I'd like to hear from anyone who has successfully worked a short sale with a HUD insured reverse mortgage. Not all reverse mortgages are HUD insured, but in my farms easily 90% of RMs made during the Bubble were HUD ...
I had a specific question on reverse mortgages. I was reading an article on Forbes, and it stated that "under the reverse mortgage, heirs can choose to repay the loan at the amount owned of 95% of the current value, w...
Good afternoon BP,I purchased a primary residence in NOV 2015 and recently decided to sell a rental home, both have a similar value but the rental has $150k +/- equity. Is there any way to structure a reverse 1031 exc...
I have a relative in NJ who is in a reverse mortgage, but because of unpaid taxes, has received a notice of impending foreclosure. Prior to this happening, is it possible and legal for me to act as a wholesaler for t...
Welcome to winter. The Northeastern Ohio (Cleveland & Lake Erie) winters can be somewhat harsh. Today we are looking at 28 F, but by the first week of December, it can often dip into the teens, or even single di...
I have a paid for house that the market value is about $800K. I would like to use the equity for an investment but do not want to make payments for two years so I am thinking about a reverse mortgage for $200K to be p...
I looked for advice on this subject about 3 months ago then I had to just jump in and do it. Our San Francisco Bay Area market has become very difficult to find a property. The traditional forward 1031 path of "se...
i am trying to do a reverse lookup for expireds. the problem is i need their zip code(i think). is there a way of doing it without doing each one individually?i am just trying to cold call people and need a way of g...
I was the successful bidder on a Sheriff Sale for $48K, value around $100K the foreclosing entity is Carrington Mortgage, its a federally insured Reverse mortgage, and they record the originating mortgage, and FHA rec...
My tenant got mad after I legitimately deducted $600 from his security deposit for cleaning fee and damaged furniture so he reversed his last months rent on cozy. I immediately put in a block with my bank to stop the...