Patrick McNeill
Strategic Default and Rentals
I have a friend (we'll call him Joe) who is considering doing a strategic default on his home.
Although it's a struggle, he makes enough to pay his mortgage. But his house has gone down considerably in value and he o...
Seth M.
Taking tenant to court - chances of success
In November of 2014 we had the wife of a husband-wife tenant pair inform our property manager she would be moving out. She included a letter signed by her husband stating he assumed all liability for the property. The...
Daria B.
NPN and Chapter 7 vs NPN Ch13
hi all-I've purchased NPN that were in BK13 and understand the implications of the BK13.I understand what Chapter 7 means as well, but, what I'm missing is how the workout generally goes. Is it a foregone conclusion t...
Brad Gibson
Avoiding Significant Damages to Rental Units
I'm a pretty experienced landlord that has been at this for 6 years. Just acquired my 29th and 30th doors, but of late I've been having trouble with BIG bills to turn units when tenants move out. I usually charge 1x...
Steven Miata
Legally paid in full vs. deficiency?
I pulled this statement off of this forum: "Also, a little known fact, is the lender could actually report to the credit bureau's as the loan being paid for less or settled for less. If a lender reports the loan on yo...
Jasmine H.
Applicant doesn't want to provide social security number
I have two applicants (they are friends) who want to move in with a nanny for one of the applicant's child. They love the place and we like them and think it will be a good fit. The issue is they don't feel comfort...
Donta Busch
Lender suggests a 12 Month Credit Build Plan- I wanna go faster
Hey- My wife and I connect with a conventional loan officer who used CreditXpert to analyze our credit. The results were wife's credit score is excellent... mine not so much. The tool very insightful; however, their o...
John Spellman
Collections on my Report
Good morning I have a question I'm in the process of getting preapproved for a mortgage and I have an item in collections that is lowering my score I tried disputing it months ago but it wasn't removed so I called to ...
Chuy Gonzalez
Collecting from evicted tenants
I've been fighting to get a dirty leach freeloader tenant out of one of my units. I went to court on March 7th. I won...I got rent and lawyers costs. This tenant has filed for bankruptcy. Bankruptcy was one of her div...
Bret N.
Tactics to get borrower to come to the table 2 NPN
I have a NPN 2nd note in GA which has no equity. I went through the FC process and now have the deed but the borrower still isn't responding. Based on the communication my workout specialist had with the wife(who is n...