Is a short sale directly with a lender required on a property with a reverse mortgage? HUD website says that the heirs of the property with a reverse mortgage can sell at fair market value even with negative equity an...
Hello Investors, I am negotiating with a seller that has a Reverse Mortgage. We are having a three way call with the company on Monday. What to expect?? What are some key questions I would need to ask, and would they...
Hi BP friends,
On Friday I had a good lesson I want to share with you when it comes to FICO score.
I’m about to close on a deal in the next 30-60 days and lock rates on Monday prior to the Fed increase on Tuesday.
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I know someone who recently lost their home in a FHA/HUD foreclosure. I think I could acquire their rights of redemption and make a modest profit. I've read the rules about adding taxes, insurance, improvements, an...
Hi everyone, i wish i had found this forum earlier. I have fully paid off my primary residence and have secured a HELOC of $435K against it from US Bank, secured a month ago. In the process i have also bought another ...
HI BG community,I recently got married and me and my wife are searching for a house. We are currently living with my family and the house is under my name. Since I have a mortgage already, is there another way for me ...
Sold a property with a small house and a few other agricultural structures on it, on 10 acres, Northern California, deal closed early last year. I carried with a quick pay off structure. Buyer has been late on everyth...
I have a seller that owes $46k on a house. He wants to get rid of it so bad, he'll sell it to me for $40k which is a good deal on it. He will bring $6k to closing table to make up difference. Would this count as a sho...
Hello everybody! Happy Friday. I currently have an investment property that appraises at $900k. My primary mortgage is at $550k and dropping. I have a $50k HELOC with a balance of $47k. I want to pull a $100k lin...
This year will be my 5th and final year of paying $123.23/mo of mortgage Insurence on my FHA mortgage.
Since the mortgage Insurence will expire at the end of the year, will my mortgage payment decrease by $123.23 or ...