I was called by a potential seller yesterday, asking about the foreclosure process. After speaking w/ them, I informed them I would call them back this weekend w/ an alternative maybe other than going into foreclosure...

http://finance.yahoo.com/news/General-Growth-files-for-rb-14945510.html

NEW YORK (Reuters) - General Growth Properties Inc, the second-largest U.S. mall owner, declared bankruptcy on Thursday in the biggest real esta...

Need some advice. So currently my in-laws are getting ready to sell their house and go their separate ways, while staying legally married. He will most likely need to file bankruptcy here in the near future (credit ca...

If someone is insolvent at the time of a shortsale and is issued a 1099 for forgiven debt, does filing insolvency with the IRS affect a person's credit? Does the IRS report to the credit bureaus? It would seem that i...

Hello All!Here a little backstory to my situation.  I went through an ugly divorce a few years back where she took over the rental property we had, I kept the house we were living in, and I had to declare Chapter 7 ba...

A couple disclaimers before I start:If you look through my profile and previous posts, you'll see that I am young (just turned 22), and also may believe I don't have the right mindset or maturity yet to start REI. Thi...

I need to know if I make a substantial personal loan to someone, is there any way to make the loan bankruptcy free? Meaning, is there any way to legally word, etc the loan so that even if the borrower went bankrupt, ...

I live in Chicago and there's been a lot of discussion recently on whether Chicago could follow Detroit down the path of municipal bankruptcy.  Many folks believe that because Chicago is much more diverse in its indus...

My dad just sent me this link.

http://theextinctionprotocol.wordpress.com/2013/07/18/motor-city-goes-bust-largest-ever-municipal-bankruptcy-in-u-s-history/

What do you all think about the REI market in Detroit after...

My PM company and Lawyer are going to court for the 3rd time tommorrow to handle a particularly tenatious tenant that is being evicted. My PM contact has told me I am welcome to come, but they got it covered. I am kin...