Hello BP,Fairly new here, and I had a thought that I want to run by the group. It feels like there ought to be something wrong with this, but I'm not sure what it is.Suppose you're at the stage of life where you're re...

I own a property (halibut IFQ) that is worth $300,000. I bought it for $145,000 15 years ago. This year after expenses the IFQ earned around $20,000. I still owe the Dept. of Commerce $83,000. Principal and interest a...

This is a pretty specific question and hopefully theres a lender out there that can help me out. I'll obviously be talking with a lender here in town about it at some point but here's the scenario. I got a loan from...

I currently own one rental property. I purchased the property in 2005 for 97k at 4.8% interest. Ridiculous, I know. It was my primary home for 10 years. The property is a 2br/1.5 bath townhouse in what use to be a nic...

I was wondering what happens in the following two scenarios.Local foreclosure/sheriff's sale and there's a $10,000 HOA lien that is foreclosing.  Let's say that the property is worth $150k and the principal on the fir...

Hi everyone -

Looking for a few quick answers so as not to mislead a potential Seller.

Is an installment sale (land contract) treated the same as seller financing (complete transfer of ownership with Seller carryi...

Hello BP family,I have a motivated seller who is a landlord. He is looking to sell his property asap because he cannot find good tenants and only has 2 months rent left toward the payment. He owes 115,000 on the prope...

Hi Guys , I'm not very smart, so I'm turning to the smart people for some clarification. Can some one tell me what the below means. I got it off the FHFA website. 
is it saying, If I owe 6 payments via forbearance, d...

I'm looking at a deal where the seller vacated 3 years ago and has kept the first mortgage current but has a seller second that was never really paid on time. Loan Originated 2001 for about $5100  several payment were...

Hi, We are still fairly new to off market deals.  We have found that a lot of prospects say "If you just pay off my existing mortgage" or "If you just pay off my existing mortgage plus "$X.XX" Dollars More" it's yours...