My partner and I purchased a 6 unit complex in Shreveport, La. roughly 8 months ago. The property is in a less than attractive neighborhood however Shreveport is very block by block and sometimes home by home. After o...

A lot of topics have been discussed before, so many problems have been solved and I'm trying to read as much as possible to really get up to speed.  There is years and years of knowledge and experience on the blogs, i...

In a recent thread, one member asked the other member the following:"I'm curious as to how you mitigate your risks? I totally understand using your own money has far less headaches than dealing with the banks or priv...

Hello BP Experts,

I am about to start a BofA short sale. The property is a 4/2/2 in a good neighborhood. The balance on the loan is $97,000 and the house is worth $100,000 after repair. It will need some updates. I h...

My home is up for auction May 22nd @ 3pm at the court house. My question is reading the foreclosure process for California it states that a notice of sale must be posted on the property itself at least 20 days before ...

Thanks for any advice I get!! My Father passed away in April, 09 I moved in with my Mother so she would not be alone. My mother passed away In Jan. 2010 I'm the only child. I was made personal rep of the estate. I 'm...

Hi there, I posted this elsewhere, but I see that in this forum people have more experience with REO purchases. I am looking at a FNMA owned home, and may put an offer for it. Problem is, I am not sure what they expec...

Common wisdom may argue that REOs are better deals than short sale. The market have been exhausted, the auction didn't produce results and now the bank is with the back to the wall trying to get rid of the property. W...

Does anyone have experience negotiating a Short Payoff/ Discounted Payoff with Bank of America? NOT A SHORT SALE
I've been through all their departments including the Office of the President and they all say they don'...

Detroit is falling and much of the blame is aimed at the banks.

It was just reported that banks started foreclosures and evicted tenant/owners but have not taken posession of the property leaving taxes due from the o...