Sandy Uhlmann
What Happens to Second lien if first accepts a DIL?
If a first lien is in default and rather than be foreclosed on, all parties agree to a DIL, is the second lien extinguished as if it had gone through a full foreclosure or does it still exist? If it still exists, I a...
Daren H.
Note Holder Filed Appointment of Substitute Trustee and Acceleration of Maturity
I am talking to a homeowner concerning a vacant property they own (owner walked away ~1 year ago). In researching county records I noticed that the note holder (BoA) appointed a substitute trustee and demanded the tot...
Simon Ruiz
Using a hardmoney loan to purchase property at point of auctions
Hello I would like to buy my neighbors house which is anticipated to eventually go to auction ( long story) I could not purchase this property through traditional means therefore, it eventually will become a Deed in L...
Sanil Subhash Chandra Bose
Simple Guide to Conducting a Title Search: DIY Before Hiring a Title Company
Some of my recent posts on title searches have sparked a lot of interest, so I decided to put together a simple guide to help those of you looking to conduct your title searches. The goal is to give you a practical wa...
Luis Rondon
How to Select tenants?
My business partner and I are looking to begin investing in multi-family house sometime next year, What are some criteria to look for when looking for tenants? Also what are some rookie mistakes that first time invest...
Nicholas Armstrong
Young. New. Motivated... Seeking Sound Guidance! Birmingham, AL
Hey guys! I have recently found interest in REI, and I am seeking guidance during these first steps. When I say recently, I mean I read "Rich Dad, Poor Dad" two months ago. Since then, my life has consisted of BP foru...
Petya Toncheva
Clear to close on Wednesday, bank funds won’t clear until Friday
Hi BiggerPockets family, so I am elated and frustrated at the same time. I finally found a two family home in Fairfield Connecticut, after a year long search. I am clear to close at the attorneys office on Wednesday, ...
Jason Malabute
Solid C Area Investing: Lessons from Due Diligence
Investing in an apartment property located in a solid C area can be a lucrative opportunity if approached strategically. The most important step is to really be familiar with the area you are investing in. For example...
Account Closed
Potential IRS lien on a property won "free & clear"
Hello - I recently won a property at a Pennsylvania Sheriff's Sale auction. It was auctioned with a "free and clear" title. There are currently tenants residing there who referred me to their landlord (property owner ...
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New HUD Regulation Help Short Sale Investors!
"New HUD Policy Could Give Short-Sale Investors a Huge New Advantage!"
by Cory Barnett
Everyone knows that the government doesn’t like to lose money, and now the Federal Housing Association (FHA) has upped the ante ...