I'm a junior real estate agent and a junior investor. I'm licensed in the state of Colorado but would love to purchase a small rental in Tulsa, OK. Clearly, I cant represent myself in the transaction and intend to use...
Hello BP,First off, thank you for all the knowledge shared on this site.My question is regarding making a title claim. When I purchased my rental property a year ago, the seller failed to disclose the existence of a ...
2nd position loan questions
How do you insure you mitigate the risk of not being paid back?
For me I use;
2nd lien on target property or cross collateral property deed of trust
JV agreement
Promissory Note
Pers...
Junior trust deed lien holder forecloses; note owner of the senior abandons property, senior loan is delinquent, property value upside down.
Question: how does the junior deed of trust owner get the senior to modify...
Why someone buy a debt to the Condominium in auction, there were an auction that 3rd 3rd Party Bidder bought a debt of (Final Judgment Amount) 6000$.
Auction Type: FORECLOSURE
Case #: CACE-11-005183
Final Judgment...
I went on Trulia and was looking at a few properties. There was a Notice of Default listed for $145k (4br/3ba). The house is 2760 sq feet. The $145k is the outstanding loan amount. I assume this is the amount owe...
So I've been going to the sheriff's sale for a while now and finally decided on a property I liked. I did a title search online and came up with nothing, researched the neighborhood (it is very close to my own home) ...
Their is a note for sale for a good price. The note is nonperforming secured by a 10 unit apartment building. The owner of the building turns out to be a colleague that I have a good relationship with. Im just looking...
Hi All,
I am looking to bid on a property which is planned for non-Judicial Foreclosure by the mortgage company here in King County, WA. I did the title search and have two questions. It will be great if you can plea...
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...