Here's a casein FL - Seller in foreclosure has 120k principal @4%, Shes 10k in arrears, house is worth about 250k, good condition.She wants to stay at the house, but doesn't mind selling it if needed.She will likely n...
I bought a house in Tacoma, Washington in February of 2006, the height of the housing bubble when I was 24 years old. Long story short, I lost my job in 2012 and had to stop paying the mortgage. I went 5 years witho...
Hey Gang. I am a newer investor that has done a handful of assignments thus far. I now have a property that I intend to acquire Subject 2 ("Sub2", "Subject To", what is the correct descriptor for the veteran REI?). My...
Hi there all -
This is my first post here- this is complicated, but hopefully someone will have the patience to read through this and offer some thoughts.
When my wife was 13 (1978!!), she signed some papers to rece...
Hello,I am working on a subject to deal and they seller is behind on his payments. Should I call the bank to discuss getting the payments caught up or just finish all the paper work and pay the back due? I need a litt...
Hey BP fam,
I have a property that desperately needs a way out,
The property has been on the market for a little bit, sellers just recently bought the property so they don’t have much equity. immediately I thought,...
Hi All, I am in contract to purchase a studio condo in WNY, NJ and want to have anyones thoughts on the financial situation of this building. It is approximately 200 units and audited financials revealed that they are...
Have a home in arrears $84,000. A total Principal Balance of $378,000. Just want to make sure that I am adding these together to come up to amount currently owed. ?
I'll get this right out of the way up front, note newbie (i.e. 1 note). I am looking at a second that has an unpaid balance of approximately 30K. The first is foreclosing on the borrower, the court date is set and the...
In a PITI payment are all four portions normally paid as a lump sum to the mortgage company which then sends the accumulated insurance payments to the insurance company once a year and the accumulated tax payment in ...