so ive got a "distressed seller" that has a property estimated to be worth 178,000 that will accept 60k

however he owes 268,380 on the mortgage . how do i structure this deal ?

Hello all,

I have NOT yet talked to an attorney, however I have talked to the bank that holds our Mortgage and Equity loan about this situation.

Due to a job loss and my havi...

New Foreclosure National Moratorium - How does it affect short sales investors whom flip them.

I am just getting started going after short sales to flip them to other investors, so am I too late here and missed the b...

Can anyone suggest the most effective way to get B of A to waive their right to pursue deficiency?

I received a short sale approval from B of A with the clause saying they can pursue the deficiency:

"BAC Home Loans ...

Any property mangers out there able to help me with understanding some terminology.I recently made it the final stages of an interview process for a property inspector position, and have been assigned a case study in ...

I am looking for some advice for a close friend and client. He got into a deal with a hard money lender and was able to complete the house build and is waiting for the house to sell. The hard money lender is threateni...

I was hoping someone could help me out with a deal I'm working on.I'm negotiating a short sale  on a property with three liens, a 1st mortgage, 2nd and a HUD partial claim.I've reached agreements with the 1st mortgage...

I want to understand this completely.

Is this stating that if a home owner has received a tax deficiency for a house that was short sold, but lived in the home for 2 years, they don't have to pay this?

Thanks

Backstory:I received a call from an investor this week. They were looking for a portfolio loan. They had four properties they owned. They acquired them in 2022 all with zero down and all were recently renovated homes....

I am hoping for some viable suggestions on this. Here are the facts (with numbers rounded):

-I own in my personal name an investment SFR in Birmingham, AL.

-Remaining mortgage (principal) on house is $...