Rufus McLaren
Reinstating mortgage and taking over a Pre-foreclosure/short sal
I am a broker in Ft Laud, Florida. I'm also an active investor. Florida is notorious for foreclosure scams and modification scams.I was wondering, however, if any one has had any experience with approaching a distress...
George P.
Municipal Mortgage REIT anyone?
Anyone ever heard of Municipal Mortgage REIT ? Read about it in Kiyosaki's book and decided to investigate but can't find any information on the web.
If anyone is familiar with the term, please chime in
Thanks
Ralph Nacca
Came upon some cash: Pay off auto loans or HELOC?
I just came upon some cash and was wondering if it would be better to pay off my 2 auto loans ($55K @ 3.00%) to decrease my debt/income ratio and therefore allowing me to borrow more money. Or, take that $55K and p...
David Hobbs
Financing for repairs
I want to put the house I'm living in up for rent. It needs repairs that I can't afford. Any suggestions on financing. Mortgage is underwater. I can do a lot of the work myself but I need materials.
Thomas Lam
Need advise what to do for my out-of-state rental property
Hello to all BF members, I have a rental property in Germantown, MD which my wife bought back in 2005....... I believe some of you know where this is going...... and yes the property is under water! She bought it for ...
Tarrin Lilly
What do you believe is the most effective crowd to target with direct mail?? Wholesalers!! Baltimore!! Maryland!! DMV!!
I believe that I will initially began at targeting motivated sellers that are around their 60 day stint within the foreclosure process then resend once again once their officially on the lis pendent list. Experienced ...
Jasmine Doster
Subject to Short Sale deals
What is needed to successfully negotiate and close on a residential short-sale property subject-to the exsisting loan? Does the bank require you to have a certain income level etc in order to take over the person's mo...
Nicole Allen
Buying out my Mortgage
I want to settle my 65k home mortgage with cash. I'm thinking about offering 25-30K. The mortgage company seems eager (property is underwater) to entertain offers. Any advice or thoughts of this settlement. I'm sure...
Matt Dupee
Potential First Deal need help!
Hi everyone,I have a potential first deal! I looked at a house in Framingham, MA right around the corner from Framingham State University. It is a 3 bed/1.5 bath in need of repair with a motivated seller relocating an...
Jim Goebel
The Next Big Short - imminent ?
Two articles of interest - one has to do with risk profile of underwater mortgages : literally underwater because of climate change impacts.https://www.reuters.com/article/us-climatechange-mortgages/citing-climate-ris...