What is the first step in starting the foreclosure process?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1180356/small_1694941521-avatar-tjv3.jpg?twic=v1/output=image&v=2)
Hey All,
I have the opportunity to buy a note from a bank on a commercial office property for well under what the property is worth, about a 40% discount. I have attorney's involved but am not clear on this process. ...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/611422/small_1621493775-avatar-markr94.jpg?twic=v1/output=image&v=2)
In a March 20 opinion, the U.S. Supreme Court resolved conflicting decisions among federal courts of appeal, finding that a law firm engaged in only nonjudicial foreclosure proceedings is not a "debt collector" within...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3039038/small_1717334652-avatar-patricias204.jpg?twic=v1/output=image&v=2)
Hi, I am trying to locate an attorney that can help me negotiate settlements for 7 DSCR investor mortgages on single family homes that are at risk of defaulting. I have only been successful at finding attorneys who tr...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/393133/small_1621448721-avatar-cheryln1.jpg?twic=v1/output=image&v=2)
Hi there! I recently won a lawsuit in small claims against a former tenant. I have since obtained a final order in garnishment, signed by the judge. My question is, in Indiana, does the court serve the employer or...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/342792/small_1621445473-avatar-williamw14.jpg?twic=v1/output=image&v=2)
I'm pretty new to the rules and such of buying/selling notes, and I just had a question. You can go right onto fciexchange, and find NPNs that are being sold for huge discounts, sometimes under 5% of the principal owe...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2858664/small_1697573125-avatar-danielb1278.jpg?twic=v1/output=image&v=2)
A real estate agent pitched a mirror wrap deal deal to me. How it would work is that I would buy a new construction home from Lennar, and I would seller finance the property with Lennar currently they are offering aro...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/126186/small_1621418063-avatar-majura.jpg?twic=v1/output=image&v=2)
I have a cleint who had me arrange some advertising for him for a RE seminar he put on, then refused to pay the bill. I am being chased by the advertising company because I mistakenly put the contract in my company...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/123599/small_1621417923-avatar-miamicuse.jpg?twic=v1/output=image&v=2)
There is a property I looked at, where a bank was originally scheduled to take possession of it via a foreclosure auction in Sep 2013, then the owner filed bankruptcy to stop the foreclosure, then the foreclosure w...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1103259/small_1621508921-avatar-dariuso2.jpg?twic=v1/output=image&v=2)
Total shot in the dark but is anyone aware of any buyers interested in nonperforming unsecured notes? I had my former tenant execute a promissory note for missed rent upon move out in exchange for withdrawing an evic...