Martha Blumel
Owner in BK- Shortsale and Deficiency Judgment
I have been speaking to an owner of a property, that I am interested in, who tried a short sale before and Chase wanted a deficiency judgement against him, so he did not move forward with it. The property has been sit...
Dario Barba
How to remove deficiencies from second lien
Hi Everyone,
I wanted to see what are the strategies out there that agents or short sale negotiators use to make second liens accept the typical 10% of the lien as paid in full. And not send the rest of the unpaid lie...
Ibrahim Hughes
Deficiency Judgments & Debt Relief Tax Liability
If a seller of a vacant (and run down) property get's debt forgiveness in a short sale, are they liable tax wise (to the IRS) for the forgiven debt if the house was a rental at the time of purchase?
How about it was ...
Stephen Sokolow
Buying a Pre-Foreclosure
Hi,I wanted to get advice on buying a pre foreclosure. The person is asking $160,000. Realty Trac shows that the mortgage is for $130,000. I plan on going to the recorders office tomorrow to find out how much the judg...
Joe Henry
Unusual situation - need help selling a property back to the bank
I'll make a long story as short as possible:> House built in 2008, first owners used husbands VA loan to secure (220k loan), stopped paying HOA and bank shortly thereafter (current payoff 500k+). SCRA protections p...
Daniel Sisto
Deficiency Judgement & Mortgage Forgiveness Debt Relief Act
Goodmorning,How are Deficiency Judgments and the Mortgage Forgiveness Debt Relief Act effecting the amounting of short sales that are on the market and the deals that pertain to them with the sellers. I understand the...
Andrew Bissada
Deficiencies found by inspector - who pays for them?
When an inspector finds Deficiencies in a home that need to be fixed (thats put in their report), who ends up paying for these deficiencies? Is it the seller?
Eric Nunez
Deficiency judgement from property bought in LLC - help!
Hi guys - I’m a new investor and purchased a property in my LLC with a promissory note. It was a short term loan and I ended up defaulting and the lender foreclosed.
Now they’re pursuing me for a deficiency judgement...
Brian Rouse
knocking on doors Of County's tax deficient list
First time on BP and i have so many questions. But first i have stumbled through most of this on my own. The question i have is, i have the list from the county of homes four years of unpaid taxes. Has anyone just gon...
Daniel Sisto
Deficiency Judgement & Mortgage Forgiveness Debt Relief Act
Goodmorning,How are Deficiency Judgments and the Mortgage Forgiveness Debt Relief Act effecting the amounting of short sales that are on the market and the deals that pertain to them with the sellers. I understand the...