Jeff L.
Mortgage Called Due Upon LLC Transfer
Hi.
I have 4 rental properties financed through 3 different mortgage companies. 2 of the 3 told me today that they would call the mortgage due if I transfer the property to an LLC.
I am waiting to hear back from the...
William Chrisman
Debt free rental properties
I currently own one rental property and planning one more by the end of year for cash. What are the advantages and disadvantages of doing this as opposed to financing.
Stephen S.
who would I foreclose on?
This house has been empty for four years. Well upside down on the mortages. It took me a long time to find the owner - and actually I am still one step away: presently talking with the previous owner - the aunt of ...
Stewart McMillan
Wait, what?! Tenants Violated Lease and Want 2x Security Deposit?
I recently had an issue with the power going out in a Chicago unit of mine. ComEd turned the power off due to non-payment(though ComEd never warned me or tenants which they are required to do by Illinois law), but I h...
Christian Tibok
Short Sale: What happens to HELOC in secondary position?
During a short sale when the primary lender is owed 361k and secondary HELOC is owed 78k, what happens when the package was submitted to the primary only? How can the secondary position get what is owed to them?
Joshua Dorkin
Where to Invest Next?
One of our users, buyandselllv, posed the question:
Where to invest next?
He was interested in finding out about good areas to look at to find rental property. I realize it is a broad question, but wanted to re-pos...
Manco Snead
Out of State Realtors not Responding
Greetings all,Hoping someone can give me some insight. I'm a newer investor (1 property) looking to buy my first OOS state property. The realtors I've contacted so far have not been very responsive. What's going on an...
Me Me
can you get a short-sale approved with no hardshps, and w/o neg. affecting credit
If you want to do a short sale but have never been delinquent, have no trouble making payments, and do NOT want the bank to forgive the difference, but allow you to make arrangements to pay it off (assume as a loan o...
Paul Mendel
declaratory judgment action seeking distribution of surplus funds
Hello All,I run a condo association in Pinellas county, FL, and we had a unit sell at tax auction last year, there was significant surplus funds from the auction (about 8k, the HOA was owed over that and the tax lien ...
Ram Srinivasan
Process in Canada
Hi Canadian BPsFor Judicial sale Foreclosures (I am in Alberta), can anyone advise step by step on how the foreclosure process works? Even if you can direct me to some trustworthy links, I would appreciate it!Thanks,Ram