Vincent P.
INVESTING IN A CONDO WITH A DEFUNCT HOA
Hello BP- kind of an interesting situation. I am looking at a foreclosure being offered by the bank. Its a semi attached single family home in NJ. The thing is there is a master deed showing as a condo. The agent said...
Don Mangiarelli
Negotiating on REO Properties. Opinions please...
Hi all,Is it frowned upon when you try to negotiate on an REO property? I am a newbie investor looking at properties to BRRR. I am seeking REO properties and am about to enter into the process on my first property. Ha...
Nate Mur
Seller (Bank) won auction
Hi everyone,Just went through my first online real estate auction and have no understanding about what happened at the end. I know the property well enough to be comfortable with the bid I left. Towards the end of the...
Harry Zhou
loan application packet sample
Dear BP, A "loan application packet" has been mentioned over and over in the podcasts and blog posts. I am wondering if someone is kind enough to PM me a link to a sample loan application packet. I am working on my 1s...
Hugo Yarzebski
Tenant Screening Process
I'm from Guatemala, and usually after pre-screening on the phone, I proceed to show the unit and if they are interested, send them a GOOGLE FORMS "Renting Application" which serves me very well.To it, I also require t...
Robin Edwards
Risks of plastic money
Are debit cards more vulnerable to skimming than credit cards?
Ibrahim Hughes
Help! Need To Track Down An Old Howard Savings Bank Loan.
Hi All:
I'm trying to close on a preforeclosure that has an old Howard Saving Bank (HSB) Mortgage attached. The loan originiated back in 1987 as a HELOC. I used to be a stomer of theirs as I've witnessed my checking...
Craig Ts
SFR HELOC vs commercial LOC backed by SFR
Can someone share some information about what is difference between SFR HELOC vs commercial LOC backed by SFR ? Talking to friend seemed like both of them are almost same except for following:
Withdraw period - HELO...
Russell Walters
Buying "Estate of" Pre-Foreclosures
Hi all, I've been looking a number of pre-foreclosure properties with deceased owners. In many of them, there is not a relative posted on the property records anywhere and doing obit searches seems like there may be n...
Arcinio Arauz
Question on Jr (2nd position) VS Senior (1st) lien / DOT
So what exactly makes a senior lien senior (1st) and a junior (2nd) junior? When referring to a deed of trust, is it the time/date when one was recorded or the dollar amount ?For example if I take a loan (considering ...