I have a few questions in regards to purchasing a Performing Note, What does UPB stand for? It is a percentage down on the actual asking price of the Performing Note? Also if a percentage is not being requested, ar...

I have a question about foreclosures. I know that in most states, when a property is foreclosed and goes to the courthouse auction and you are the high bidder, you own the house that day. In Michigan, if someone doesn...

I saw this on the net today. Just thought others who are investors looking to buy short sales or owners wanting to sell would like to know.

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Hi, I got a call today on a house. The woman paid $79,000 for it in 2006. She knows she over paid and doesn't think she can sell it without being able to pay off her loan which would mean a short sale. She doesn't kno...

Hey BP hive mind! My wife and I are supposed to close on a multi unit (zoned as a 2 unit with a legal 3rd & bonus unit/in law) in Chicago tomorrow. Yesterday the seller (an older man who has owner occupied the pro...

I found a seller that is looking to sell her parents' home.  Here is what I know:They owe $125k in principal (1st position...no 2nd's to my knowledge)They owe $19k in back escrowThey haven't paid since February 2015We...

Ok BP friends My aunt was upside down on her home so she walked away from it. The bank reduce her mortgage but she doesn't want anything to do with the property. The property is sitting there empty. Me and my cousin w...

Hey BP Community,I was reading about how to analyze deals on BP, and stumbled across a term I've never heard before. Equity Accrual is a component of Total Return. But what exactly does Equity Accrual mean? Thanks,Ked...

Hi, everyone. I got a mailer recently from a company (that I don't want to be accused of promoting) which offers to give you an equity loan with zero percent interest and no monthly payments. I was dubious to say the ...

Ok so I'm reading a lot about loans and trying to figure them out, a couple things I can't figure out for the life of me, was hoping one of y'all could help me understand!1. Why would a bank loan out money at a 4% int...