We are in escrow, and have learned that there is a reverse mortgage on the condo in escrow.
The buyer assures us that he has enough funds to cover anything debt over the purchase price. We are of course concerned that...

Hello
I am tired of hearing and reading about stimulus checks and all sorts of assistance for tenants (especially deadbeats who are collecting all the stimulus and funds but not paying rent to their landlords). Do sm...

Hi, I'm doing DD on a note.  The borrower filed BK 7.  The court relieved the borrower from the obligation to pay the mortgage.  However, I've read that this action by the court does not remove the lien that I may pur...

Hello! I was curious if any of you have raised debt to purchase a property before? Personally, I find it much more attractive than raising equity. I was thinking about raising debt for smaller properties, up to 100k. ...

I have a neighbor that is in a distressed situation. She is in foreclosure, with a primary mortgage, secondary mortgage, and an additional lien on the property. She wants to sell, pay off all her debt, and move out of...

I inherited a home oat the end of August 2011. The property carries a home equity loan in the name of deceased relative. I have been paying the bill every month since. I never contacted the lender to know about ...

Looking for an evaluation of my proposed strategy.- Identify tax delinquent properties. Figure out which of them are owned free & clear or have low mortgage balances.- Make an offer to their owners like this. e.g....

In NYC can the second mortgage continue trying to collect after the short sale? How can a person stop continued attempts to collect?

I want borrow $50k per person from my family and friends with a Interest rate of 10% annually (distributed quarterly or monthly) to purchase and rehab a deal, stabilize the property, and put debt on it from Fannie Mae...

Hello BiggerPocket world,
I am going to dig right in.
I am currently in the process of refinancing a home that I own in Phoenix/Arcadia area. I have owned the home for little over a year, and currently have a VA l...