My partner came upon a possible short sale deal today totally out of the blue. Found a homeowner who has received an eviction notice after living a house for 4 years. Said his monthly payments went from $500 to $900...

I realize there is no sure fire way to guarantee a lender will agree to a short sale and in a lot of cases it seems to come down to "the bottom line", will it be it more profitable; or should I say less costly; tha...

I recently filed a Special Civils part for non payment of rent for monetary judgement for my tenant. She hired a cheap lawyer who responded to the Summons. However, he incorrectly filed the form and was sent a Deficie...

When doing a short sale, what would be better for the distressed seller to do (better for THEIR financial future, not the investors) -- get a 1099 from the lender now, or deal with the deficiency later?
It always de...

Hi All,
Our tenant's lease requires a 60 days notice, she only gave 30 days notice, and we immediately started advertising the property and were able to secure a tenant fairly quickly where her lease ends on June 30,...

I purchased a property about six months ago that went through a three piecemeal inspections with a home inspection firm.  Each home inspection didn't cover the entire house, but only portions of the house they were ab...

I pulled this statement off of this forum: "Also, a little known fact, is the lender could actually report to the credit bureau's as the loan being paid for less or settled for less. If a lender reports the loan on yo...

Working with BOA on a Short Sale and have several others just getting off the ground...

My question is...What is the likelyhood and legalities in Iowa in reference to Deficiency Judgements? I've called the State but...

I have posted before regarding my problem with my investment properties (see: Is it possible WAMU will lower my principal?) . I took the advice of this group and immediately put the property that has the best chance ...

I am curious what some of the lesser experienced folks are doing when it comes to possible deficiency judgments.  Are you pursuing the judgement at all?If so, are you attempting to collect on the judgement after obtai...