cash flow?
Do you ever purchase a property subject to if the property has negative cash flow?Here's the scenario. Purchase price $650K, subject to existing $600K of financing at 3.625%, $25K down, $25K owner carry with principal...