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%...
Erika C.
Question About Capital Gains
Hi Everyone,Does anyone know if you still get taxed on capital gains if you do a 1031 exchange and you only put some of your sale profit into a new property?For example - you make a total profit of $545,000 before cap...
Chad Skiles
Short sale taking forever
I put a house under contract at the end of May. It was a short sale so we specified a closing date within 60 days. We also specified that the 8 day inspection period would begin after the bank approved the sale. Af...
David Morrow
Purchase and Sales Contract - Sale Pending Purchase Contingency
If BoB Noob (fictional person) has a signed Purchase and Sales Contract for property X with Dwayne, can BoB enter a 2nd Purchase and Sales Contract on that same property X with Larry. The 2nd contract would include a...
Logan Pettigrew
Finding Short Sale Deals
Is there a trick to searching realtor or Zillow for short sale opportunities?
Wade Stahle
Capital gains, selling 2 months before 2 years.
Hi BP,I am planning on selling my house before the 2 year mark. However, I am at about 22 months of ownership. Will I owe capital gains taxes? If so how much and how did you calculate this? Purchase price was $187,000...
Shequann Burrwell
wholsale a shortsell
can you wholesale a short sale?
i had a seller call me on friday wanting to short sell his property because he can no longer afford to keep it as he can't work and is physically disabled. is there a way I can wholesal...
Ben Boru
Negotiating the bank down?...
Here is a mortgage statement from a homeowner that is being foreclosed on. He wants to sell to me. Can I negotiate some of the interest and late fees down from the bank? And what is the best way to approach that conve...
Tracey Steele
Short Sales in Chicago
Hi BP Community,
What are your thoughts on short sales and offering slightly below asking price? Also, I'm not sure whether I have the endurance for a short sale, but the potential property is a seeming good deal for...
Mark Gingrass
Short sale offer?? Can I get deals or not?
If a property owner is facing forclosure and can proove that they can not pay the mortgage payment. This would be ideal for a short sale right?
Lets say property owner X owes $78K pay off amount.
The house only app...