This question has more to do with condo ownership than investing. I own a condo in an 8 unit building in Chicago. One of the units owners has not paid assessments in over 10 years. The HOA has a lien on the unit, but ...
Hello BP Members,I recently bid on and "won" a property at an auction that occurred this past early March. Prior to bidding, I did my due diligence and felt comfortable bidding (i.e. ensuring it was a 1st mortgage, t...
The deceased was given the house when his parents died, so the deceased inherited the house. Now, that he has passed away. The house has been sitting there boarded up. Nice looking house. I wrote a letter to the decea...
Hey there!Our tenant owes us 3700$ and he said he is planning to file for bankruptcy.Somebody mentioned that instead of turning the debt over to collection (which charges 40% of collected debt), I can do this effectiv...
Hello all, Anyone know what the legal specifications are (I'm in PA specifically), of what I am responsible for in regards to things left in a unit by a tenant who passed away. I don't have any contact info for family...
Hello, one of my tenants has not paid for two weeks now and I suspect he is trying to see how long he can stay before he gets more attention. I never had to do this in the past but see myself forced this time. Is th...
A commercial tenant broke the lease in southern NJ. The firm that leased the unit is an active midsize firm, able to pay, owner signed personal guarantee. I am looking for a recommendation on how to collect lost ren...
With recent issues with the debt ceiling and summer market coming up. We've been through many fluctuations since the start of 2022. To the Bigger Pocket community - are you doing anything different this year due to th...
Foreclosure sale: HOA was one of the defendants which has unpaid dues. Writ of execution is 8/10/2013, foreclosure sale is held on 11/22/13. Foreclosure buyer will get redemption after 180 days. When new owner gets...
M2M tenant has not paid March rent and plans on moving out. After I served 3 day pay/quit notice tenant tells me on 3/22 that she will be moving out on 4/1 and will try to get rent to me ASAP. So technically owes M...