Bank of America, one of the country’s largest mortgage lenders, says it is loosening its policies on short sales in response to the U.S. Treasury Department’s announcement last week that it would increase incentiv...

This is major news on Indy mac. This guy gets inside info before the news and in most cases is right on target!

http://mrmortgage.ml-implode.com/2008/07/06/indymac-significant-seizure-chatter-is-this-the-end-finally/

Hi, I'm fairly new to BP. I wanted to know what are your views and perspectives on sweat equity if you know how to do all of the work yourself ? Would you hire a contractor to do so ?

Hello everyone, I hope everyone is safe and in a good mental space; given the circumstances.
I've been working to be as ready as I could be in the event of a downturn.  I've done a few REI projects and am currently w...

We own a townhouse in Indiana.  it is a 50/50 partnership with a friend/colleague.  We have been in the process of selling it.  It was to close last month (now delayed to this weekend) but during the process, the titl...

Since they instituted a clause in their approval letter that says they will rescind the short sale transaction if the property is resold within 30 days . This is provision # 10 in their short sale approvals which is p...

I have been negotiating with a seller, he wants a day to think about the deal. Do I wait longer since he needed time? My offer was 5k less than his asking, he wanted to meet in the middle; Increased my offer by 1500 a...

The reality these days is that the rules are changing every day. It is extremely important for investors to stay on top of the news and know what the real impact of the headlines is. There was some really big news ...

So i've recently bought and rehabbed a house which my neighbors have appreciated, and we just moved in a few weeks ago. Interestingly enough there is still one more 'problem house' a few houses up from mine which is r...

Just got approval for short sale. I owe $200K on beach property and have an offer for $90K. In the short sale agreement it states that the lender or its investors may pursue a deficiency judgement for the difference...