Mohan Deep
Tenant moved out, filed for bankruptcy
My tenant moved out but left a lot of damage to the property. After they moved out, they texted me saying that they filed for Chapter 13 bankruptcy and that I should contact their lawyer. They gave me the lawyer's pho...
Keith Thompson
Tax Lien Foreclosure & Lifting the Bankruptcy Automatic Stay
I’m headed to BK court next week to petition the court to lift the automatic stay, thereby permitting me to resume/conclude foreclosure on a tax lien certificate in Maryland.The property is an investment for the owner...
Gil Ganz
Judgement liens (Small Cliams) and their impact on a loan
HiI intend to purchase a performing loan in IN, after ordering a title search I saw that there are a couple of judgment liens (exact phrasing is Small Claims, Credit card judgment) on the property (on the borrower na...
Mike N.
Probate Deals in the News Paper
I heard in the forums that in some areas the probates are advertised in the paper. In my local paper I see, “Notice of Trustee’s Sale†is this it? Listed in the description it says the property is going to be au...
Eric Espindola
New Jersey LLC Vs Wyoming LLC
Good Evening Bigger Pockets.In my research, I've read many fascinating opinions about forming a Forgein Entinty LLC in my state. Such as a Wyoming LLC doing business in New Jersey. Although, I do have to pay the fili...
Ed Wood
Effective Tomorrow - Qualified Mortgage Standards (CFPB link)
This page contains resources to help you understand the rule and its implications.
"The CFPB amended Regulation Z, which implements the Truth in Lending Act (TILA). Regulation Z currently prohibits a creditor...
Ibrahim Hughes
Why Isn't Filing a Ch. 13 Bankruptcy Saving This Home???
Hi All - just came across a seller who wishes to sell her home in foreclosure (under water). The surprising thing was that she filed chap. 13 BK and (according to her) wasn't allowed the option to save the home she's ...
Will Kirkendoll
foreclosure and bankruptcy question
hello BP. I got a list of foreclosures from the court and I'm going through it. I came across one that's being foreclosed on but the owner filed chapter 7 bankruptcy. Now the lender is coming after property because th...
Andy Mirza
Adequate Protection Orders (APO) for BK 13
I recently had two successes with Adequate Protection Orders for borrowers in Ch 13 BK. The APO is another way to deal with a borrower's delinquency in their BK plan when it negatively affects a creditor. If a borrowe...
Yael Fuerst
LLC question
HiI am planning on purchasing properties in Pittsburgh PA and Burlington AL.Do I need to open an LLC in both states? If I only open in one State can I purchase in another State? Will I incure higher taxes in that case...