Douglas Larson
Can a delinquent owner buy their own home at a courthouse auction?
In other words, will the trustee allow or can they forbid the delinquent owner from paying cash for their own property at the courthouse steps?
Mitch Freed
Real Time Resolutions
Has anybody had any negotiating experience with Real Time Resolutions? I've got an approved short sale with Litton as the first and RTR as the 2nd.
Litton has sent me an approval letter and they are allowing 3k to R...
Dan Burrows
How do you buy the note for the second or short the second on an upside down property?
We have a house that we owe $235K on the first and another $85K on the second. The house is on a penninsula that is reclaimed phosphate mine in the middle of a lake. Most of the home owners on the penninsula have file...
Jeff Macdonald
Trustee's sale: What happens to personal property? My first deal.
I just made my first REI deal today! I bought a house at trustee's sale (courthouse steps). The owner passed away early 2016. I'm guessing there is still considerable personal property in the home. What does the law s...
Dan Ross
we're getting screwed!! WE NEED HELP!!!
my wife and I are trying to buy a short sale. We made the highest offer (full price), we were the 1st offer in and have an escalation adendum to bring it up another 12k. The realtor convinced the selling family to c...
Robert Jamerson
Guidance on moving forward with a pre-foreclosure
Hey Real Estate Gang,
Need some guidance here,I went on foreclosure.com and find some really nice "pre-foreclosure leads". They were in the 100-200K range. However, I cannot go to a bank and get financing for that, ...
Jose Saldivar
$400k for Duplex in Smithville, TX (NEED INSPECTION HELP!)
Hey Y'all,I just got an offer accepted for a Duplex in Smithville Texas. I'm buying the property on an FHA loan. However, i'm not familiar with the appraisal and inspection process. Since its a multifamily, do we need...
Neil L.
Mr. Cooper / BofNY Note Purchase Suggestion?
We are working with a SFH seller who hasn't made a mortgage payment in 7 years. His arrearage exceeds his principle balance on the loan. The mortgage company just won't foreclose on the house because they know it will...
Marie Rhodes
Bank selling my loan
After the bank sells my loan and I have settled with the new loan holder, can they come after me for any money? The figures on my debt with the new loan holder match the ones from the former bank.
Robyn J.
Contacting 1st lienholder as we are 2nd lienholder about to foreclose
I'm having a difficult time getting 1st lienholder to provide details (payoff) to us as we are 2nd lienholder. They don't know but we're about to foreclose. I know we are entitled to info but what should I provide &a...