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There was a sheriff's sale recently where the bank bid the price it was owed. I don't understand that, but anyway I assume that they'll want to sell it now, right?
How can I contact them to make a deal to take this ...
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I short sold a non-owner occupied SFR in November. The loans were with Nationstar (transferred from Aurora, my original lender) and Bank of America. I received my 1099-C from BofA but not Nationstar. Called them to...
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I don't yet have the money/skill to pull this deal off. Still, I'm trying to observe what the market is doing. So through various web searches, I found a property that is going to be sold at foreclosure auction on T...
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I began learning about real-estate investing in 2007. Did my first short-sale in 2008 and netted $21,000 in 22 days. Bought two rentals in another state in 2009 on a credit card that I eventually defaulted on, because...
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This is the description with one of the short sale town home that I am interested in buying in CA Bay Area. Basically what happened was the builder did not complete the project and built only about half+ of the town h...
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I need help analyzing a deal and finding hidden costs that might come up on a potential deal. Here's the background:-House in pre-foreclosure, $42k past due, $300k remaining on loan, auction on November 22nd, house is...
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I'm a former banking lawyer, and former lawyer for the FDIC closed-bank division. I can tell you, from the inside, how banks evaluate short sale offers. Since then, I've successfully negotiated many short sales to buy...
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I have heard different answers and was wondering what you guys had to say?
Thanks,
Erik