Taylor Ernster
MERS and Foreclosures
Hey all,I am looking at a property that is going to the sheriff sale. I'm having a tough time evaluating the O & E report that was provided by the title company. Can anyone help me out with it? 1. Mortgage dated S...
Gio Kattan
How to perform rehab w/o permits on a sub-to deal: will I pass city inspection?
Hello Community!
I’d appreciate some guidance on a few matters regarding my investment properties.
I recently purchased several properties in the following locations:
• Ft. Lauderdale, FL
• North Palm Beach, F...
Alex King
what happens to arrears in a loan modification
Hi,I have just started my marketing efforts here in Southern California, and I'm targeting homeowners who have received a notice of default or notice of sale. When I approach these homeowners, most of them say they ar...
Matt Inouye
Renegotiated Owner Financed Note
Hi BP Community,I was hoping to get insight into the process of renegotiating and recording a modified note that an owner had carried for one of my properties.The old note was for 4.5% for 5 years and the new note is ...
Duane Gunkler
FHA-HAMP Program - will this be a concern for me?
Divorced in March of 2015 and moved into an apartment while my ex-wife stayed in the house with the kids. She was never late, but the mortgage payment was high for her, so she has now done a modification using the FH...
Sean M.
Re-affirming an obligation post-Chapter 7
Question about re-affirming obligations under a Chapter 7. If a borrower has a mortgage and has cleared a Ch 7 bankruptcy, then makes a payment on the loan, have they re-affirmed the obligation, such that it now effe...
Michael Lauther
notice of pendency of action NY
What kind of letter is necessary to make the lender prove they have ther right to forclose?
Mike Thomas
Help with loan question
Good evening! I have been in a partnership on a property and things are not working out with my partner. We have a commercial loan both guaranteed it personally. Do banks ever allow modifications to remove one partne...
Luke Rorech
Upcoming CFPB rule change regarding foreclosures
The Consumer Financial Protection Bureau announced a new rule today to prevent a wave of foreclosures due to coronavirus.
Here is a summary from the New York Times:
“In most cases, lenders will only be allowed to fo...
Beau Benjamin
Buying a property from a spouse & Short Sale
I recently got married and upon the final details found out that my spouse's condo was behind on payments because she had accidentally let the insurance lapse and a pipe burst.I was just beginning my real estate/renta...