Dida N.
Short sale and became sheriff sale
Hello,I gave an offer on a short sale since December 2015... I waited until march the bank responded with encounter they offered me, while I offered another encounter the house went to sheriff sale , the bank bought...
Pyrrha Rivers
Questions about offering on a short sale
Have never offered on short sales but have questions before I try.Is the listing price on a short sale the least the bank will accept?Does Approved short sale mean that the bank has approved the asking price?Does Pre-...
Sherwin Gonzales
1031 Exchange Reinvestment Requirements
Happy Friday BP universe! I've got a 1031 exchange question...Do i have to purchase a replacement property equal to my sales price or just the amount of my capital gain?Say I bought my property for 400k.I sell it for ...
Moty Wall
1031 exchange within 3 months
Hi everybody,About 6 weeks ago I bought a 3 unit building in Cincinnati for which I paid in full. No financing.Next week I am about to close on a sale of 4 unit building which I own already few years. I want to use th...
Jesse Jaques
short sal property being sold after bank approval
I completed a short sale application process with OCWEN and received final approval to closE. Before closing OCWEN sold the property to another bank. Is the purchasing bank legally required to go through with the shor...
Zachary Bellinghausen
1031 Exchange Option Questions
I have two B+ condos in A+ areas and have no mortgage on either property. I would like to leverage these assets as they have appreciated drastically the last 6 years. I would like to consolidate all my funds into one ...
Jeremy Scott
Advise on Short Sales in DFW
Hello all!I have done a search on here for short sales and it seems that they can be pretty time consuming when it comes to negotiating and getting to closing. I am looking for my first house to flip in the DFW area a...
Account Closed
Seller behind on payments
A seller told me he hasnt paid for 9 months.His payments are 850. That would be 7,650, But what about penalties, taxes, attorneys, etc etc. How can I know exactly how much I’d have to pay in order to get the seller ou...
Seetha G
About 1031 Timeline
Hello AllI understand that once the 1031 property is closed, 3 replacement properties need to be listed within 45 days and one or more among them need to be bought in 180 days. My challenge is i am going to buy 2 SFHs...
Brian M.
Deed Restrictions and Transfer Date
I have a 2 part question on deed restrictions. Here is the language in the BOA/HAFA short sale addendum (paraphrased):
No transfers for 30 calendar days. No selling for a gross sales price greater than 120%...