Samuel Coronado
Next Steps for This Situation
Has anyone else faced something similar? What did you do?I am in the process of dealing with a difficult client. He moved in October 2023 and began missing payments in December and hasn't paid most of January. He is n...
William C.
How do I file a lien for a private loan
We own a property free and clear. We’d like to borrow $50k from a private investor. We’d like to sign a note and attach a lien so the investor is protected. What are the mechanics to made this happen? Attorney dra...
Mark Perrill
Bankruptcy--Why would a debtor sell me their house?
I have access to a list of debtors who declared BK. The house was protected by the BK initially but the court is going to remove the house from the protection of the BK. Before I spend time and money marketing to th...
Stan Hrincevich
Denver's Construction Defects Ordinance: make it simple
State construction defects legislative reform has failed so localities do it themselves. Now it's Denver's turn. The goal for developers is to cut down on the number of and frivolous lawsuits. However, this always...
Heather Meyer
Can seller break signed contract
We (buyers) just went under contract on a piece of property in central Texas. We were preparing to send over earnest money and option fee when we were told the sellers were having an issue on their end and may be bre...
Kathryn K.
Declaring Insolvency to IRS
If someone is insolvent at the time of a shortsale and is issued a 1099 for forgiven debt, does filing insolvency with the IRS affect a person's credit? Does the IRS report to the credit bureaus? It would seem that i...
Brandon Gale
Why would a lender hold and REO for over 2 years?
While looking at some potential flips in the Worcester, MA area, I've noticed a few REO properties that, according to records, the bank took up to, and in some cases more than, 2 years to finally list on the market. I...
Frank Z.
Misrepresentation? What should I do?
Hi,
I am my own real estate agent and I recently got a property under contract. The description the selling agent added on the MLS said the property was rentable via Airbnb. When I asked for the bi-laws he dragged h...
Matt W.
Last minute short sale, how did they pull it off??!
Some quick background: I contacted a man headed to foreclosure back in April 2020. It was a nice SFH, probably worth $300k. He met me and showed me the inside, nothing wrong with it. His wife passed away in the hou...
Account Closed
Subject To Has 5 phases (ok, there are more, but I’m covering these 5 for now)
I’ve been doing Subject to and Creative Finance for a very long time, and I know you have to think ahead. You can’t SAFELY buy properties for full price, using Subject To.
It’s to your benefit to learn how to buy Pr...