Juan Ayala
Lender negligence may cause us to lose owner-occupied purchase 5 days prior to close
Hi BP Fam! I am in urgent and desperate need to hear from an honest lender/attorney on this matter. We were supposed to close on our home on June 27, 2023. Now due to lender negligence won't be able to. Background: I...
Joe Y.
Time for a Real Estate Attorney ???
Hello Everyone , Here is a situation i'm in and i am worried. I had closing on a home i purchased back on 12/16/15 ,. I have worked on the property non-stop since then in order to sell it this month and had buyers lin...
Alicia N Wright
Bank not wanting to lend HELOC for investments
My husband and I are in the process of refinancing our HELOC on our primary residence. We are in the underwriting process currently and getting push back from the credit union on using the HELOC for renovations on a B...
Matt Fabian
IRS Lien on Auction Property
I am interested in a bank owned property that will be auctioned off on auction.com. The property (a home on 3 acres) is worth around $250k. I did find out there is an IRS Federal Tax Lien "on all property and right...
Anita Parsa
Scare me! What are the risks I need to be aware of before REI?
I'm actively searching for my first multi-family property which I plan to have professionally managed. The market I'm shopping is solid (not hot, but solid) with good rent prices relative to purchase price with good ...
Jamil Cole
Refinancing a Hard Money Loan
Hi all. New member here to BP. So I found a deal on a Single Family Residence. Its selling for 120K after estimated closing costs, cash only, in a neighborhood that is valued at lowest price 250k. Needs work roughly 3...
Lucas Hallenbeck
FHA 203k loans- dream or nightmare?
Have been looking into different funding options to start up my investment properties and was presented with an article on FHA loans. I started doing some research and came across 203k loans and they seam to be a very...
Andre Key
Why do sellers have so much faith in banks offering remods
BP,I have a guy that has a great property in an affluent Austin area however he is over a year behind and nearing the fatal court house sale. He is working on a loan remodification with his bank so that he can get a ...
James H Webb III
Seeking success, Is failure what it takes to get there?
Which would you choose? Failure or success? Success is what I am looking for, but I will choose failure in order to learn and grow. I work for a company that acquires real estate for a holding company and I am running...
Mindy Jensen
Is North Carolina a non-recourse state?
A friend bought a piece of land at the height of the market. It is now worth almost nothing. He would like to have this monkey off his back, but doesn't know how to proceed.It is mortgaged, and he would like to simply...