Damian Smith
What would you do in this situation?
I am an agent- My buyers were under contract to buy a property, they decided a day before closing they did not want the property and opted to terminate their contract and give up the earnest money. The sellers and sel...
Chad U.
Mortgage or Loan Charge-off
Hey all Note experts out there, hopefully someone can help out here. I'm doing DD on an NPN that I got a bid accepted on, and upon review of the collateral and servicing notes, it's indicated that the mortgage was ch...
Jean-Pierre Lepoureau
Owner Financing Contracts Gone Wrong
Folks,Just a question has anyone ever experience a situation where you have owner financing and you have paid the entire term to find out that the owner is deceased? So you pay into a fix bank account for 20 years an...
Jeremy Namen
Confused on Deed of Trust issue
If I executed a Promissory note for $350k and concurrently a Deed of Trust that secures 3 properties up to $350k and if this is the total obligation owed to a lender, can the lender still hold a previously exe...
Ralph R.
Putting Multiple Properties Under One Note
I own several properties that I have acquired over the past several Years. I have a pretty good amount of equity in some of them and am thinking of pulling some of the equity out and either paying off a property or ...
Douglas Underwood
Blanket loan or LOC Needed on Portfolio of Duplexes for LLC
I have a LLC in Washington state that owns a 24 unit portfolio in Kansas. I currently have a commercial loan on these and would like to take a loan out against the value of the properties but not sure the best approa...
Dyrol Harding
Second still trying to collect after short sale
In NYC can the second mortgage continue trying to collect after the short sale? How can a person stop continued attempts to collect?
Shahid Iqbal
Considering filing for 'Specific Performance' - Seller backs away
Hi Pros,I can use your guidance here.I have scenario where buyer signed a contract to purchase a piece of land here in Texas held by a trust. Contract is using standard 'TREC Unimproved Property Contract' with seller ...
Stephanie Simmons
Advice needed: pending deal - inspection & contingency problems
I’m a licensed agent in Florida. I’m an investor and I really only do my own deals. This is the first one of my properties that I have sold as an agent. Here’s the issue - got a contract from a buyer that is a commerc...
John Wallace
Current DSCR rates? Who's got the best program?
Hi everyone. I'm hoping you can help me find some good DSCR lenders and give me an idea of the going rates? I was quoted 9.75% for a DSCR on a rental property recently. Is that average? High? Low?! As I am shopping, w...