If a person owes more than the house is worth is there anything you can do to help them?
Hi everyone,I'm trying to understand any risks to a mortgage during a recession and happened historically. This will help me understand how much debt I want to take on as I continue to look for opportunities. Two main...
Hi everyone,
I am finally sending out my new member introduction after lurking for a while and trying to absorb as much info as possible. I just relocated back to Buford (NE Atlanta) after living in SoCal for 2.5 ye...
Here's the story:About 30 seconds before the bubble burst my wife bought a condo in Kansas City. It is now, and has been for some time, underwater. We live in Chicago now and she rents the condo out. It's in a very ni...
So I'm working with a local non-profit to help them liquidate at least one, but probably 2 of 3 properties currently under a commercial umbrella mortgage held by a regional bank. They are looking to tidy up their affa...
Good afternoon all and a (pre) Happy New Year!I have found myself more and more interested in climate change recently and would like to gather the thoughts and opinions of some of my neighboring real estate investors ...
Hi Guys,
in FL,
HOA is foreclosing on a house in a week - Lien of 25k.
the property also has a 1st position loan (Reverse mortgage) that also just started proceedings with no set date or "Final Judgement" numbers ...
http://www.mortgagenewsdaily.com/06112013_eminent_domain_mortgages.asp
Hey BPers. Got a call from a woman regarding my bandit sign. She's behind about 18 months in payments, no lis pindens yet. She's about $80k under water. I'm basically a wholesaler and do some LOs. Is there anything I ...
A family member is 30K underwater on his 2nd home. His ARM will adjust next year and he wants out.Is there an opportunity there and a way to help ?I am pretty new with REI and my focus is on rehabbing, but this situat...