Is it possible for a person to privately buy mortgages similar to how Fannie Mae or other mortgage companies do? If so, how do you do it?

I was recently contacted by a friend's mother whose neighbor has a reverse mortgage and will be "losing it" to the bank.
Is this considered a foreclosure? Will it go to auction?
I'm planning on contacting the bank th...

I recently did a 1031 exchange. My CPA says I have a mortgage boot situation, but I would like to double check with the experts in this Forum.Here are the numbers for Relinquished property:Adjusted Cost Price: $354KSe...

I listened to an older podcast on BP about notes and the guest kept mentioning he used 2nd mortgages to get them. I was hoping someone could explain to me what a 2nd mortgage is and how it works.

Hi,

I have the opportunity to buy a investment apartment of about $125,000 which I could get around $800 per month in rent. I have about 25,000 cash to put down as right now and I could get the rest to pay of...

I'm buying my first property. I want to live in it for a year, fix it up, and do vacation rental on it. After a year I want to buy a second property that I can live in. My lender says that I could qualify for a conven...

I am currently in a BINDING contract with a SELLER of a residential piece of property an I am the BUYER for the sum of $20,000.00. The contract is seasoned, and is sitting at a Title company ready to close. There is a...

I am considering selling my property to the current renter for a discounted price and carrying a junior mortgage for them. I don't know if their bank will agree to this or not and looking for some advice. I would like...

What's up BP family! Could someone explain how wrap mortgages work?

Hi,I'm writing this from Houston, TX. Due to impact of HARVEY in Texas, my mortgage bank is offering "Forbearance Plan" for 3 months. Were I don't have to make any payments for 3 months. It will show my loan account a...