Karl Mueller
Complicated short sale to end my investing career?
I need some expert advice. I apologize in advance for the lengthy post, but I need to give some background on my situation. In 2006 my wife and I bought a condo (I know... Now) in Western CT for 280k in both of our...
Anand S.
Short sale - second bank dragging feet
I've been waiting on a short sale as a buyer for the last 5.5 months.
The home has two mortgages.
The first bank approved my offer, and is offering the second bank, Chase, $5K to buy them out. The second bank h...
Nicole Allen
Private Money (from a company) vs Hard Money
Hi BP fam, What is the difference in Private Money from a company vs Hard Money. I understand the logic of Private Money from a friend or family member, but I don't understand the difference when a company advertises...
Account Closed
Money down on 4/4 Condo in Raleigh? New investor.
I'm a brand new investor looking to acquire a condo near the university that my son attends. I found one that's at 4/4. I am currently Inquiring about more information on it. It appears that each room rents for $450....
Linda Kelly
10975 S. , Los Angeles
The Real Estate person was a friend and she was handling both the selling/buying verbally she told me the price was 125,000 then when it was written up the price increased to 170,000. This is mixed use property comme...
Elijah Joseph
How Do Reverse Mortgages Help Homeowners?
I was cold calling some leads today and I came across something I've never heard of before: Reverse Mortgage. I did a little bit of research on it and found a few terms and definitions that I'll use to understand the ...
Eric M.
Very interesting article for those who think "Strategic Default" is safe.
http://www.chicagotribune.com/classified/realestate/foreclosure/sc-cons-0913-strategic-default-20120913,0,4134066.story
I think it is particularly interesting how they indicate that they will pursue you for "abusing"...
Paul M.
innovative/creative or illegal?
Theoretically let’s say someone or some entity is interested in an 18 unit for 500k. Three questions…They have a decent credit score, about 40k cash in the bank but not the 25% (125k) for a down payment. However, they...
Salvador Carlton
Heloc Strategy to pay home mortgage down
I recently watched a video in which one of the strategies besides buying Real Estate Investment properties was to use your Heloc to pay down your home mortgage because of the simple interest versus amortization schedu...
Joe Alonzo
Excess Procceds
Here's the deal.I called a law firm to
ask them if they could represent me in obtaining
"excess proceeds" from the tax foreclosure sale, but
they told me that only the former owner is entitled to
those proceeds, is th...