I’m a 17 year old kid just now beginning my investment journey in Real Estate, Stocks and Bonds. I’m currently undecided on whether or not to go to college. Should I get a job, join the service and use VA benefits to ...
Live in STL, Mo, house is in Jax, FL. Had to move due to layoff in 2009 from Jacksonville. Due to many things, I'm now behind in payments (have renters) but there is always something wrong (air conditioner) for repa...
Okay, so when a person facing foreclosure gets bailed out by an investor who works a short sale, are the sellers free and clear?
I know they will get a credit ding of about 70pts and possibly sent a 1099, but what a...
I have a short sale client that has two loans, both with BOA. I already know BOA is a pain, but just wondered if anyone might know the answer to this:
My client purchased his TH and lived there as his PR from 8/05-1...
Has anyone actually seen a lender pursue a deficiency after a short sale? Please share the details.
Just got approval for short sale. I owe $200K on beach property and have an offer for $90K. In the short sale agreement it states that the lender or its investors may pursue a deficiency judgement for the difference...
Hello all,
So I'm looking for some advice here. My house was sold as a short sale, we closed on 11/4/09 and there was a first (Washington Mutual, now Chase) and second (Citimortgage) lienholder involved. I recently...
Why do banks bid at auction and sell properties as REOs. My understanding is that the bank receives 85% to 90% of the deficiency from the fdic regardless of wether it was sold at auction or as an REO. So it wouldn't m...