I just purchased a property through a courthouse steps auction (online though, not actually at the courthouse steps). I was wondering if anyone has any relevant tips or advice as I move through this process. Why shoul...
I had an attic fire this April in a rental property (NJ) I own. The insurance company investigators determined a specific electrical cause (and were starting to subbrogate) of the fire. Right at the completion of rep...
Hi everyone,I'm planning on bidding in a couple properties I saw at Auction.com and Hubzu. Is it necessary to do a title search on the properties before bidding? Will they be paying off all the recorded liens with the...
Hello,I am closing on a new build/rental in SW Florida within the next month and the homeowners insurance policy quote was only $76/month. I live in Texas. Am I missing something? The policy is decent but seems like i...
Anyone have experience collecting on PMI (mortgage insurance) with a non-performing note? Would love to hear the good and the bad.We kicked a loan out of the bidding process because the seller's price reflected a futu...
Does anyone have any advice on the pros/cons of providing seller financing via a contract for deed vs a deed of trust? I've purchased property with seller financing using a deed of trust, but I may want to use a c...
Hello,
Can you please advice, how to proceed on this title insurance claim
Here is the scenario
I lent a money to borrower X against a 50% LTV property through a mortgage broker in October 2009. I have 100% title i...
Hello everyone,I kind of need some advice in dealing with a commercial tenant. The insurance for the property is coming up for renewal and they require the tenant's certificate of insurance in order to renew the polic...
I'm purchasing a home in a suburb of Cleveland with Hard Money. My original intention was to flip the property and use the proceeds to help purchase a small multi-family home but am now considering holding the Single...
I am looking at a house where the mortgage is in default and the sheriff sale is coming up. After the sale there will still be an open ended line of credit from the previous owner. The LOC is $25k and was originated...