Lulu Wang
Short Sales in Nyc newbie Need help
Hello folks!I had a short sale went into contract but it's taking forever to close because the seller bank still has not provided the consent letter. And the recent update is the sale is going to auction in two moths!...
Matt W.
Line of credit caused foreclosure, does older mortgage survive?
Hello BP, I am a new investor in NC. I have been following a run down property I knew was headed to foreclosure for a few months. I had an attorney do a title search and he determined that it was a $25k line of credi...
Errol Sadler
What are the do's and don'ts of purchasing at an auction.
Hey BP,Im in process of purchasing at an auction, but its my first time so I am looking for as much information, and guidance as possible. I already have an attorney that I worked with on 3 other properties (2: 4plex...
Manuel Sarabia
Question about 2nd Mortgage Foreclosure surplus
If the 2nd mortgage(junior lien) goes to foreclosure and there is a surplus of funds after being sold to the bidder, will the Senior lien receive any of the surplus? This is assuming it's the only other lien on the pr...
Dan McLaughlin
Trustee Sale Surplus Funds
A very unusual situation here.
2nd deed of trust trustee sale opened at $218k
At the same time the 1st deed of trust opened at $27k
No subord agreements - no other liens.
In NC we have a 10-...
Michael Junior
Bad idea for my first REI to be out of state?
I’ve been looking at deals in my area, Fairfield county Connecticut. Very expensive and competitive market( as is everywhere else im sure).
I have Yet To purchase My First piece of property. Running the numbers in m...
Matt Pfefferlen
Senior lien remaining after trustee sale
I am looking at purchasing at trustee sale initiated by a junior lien. I understand the senior lien by law would have to accept payment if I have trustees deed. I am looking for confirmation that in fact the first ha...
N/A N/A
Hi, I'm David.
Hi everyone, my name is David and I wish to learn everything about real estate investing. I'm a high school junior and I want to get into real estate investing so I make enough money to pay for college. I'm not legall...
Larry Karp
New Guy In Joliet Illinois
Hi All:
I'm brand new at REI. I've read a bunch of books and even attended my first club meeting last week. I am willing to do what it takes to get into this business. I'm working with a couple of local sales agents h...
Jason Westlund
Title and Liens - Best practices
Hello all.
I see from looking at foreclosure listings it warns that not all liens would be removed after a foreclosure sale. How can I get an understanding of what to watch for? Any best practices or guidance?
Thank...