Riz Ahmad
Short sale package submitted, FHA Waterfall approved
I am working with a motivated seller who is nearly 18 months behind on his mortgage. We submitted a short sale package to his lender and they approved him for a FHA Waterfall modification with a 3 month trial period....
TJ Urban
Property with good rental income Big Island HI
Hi Everyone. I currently found an owner who has been going through problems with their rental. Ok here's the deal. So this property started with countrywide, transferred and transferred note. The homeowner is current...
Kurt Traynor
Wheel Chair Accessable flip?
I closed on a property today after winning an auction site unseen. My question: the unit has been modified to accommodate a wheelchair. The walls have been cut to widen and other modifications made to accommodate. ...
Andre Key
Why do sellers have so much faith in banks offering remods
BP,I have a guy that has a great property in an affluent Austin area however he is over a year behind and nearing the fatal court house sale. He is working on a loan remodification with his bank so that he can get a ...
Zhao Lin
Pros and cons of disabled tenants
Hello! My tenant wants to renew lease and move his disabled wife and stepdaughters in. Disability incomes will be used to pay for rent. I’m a newbie. Have never encountered this situation before. Is there anything I ...
Carl Washington
marketing to distress sellers
Does anyone know where to look to market to divorce decree, loan modification, and code violation? I know this is public information but I dont know where I should look to find the information.
Account Closed
Can an owner Short Sale while in a Loan Mod (in New Jersey)?
Hi All, I have a question that I am not quite clear about and was hoping someone has dealt with before. Does an owner who is currently in a loan modification and making payments on it have the option to short sale the...
Daniel Wheeler
Seller has multiple mods
Question for the Guru's...I am doing a deep dive on a property that looks viable at a given price point. While searching the county records I noticed the current seller has done a loan modification every year since th...
Les Goss
How Note Holders Can Help Struggling Homeowners
Just posted a blog with this title. You can see it here: https://www.biggerpockets.com/blogs/7697/49098-how...It discusses using the Hardest Hit Fund if you have a non-performing note in one of 18 states or the Distri...
Martin Sterling
Options For A Homeowner In Foreclosure
Greetings all,So I found a lead in NJ that is in foreclosure and has a scheduled sheriff's sale date within 2 months.The seller owes the bank $180,000. The ARV on the property is about $280K-$300K. She probably needs ...