What is a good way to protect your assets in case of a bankruptcy? I own several properties, some in my personal name and some in my LLC. Some of them are free and clear with no mortgage and several still have a mortg...
I am working with a seller right now, He bought the house a year ago for $127,000 for 3% down. He is selling because he is moving back in with his wife. He owes $119,000 on the house and My purchase price maximum is $...
Hello,I bought a property last year subject to existing financing.Later I sold this property on owner financing to another buyer.I was making regular payments to the existing loan since i sold the property.Last month ...
I have an investment property in Memphis. It's my first out-of-state investment property. Unfortunately, the tenant (who is the first tenant for my first out-of-state property) stopped paying rent after 3 months. He a...
Something I've never dealt with happened today: The seller is going through chapter 11 & 13 bankruptcy (and has been before we went under contract I found out) and his agent just informed me today of this. We were...
So I'm in the end process of foreclosure I believe and I'm not sure exactly what my plan should be after this. I have coworkers suggesting I file bankruptcy because I have a foreclosure on my record and that's what th...
HiI have a property I am interested in that is currently labeled bankrupt. How do you go about buying a bankrupt property?
If an owner files for bankruptcy can they still do a short sale on a property? I've run into owners who say they have filed for bankruptcy and are protected from the bankscoming after them. I never have an answer for ...
I am aware the laws vary in each state. However as I was at my local courts this morning filing paperwork to have a non paying tenant of mine evicted, I over hear this conversation with a young lady and the clerk. Thi...
I'm looking at a property in Nashville, TN that's owned by an out of state owner. The owner has suffered from medical issues and is now declaring bankruptcy. The bank will be foreclosing on the house in 6 days. Is the...