Jeanni Prescan
Tax claim deed/title insurance
I purchased a home at Judicial tax sale over 2 years ago and have a standard Tax Claim Deed. Now I am selling the house and the settlement company is requiring an action to quiet title, which I am told is going to de...
Maugno M.
PEX piping to increase appraisal. Does it matter ?
I am currently doing a rehab on a foreclosure. 1300 sqft SFR. The plumbing on this house is all old galvanized pipes. I got two quotes from plumbers which one is to replace the whole thing with PEX and doing drainage,...
Ibrahim Hughes
Buyer Agrees to Pay Above APPRAISAL Price - Will FHA allow?
Greetings everyone. I have a property I'm selling where the buyer has agreed to pay $25k above what it was last appraised for 2 mos. ago when another buyer was purchasing using a conventional loan. That buyer initiall...
Patrick McCafferty
Investor making an offer on a short sale
I like this property in my area. It is subject to short sale approval and it needs a lot of work. It is on the market for $199k, down from $329k. There is an $80k Home Equity Loan in first position, then a $175k an...
Isaac Young
Opinions and Insight on First Possible Deal
Hello everyone,I am a 20 year old college student graduating this May. For my first building, I have my eyes set on an 11 unit building that is for sale at $400k firm. The numbers look good, especially for me living i...
Account Closed
do these cracks look like a deal-breaker? (masonry)
Hi all, i'm getting ready to close a triplex in Sherbrooke, the inspection turned up quite a few cracks in the brick though....like the building leaned slightly to one side a while ago (although the foundation is soli...
Bob Battel
Dual Commissions?
Let's say I have a property for sale. Let's say I have become dissatisfied with my Realtor, and I switch to a new Realtor. So my first Realtor is Realtor A and my new Realtor is Relator B. Let's also say that each con...
Jeff Brenot
Property tax increases on rental properties
Hello BP, I am evaluating a 4-plex in the Austin, TX area. The last tax assessment was for $395k in 2015 (~$9k taxes based on 2.2% tax rate). However, in the meantime, a similar property to the one I am evaluating sol...
George P.
Inquiry - input needed (discounted note)
Someone called off my letter that I sent 4 years ago.
Long story short, 3-4 yrs ago, three heirs inherited a house and later sold it to a son of the 3rd heir. First two heirs jointly financed 2/3 of the loan (one not...
Bret N.
Tactics to get borrower to come to the table 2 NPN
I have a NPN 2nd note in GA which has no equity. I went through the FC process and now have the deed but the borrower still isn't responding. Based on the communication my workout specialist had with the wife(who is n...