Luke H.
Seller financing flies the chicken coop| Note holding gotchas
Hello everyone, Completed my first seller financing deal. Neighbors are telling me that the new owners have a chicken coup that could cost an $800 fine (neighbors paid the price last year). Neighbors explained their ...
Patrick Nissim
Lenders are loosening up! But sometimes with a string attached.
As a mortgage broker (California), it was disorienting trying to find an active lender for months after COVID hit. Some stopped doing cash out and some pressed pause on everything. It seemed like the only way to get a...
Timur Abdullin
Pittsburgh, PA - Need Attorney for a Real Estate Lending Deal
To Whom This May Concern:
In entering into a deal with a real estate syndicator operating in Pittsburgh, PA, as a lender, I want to ensure that the terms of our contract are fair and are protective of my interests. B...
Dean DeMattia
None-Performing Note in Upstate NY
Hey everyone,I’ve come across a unique opportunity. I found an off-market deal where the owner seller financed a commercial multi-family property to someone on a 5 year mortgage with a balloon payment at the end of th...
Rahul Handa
Paid off property RISK
Hey guys, i just want to know if its too risky to ever pay off your mortage. I’ve been lots of research on this topic because all i want to do is own 5 paid off rentals and retire early. That is my goal but i have rea...
Chris Seveney
Love hate with CFD’s
Contract for deeds can be a love hate relationship. I have a performing contract for deed that I am putting the borrower in default. Yes that is correct —> you are probably wondering how and why?Well for the past y...
Rusty Knowles
Need Lending Advice for Sheriff Sale Purchase - Primary Home
I am looking at a house that is in the foreclosure process valued at $375k but only has $280K left on the note.It is about to go to Sheriff Sale in the next 45+ days. I am currently in a mortgage for my house that I l...
Queen Keoka
NPN BK13: Seller missing original Security Deed GA??
I am very skeptical about this NPN in BK13. First off it was originated in 2006 and assigned from MERS as the nominee. I see evidence tht note was sold in pool during the time of mortgage back securities. Secondly sel...
Raj G.
Private lending-Expired term but continued loan
Hi,I did a private lending, term was 1 year. there was a clause that borrowed can extend loan (if lender is ready) for 2 times, each time for 3 months. but borrower has to pay 1 point for each extension(3months). so e...
Marc Walowitz
distressed notes in forclosure
Before attempting a short sale, want to keep people in their home. Distressed note with a second mortgage that can be settled at 10%. Any suggestions on how to proceed?