Lynn Potter
encumbering an unencumbered property
Greetings,
We have an investment property that is not officially unencumbered, we borrowed money from a family member a few years ago, we were supposed to make payments but have not been able to, the family i...
Scott Kirkpatrick
Buyer protection against Seller default on mortgage, land contrat
A friend of mine came to me for some unprofessional [not paid] advice recently. I'm doing what I can to help her out. Still, I'm pretty new at this stuff. While researching her situation I came across BP. Read a few...
Justin Igoe
Can I quit claim deed into my series llc when only wife is on mortgage?
Long time lurker on BiggerPockets and very grateful for all the great info I've found here over the years. My wife and I are moving out of our current home and going to rent it out. My wife is the only one on that mor...
Carrie Link
Seeking some "rich dad" advice....!
Hello all. This is my first post and I'm looking for advice (so it might be long because I'm desperate so please bear with me and read this if you're willing to help). This isn't really real-estate related but I thoug...
Debbie Sciarrino
Courthouse step purchase but 2nd lien on title
Purchased a house on courthouse steps, I knew it was the senior lien, and had a jr. against it. Junior LOC should have been wiped with foreclosure of senior lien, right? But title company is saying the JR lien throu...
Dennis Griffith
Setting up a corporate entity
I currently have one rental property, which is in my name. I have been inquiring about transferring ownership to corporate entity in order to protect my assets. The rental property is in North Carolina and I have b...
Michael Lambert
Not a lot of Tucson talk
I have been doing my homework to figure out how and where I want to start with REI and have noticed that the Tucson forum is pretty quiet. There’s Davis Monthan AFB, University of Arizona and a new amazon facility goi...
DJ Morse
How to find private money lenders?
How do you find private money lender who I can borrow from and pay a preferred return for three years backed by equity? I have always borrowed from a bank using my money as the down payment. I have scaled to where I ...
Dan Griffin
Being in first position on a loan -- what is the process of foreclosure?
Can someone explain the process to me of what happens if I lend money to someone and they can't pay? I would be in first lien position.
Do I go through a long and expensive foreclosure process, or is it rela...
Devlin Harding
Benefits of a Recourse Loan
Are there any benefits of Recourse Loans? Or are non-Recourse loans always a better decision? Specifically for large apartment building purchases.