my friend has a rental that's way under water, According to Zillow it's worth about 160k, while he owes the bank 230k. i know Zillow is not the more accurate source, but 70k is pretty significant.the house is rented o...

First of all I want to thank the BP community for all you do. I would have learned so much without you and I am sure that I will continue to learn more. My husband and I are considering selling our house on a short sa...

This year especially I’m noticing a lot of properties for sale that have reverse mortgages that are seemingly underwater. It’s not just N.C. - I’m from Pa and have noticed a few there too. Here’s what I think I know....

Hello,

I am completely under with one of my personal properties and my attorney is saying that shortsaling is my only option. Then I had one of my realtor friends suggest that she have one of her investor fri...

Hi. I'm a newbie from Chicago (western suburbs). I have a friend whose home will go to auction on the 30th. It has been neglected, has been sitting vacant for over a year, has some cosmetic issues and is the ugly h...

2 years ago I was plunged into renting my property after a loss of a job and split from my partner in Henry county Georgia where the home is under water and I now own 100% of the property. However, even though the val...

Hello Everyone,I am a new member and a big BP fan. I'm so impressed with this extensive resource and how helpful other members are on the forums. May I ask your invaluable advice on a very personal topic.I've been try...

Anybody here affected by the flooding in Davenport Quad Cities area?

Say you start a STR and use the loophole to write off 100k from W2 salary. 2 yrs later the rental goes underwater and you have to give it up at huge loss.  What happens with recapture of that loophole money?

If you see a property owner who is in trouble, and let's say his loan is for $200,000, and the ARV is $180,000. And you want to offer him $117,000. How does this work? Will the deal have to go through a Short Sale spe...