Gary Northcutt
Commercial loan for 5 family
I keep here you guys talking about commercial lenders not looking at personal finances just the property but why does all the lenders I'm talking to want my personal finances and a personal guarantee on the loan? The ...
Keith Thompson
Tax Lien Foreclosure & Lifting the Bankruptcy Automatic Stay
I’m headed to BK court next week to petition the court to lift the automatic stay, thereby permitting me to resume/conclude foreclosure on a tax lien certificate in Maryland.The property is an investment for the owner...
Bryan Hancock
A Map of Bankruptcies For The United States - State Compensation?
I found this chart this evening and couldn't help but think of its implications for real estate investing and state-based economies that set their own laws that impact the nation as a whole. You'll notice that Texas ...
Account Closed
Commercial Mortgage Advice: Balloon matures next year
Need some advice friends... My back is against the wall on this one. Any ideas would truly help.The Facts: I have a mixed use 2 unit commercial property, i bought it in 2007 during the boom for 500k2nd floor is a 4 b...
Account Closed
Do I have to be an agent to sell properties ?
Lets say I know someone that is in bankruptcy and wants to sell their house. They just want to get out of the house and end the bankruptcy crap. Do I have to be an agent to sell their house ? I guess not if people ...
Nicole R.
Defendants Filing Bankruptcy to Stall Sheriff Sale Confirmation
Hello BP Members,I recently bid on and "won" a property at an auction that occurred this past early March. Prior to bidding, I did my due diligence and felt comfortable bidding (i.e. ensuring it was a 1st mortgage, t...
Jason Merchey
The Amazing Field of Investing!
The following is a quote about a book called The Psychology of Money, by Morgan Housel. I was enticed by this story and would like to buy the book. "Let me tell you the story of two investors, neither of whom knew eac...
Alice C.
I am a private money lender. Borrower keeps filing bankruptcy
Hello experts,I lent money to a borrower to buy a property in Chicago. But he stopped interest payments after few months and didn't pay anything after loan maturity. I then engaged an attorney to proceed with foreclo...
Douglas Frankow
How does a personal foreclosure effect an LLC that you own?
My question is, If your in business and own an LLC that is up and running and been holding it's own for about six years, but now find that a loan taken out personally but is now about to fall in default. How does it e...
Tom Lipps
Pros and Cons of Having my Wife Sign the Deed with me?
Hi BP Community!Can't thank you all enough. I'm in the process of buying my first Duplex in Cincinnati, OH and I've had many questions and the BP community has already proven invaluable for helping me make smart decis...