Sean Dougherty
How or "if" to negotiate junior liens in a short sale.
Trying to wrap my head around this process.I have a seller who has a home underwater. Selling via short sale. She is divorced an although husbands name is still in on title, she has court approved authority to sell ho...
Weng L.
Cash-out Refinance - Policy Changed During COVID-19?
Today I am looking to do 30-year conventional cash-out refinance on my 6th property after rehab. My broker told me that they updated policy lately on rental property
-- 70% LTV (was 75%)
-- Can't do any loan if owne...
Shannon K.
Negative Equity... Creative Options here?
Sent out my first ever letters to pre-foreclosures on Tuesday. I’ve received a call back already today. (I’m purchasing homes for flips, not wholesaling, but open to that option if its there). Bank will not work with ...
Tiese C.
Time is of the essence clause?
Hi everyone,
I don't know if this is the correct forum for my question, but here it is. I made an offer on a house to reside in. the ofer was accepted. the closing date on the offer was for 2/13/09. since the offe...
Mike Yang
Any piggyback lenders?
I found an apartment complex that I want to acquire and was wondering if there’s any lender out there that would do a piggyback loan or second mortgage. My plan is to ask the seller to finance 15% and I come up with 5...
Dave P.
Experts, care to make a wager?
I have just started the negotiating of a short sale. The purpose of this post is to hear from the experts the likelihood of success for this deal. My headline may look a touch confrontational, but it's not at all. I j...
Josh Rogers
Urgent!!!!:Addendum needed for closing
I need to draft an addendum that proposes a change to the title and escrow company that will be used for a property that I intend on closing on, however, I have no experience doing this. I would gladly compensate anyo...
Paul Coin
2 houses one property
I am looking at two homes on one piece of land. How can this be financed? One of homes is rented the other is vacant. Thanks in advance.
Joseph L.
Need guidance in Baton Rouge, La Multi family search
Hello Everyone,
I've currently been on the market for about a year looking to purchase an owner occupant 4-unit multi family home. It's been such a huge challenge in doing so. My first deal was a short-...
Andrés Medina
Privately Financed Mortgage Notes
My parents are facing the following situation, looking for help.They bought a home in May of 2000. Privately financed mortgage from the owner that they bought the house from with balloon payment due in 10years at 8% r...