Public Service Announcement I was scammed by a company called Xplicit Home Loan they offered me a loan of $280K for an investment property I was looking into. They claimed to be a private money lender. After sending t...
I have a rental I bough in the 90s. My first. Stable neighborhood at the time, but not anymore. We pulled money out during the boom years and the area is now severely depressed. (South end of Toledo, oh - 43609). I’m ...
I have received several emails from them and wondering if they are legitimate. They're offering 7-9% interest with just 1 point on Fix and Flips. I'm seeing 11-15% with 1-2 points and another $2800 in fees.https://p...
My client's auction date is in 5 days. I want to request an extension to the lender. Is there a form to fill out? If not, does anyone know the verbiage the letter must contain? Thank you!
We have a NPL on a SFR property in Illinois with a foreclosure sale date next month. Borrowers finally came to the table for a loan mod earlier this month (they have been disputing the debt for a few years). They subm...
I am trying to understand what would convince a seller to accept a sub2 agreement aside from being offered more money for property and favorable terms? If I understand correctly, a deed is transferred to buyer, but th...
I currently invest in non-performing notes (seconds). I attempt to get the borrower back on track using a variety of work-outs that benefit both the borrower and me.
I use FCI to service the loans once they b...
Ok he wasn’t the devil, actually a nice guy. But they say there’s a fine line between insanity and genius and this guy personified that.
Basically I had lunch today with a mortgage modification expert along with my a...
How do you calculate an offer price on a foreclosure?
Hey peoples!Has anyone successful stopped a foreclosure sale after the auction sale date was already set?If so, how far out from the date was it and what did you do to stop the sale?