Connie Wang
Shall I rent to this person? Seeking advice...
We just purchased a house recently, and we are in the process of screening. Once stepping into the rental world, we found that it is quite hard to find someone who doesn't have credit history.
One person is willing t...
David Eisen
Tenants owing a lot of rent and Forgiveness of Debt
Has anyone use forgiveness of debt if a tenant leaves/evicted owing back rent money? A quick google search... If a creditor discharged a debt of $600 or more, you should receive a Form 1099-C from the IRS showing the ...
Mike Percy
GA RE attorney says land trusts not legal; use living trust + LLC
Hi BPers (and, I hope, helpful lawyers),I have read online that one can secure traditional financing while getting asset protection by getting a traditional residential mortgage in one's own name, putting the title in...
Joseph C.
LLC or not?
Hello BP,
Should you / do you invest in an entity such as a LLC or S-Corp, or do you invest in your own name?
I would love to see everyone's thoughts.
Kyle J.
Finally collected on a small claims judgment against an ex-tenant
A few months back, I wrote about my success with taking a tenant to small claims court and winning a judgment of about $6,000. But we all know it's not whether you win or lose in small claims court, it's whether you ...
Edward Mccracken
Wholesale - What to do with a old seller carry back note???
I found a homeowner thats is dying to get out of his house.... Here are some quick facts that are verified through the recorder of deeds:Mortgage company released the mortgage on his house for 75kBanks around here som...
Mark Buchheim
Judgment debtor forged transfer of title to a dead person
Without going into the fraud and embezzlement by the judgment debtor, I will just go into the specifics of this unique collections situation.10 years ago, this husband and wife were investigated by the state attorney ...
Nicole (Dunlap) Pendergrass
How does a Condo in Lis Pendens get resolved?
Hi BP!
I need some insight on a condo I was going to purchase for my personal residence. Here's the situation:
I was literally 1 form away from closing on a condo in March (Bronx, NY). At the last min...
Mike Haworth
Foreclosure of Reverse Mortgage/Non Probated Property
Found a foreclosed property that was going to auction. Got the auction stopped and submitted a short sale purchase contract from my partner/investor to lender which was denied as the offer was less than the payoff an...
Deanna O.
Notes; death of borrower ....what needs to be done?
Hi. So here is the situation - note @$20k, home @ $100k value ;California Unmarried borrower on note isextremely ill in ICU, unlikely to live much longer. No will found (yet), thus no designated executor. Overwhelmed ...