A trust I manage purchased a house Subject to from a woman who was separating from her wife. She wanted to keep her credit intact and couldn't afford the payments on her own. Fast forward a couple months and she's l...
The mortgagor of one of my "sub2" deals asked me if I would be effected if he/she files bankruptcy. Currently home is deeded to a land trust. I own several "sub2" homes and this has never come up. Has anyone experi...
I’m new in leasing here. Would like to ask if you inquire about Bankruptcy record from prospects, or you make the same decision on applications regardless of what type of bankruptcy it is.
So I have a home owner that was referred to me by a previous client I helped earlier this year; She wants to sell her house. However, she has filed for Chapter 13 bankruptcy. Although I have a bit of knowledge working...
Received notice in mail yesterday that Autumn Property Management has filed bankruptcy.We were contracted with her for less than 60 days after Strategy Properties dumped all their clients over to her without permissio...
I never thought I’d be in this position, but here I am.
So, I have a few rental properties, but the utilities, taxes, and insurance were all triple the amount forecasted. Over this winter, the utilities drained my a...
Hi,I am looking for info on ways that people may have been able to acquire property even with a recent bankruptcy on their personal credit. This is not necessarily for rental or flipping either but for primary residen...
Currently my wife and I are in chapter 13 and have been for almost 2 years. Around springtime we will be switching to chapter 7. As I understand the FHA, there is a 2 year waiting period before they will consider the...
I did a chapter 7 bankruptcy about 2-years ago. Really wanting to turn my financial life around starting with low-cost real estate deals. Currently I have about $20,000 in savings and am looking at (rural) homes in ...
I am interested in investing in a single - tenant industrial facility. I am curious as to where a lease stands in the event of bankruptcy.
I know you must do due diligence on the single tenant company that you have a...