Grandfather owns trust, is trustee and beneficiary of trust. Grandfather loan son and daughter-in-law cash June 1994. Security for cash loan was Deed to land. July 1996, son passes. Daughter-in-law had right of surviv...
We inherited a tenant who was one month behind (September), we gave 60 days notice immediately after closing (October). They were late on the next months (November). Now they are moving out at about 45 days and reques...
Hello! We had a property that was foreclosed on 9 years ago in Illinois and there were unpaid HOA dues. The condo has been sold twice since then and we are certain that the HOA dues have been paid during the first sal...
Legal question:
Florida statutes say that new owners are responsible for paying previous owners arrears. Bankruptcy discharges outstanding debts. So does that mean the new owner of a condo where the previous owner ...
A friend of mine has a church legally established as a 501c3 and I have been thinking about forming an LLC. I then had a thought while talking to him, what if we used my LLC to hold assists for him, then there could b...
I'm in the middle of a 1031 exchange with three multi-family properties identified and at the end of my 45 day window. I originally had two student housing projects in escrow and on day 43 of 45, the lenders backed ou...
To any Florida landlords, I am sure you know the over complex and ridiculous procedures you must follow to evict, claim a judgment, claim a writ of garnishment, and have laws that allow someone who owes you money t...
I just purchased a 1st position NPL on a home in Oklahoma and found out from FCI's bankruptcy specialist that the borrower had a Chapter 7 bankruptcy in 2009 which was discharged in 2012 but not yet closed. This was n...
Hello,I am new to NPN buying, and am wondering if any old hands want to share their know-how. I am going to be buying rights for liens for debts that are not current, and could need forclosure to recover.I am curious ...
Good afternoon, I found a property that has a fixer upper on it and comes with space to create 2 extra lots. Is there a way to finance the acquisition and rehab of the property but to also be able to sell the extra lo...