Charles Chase
Need some Short Sale advise
I am not sure if I can help this young lady but she has a Luxury home in North Carolina. It will go to the bank on August 29th. What if anything can we do? I have no knowledge of doing a short sale or have the desire....
Tony T.
NY Bill Would CANCEL Rent for 90 Days, Not Postpone.
https://reason.com/2020/03/25/...
The state of New York has a bill to CANCEL rent for 90 days for workers affected by the virus! This isn't deferring rent payment; it is waiving it.
Those landlords who have mortgage...
Carlos Martinez
Seller postponed closing till Jan 1st for his tax purposes
Hello everyone. I posted a few weeks ago about a 4 plex I was planning to put an offer in. Refresh, 4plex in NM with very low rents ($375 for 2bd 1bth) and asking price of 174k. I am going to use my VA and I will oc...
Brian Barfoot
Seller postponed closing last minute. What concessions can I get?
Hi all, I have a house that already had a delay in closing because the seller needed time to move out. Now this morning I get an e-mail saying that with 44 hours to go they don't have their paperwork together and...
Mike Miller
When does a Trustee Sale Become a Foreclosure?
When a person defaults on their payments, after a certain period of time if you don't pay it off, the bank just forecloses on you right? But then some people have trustee sales instead? How does that work, the bank gi...
Evan Jacobs
Private Sale to Primary Buyer to Stop Foreclosure
Hello everyone,
I would appreciate some insight from you all as I have a family member who is in a bind. I have come to learn that this person is in default on their mortgage and the pre foreclosure process has begun...
Jack Cod
Oppty Zones recycling Capital Gains separate from Losses?
Everyone knows that Capital Gains can be put into Opportunity Zone Funds to defer taxation for 7 years.But what about if you have a mix of gains and losses -- can you elect to treat the gains as gains and invest in OZ...
Helen Zhang
Dallas Tax Deferral for Age 65
Hi BP community, I purchased a house that was previously owned by age 65+ couple who deferred their tax in Dallas county, Texas. It has been for a year since I purchased the property. Now it is interesting that the 65...
Arti Jonna
24 hours to check clean title before auction
First time poster and new member here. I am interested in real estate and have been casually checking properties including auction.com, but never found anything I liked. I just happened to notice on Friday that a prop...
Osazee J Osagie
Hard money lender not prepared to close at closing date.
Has anyone encountered this with hard money guy trying to postpone closing date and contract stipulates I will be paying steep penalties if I dont close.Is this your experience, what can i do ?