Hello, Has anyone heard of a debt service deficiency agreement?  Faye

Situation: If you believe that your mortgage company will come after you for deficiency judgement on a foreclosed home, you currently own and live in a multi family... The foreclosed home was a second home you purchas...

I want to request that deficiencies be waived in my contract to purchase. Anyone that is using this in their paper work, how should I state it?

Thanks for any help!

Do a lot of closed short sales result in the sellers still being on the hook for all or a portion of the shortfall? For example, would a home selling for $200k with a loan amount of $370k likely have something like th...

My neighbors are going through bankruptcy, I think its chapter 13. They have a couple of rental properties that are included in the bankruptcy. They are upside down and will result in an eventual shortsale. What hap...

I have no firsthand knowledge of this but I was on a conference call tonight with Old School Title. They said the latest word is that B of A has begun selling their short sale deficiencies to a debt collection agency...

Hello BP! I'm a newbie here, and for my first project, I got my hands on a tax deficient properties list from a nearby County and I noticed that "Tr" follows many names of properties. My assumption is that "Tr" means...

To material deficiency, or to not material deficiency. That is the big question.  But really thats just the subject title.  I'm pretty sure I have a decent understanding of what is and whats not considered to be mater...

We have a short sale that is scheduled to close on May 28th.
We just had the 20 year old home inspected and the AC and furnace are not working.
The seller had a repair guy there when the inspector was and they are get...

The reality these days is that the rules are changing every day. It is extremely important for investors to stay on top of the news and know what the real impact of the headlines is. There was some really big news ...