Chip Chronister
does a tax sale supercede the mortage
Lets a you buy a property at a tax sale and it has a first mortgage with a bank lets say wells fargo (just for fun) who is responsible for the rest of the mortgage?Would I have to pay it since now I have a deed for it...
Patrick Everett
help understanding a cash-out refi
hello
I want to get a better understanding of how a cash-out refi works.
if I have a property that is paid in full and I paid $100k in cash for it this year, if I were to do a cash-out refi on this property for 75% ...
Nils Fischer
Mortgages / Creative Financing for Foreigners
Hi everyone,I currently work and live in Switzerland but would like to start investing in the USA.Any experience, private lenders, or mortgage brokers who have experience with foreigners are appreciated!
Doreen Arminio
line of credit question from newbie
Hi,
I found an REO that I think is a good deal. At the listing price I can offer cash, but would not like to tie up that much cash. (39k). Would it be a good idea to offer cash to get the deal and then maybe take ...
Joseph Kostigen
Seller Financing and setting up a promissory note
Hey everyone. when you are trying to obtain a property through seller financing is the interest rate normally lower than a conventional loan? what would be the steps to approach someone when trying to have them finan...
Iris Sanchez
How many FHA loans can I have?
Hi everyone, how many FHA loans can you have at one time? Some say a maximum of 10 loans is that correct, I think I have misunderstood something.
Michael Masters
Freddie Mac Small Balance Loan Rates
Does anyone know where I can find regular updates on the Freddie Mac Small Balance Loan interest rates? Even if it's not directly posted by Freddie, maybe a loan servicer?I realize there are many rates which vary by ...
Samir Patel
Review for Hard Money Lender
Hi BP,I'm currently looking for a HML for Fix & Flip projects in the Northern Virginia area. I had a call with an associate from iFundCities and was wondering if anyone has worked with them before and what your ex...
Account Closed
Judicial Foreclosure Question
I'm in a nonjudicial state so forgive me if my questions don't make sense.
Is this correct: In judicial states, the lender files the complaint and lis pendens. And then, assuming all goes well for the lender, they ...
Jun Zao
What are the limits of a FHA loan?
So if I am looking a legal 4-unit multi-family at a list price of $899,000, would I be able to find a lender who is willing to approve an FHA loan with 3.5% down?