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Results (979)
Dave House South Florida Short Sale
21 March 2011 | 9 replies

A friend of mine is in a difficult situation. He's "way underwater" and in danger of losing his home to foreclosure. BofA has a first and is in the process of foreclosing but there's a private lender who has a secon...

Brian Kempler How risky is attempting to negotiate down loan balance on a sub2?
4 January 2022 | 2 replies

I'm reading "Get the Deed!" and the suggested strategy on underwater deals is to take it sub2 anyways, then try to negotiate down the loan principal balance and/or payment. Failing that, rent it on a long term lease o...

David S. Best way to structure a purchase
3 June 2017 | 0 replies

I've got a seller interested in working with me. They purchased in 2004 for $168k, and say they only recently are no longer underwater. Don't have details on current mortgage. Based on rates at the time and 3.5% down,...

Kareem Aaron Experienced Newbie from DC Metro
25 July 2017 | 2 replies

I know my subject doesn't make sense - right? Experienced... Newbie...Here's my situation. I'm experienced because I've already done 2 deals.I'm a newbie because I had no clue what I was doing :)How do I know this? My...

Jordan Archer What mortgage rate is TOO HIGH for Subject-to financing?
16 October 2014 | 6 replies

Hey BP,I want to wholesale using subject-to financing. The goal is to get the properties subject-to, then use a wrap mortgage to sell to a buyer (at a higher rate than the origninal mortgage being taken over subject-t...

Jared Chipkin Dream House up for rent. Interested in purchasing. Need advice.
2 July 2015 | 3 replies

There is the cutest Spanish style house that just came up for rent in my neighborhood.  My wife and I have had our eye set on this house since we moved in to the area 10yrs ago.  It is in Littleton, Co where the marke...

Tevin Tyus Buying my first property
3 April 2019 | 1 reply

Looking to purchase my first property! My seller is behind on there payments about 40k. If I pay the 40k to get them from underwater. Can they sign over the house to me or is it a bit more complicated than that? Also ...

Kris Kempe Any creative solutions
2 November 2024 | 3 replies

Hey BP fam, 
I have a property that desperately needs a way out,
The property has been on the market for a little bit, sellers just recently bought the property so they don’t have much equity. immediately I thought,...

Rich Weese Need net worth for financing? New poll
10 July 2013 | 30 replies

A current thread talks about those underwater on mortgages or negative net worth. I decided to ask a simple question. I believe more than 2/3 of PUBLIC has current negative net worth. Lots of reasons: underwater on ho...

Randy Atkinson Pre-Foreclosure Property - Who To Contact?
13 May 2016 | 7 replies

I have been looking at properties that are in pre-foreclosure, who do I speak with about the property? Do I just contact the home owner and ask if they are willing to sell the property at what they owe to the lender?