I have three properties currently in escrow, and just listed a property for sale. Here are the facts:Properties in Escrow (all in St. Louis)4 family - $349K (Closes March 22nd)4 family - $310K (Closes March 29th)4 fa...
Hey everyone, please feel free to "poke holes into my thinking" or tell me if this sounds good.
I am 1 year into my 10 year balloon. I fully planned at the start to have the property paid in 10 years. At ...
Countrywide Financial, the top U.S. home lender, said today it’s working hard to keep struggling borrowers in their homes. So far this year, it has worked on 35,000 troubled mortgages, sometimes working out plans for ...
Here is the hypothetical scenario. The exchanger owns a property that is worth $1.4m with a $300k mortgage. Upon sale of the property the exchanger walks away with $1m. The goal is to perform a reverse 1031 exchange. ...
Hello BP
My grand mother passed about 3 years ago. She had a reverse mortgage. Her son/my uncle whom was living with my grand mother when she passed in appointed the estate has been living there rent free and hasn't ...
Hello, New to group - not new to RE Investing. I have taken many Loans on "Sub to" over the years including Wraps and simplePromissory Notes - I'm in Colorado. I have a potential deal that involves a Reverse Mortgage ...
A real estate attorney who is a type of person who is "solution" oriented and thinks out of the box, told me that I could do a "reverse assignment" to alleviate the seasoning issue when flipping to an FHA end buyer. ...
So, an elderly neighbor died in February. I want to buy the property. She was on a reverse mortgage that has switched hands several times. I tried calling the county to see who holds the loan with no luck. I talked to...
Hey guys,
First time coming across this but I have a property where it is in probate, and I am trying to get in touch with the lender and the number isn't going through. The company is first reverse financial servic...
Is a short sale directly with a lender required on a property with a reverse mortgage? HUD website says that the heirs of the property with a reverse mortgage can sell at fair market value even with negative equity an...