Has anyone had a tenant whose rent is being paid by an insurance company? I currently have a tenant that was placed in a property for 6 months when I had a management company. I am now managing the property myself and...
My partner came upon a possible short sale deal today totally out of the blue. Found a homeowner who has received an eviction notice after living a house for 4 years. Said his monthly payments went from $500 to $900...
I am buying an old house built in 1953 that has problems. The house is slightly settling in the back and the plumbing is "iffy". It's basically a lemon and if I get an inspection performed, it will not pass. That bein...
Do a lot of closed short sales result in the sellers still being on the hook for all or a portion of the shortfall? For example, would a home selling for $200k with a loan amount of $370k likely have something like th...
Hello all,
I'm a member from AZ, but have a brother in NJ with a complicated issue. Small house, $6000 left on mortgage with 1st bank. Equity line of credit with 2nd bank. Brother doesn't want the house any longer...
New Foreclosure National Moratorium - How does it affect short sales investors whom flip them.
I am just getting started going after short sales to flip them to other investors, so am I too late here and missed the b...
Ok so if a homeowner comes to an agent to SS. An agent that I'm already working with. Can that agent just go ahead and represent me and the homeowner would be unrepresented? I just spitballing here, I haven't run t...
Any books or online resources?
I entered into a short sale contract June 3, 2016. The bank has taken a long time to approve and now they say we need to close in 3 weeks. The seller is now concerned that he may have income tax liability on the amo...
We are deciding between several loan options in the ~75% LTV range.Non-recourse options are ~1% APR higher than full recourse.We are also leaning towards fully amortized 30 year options, as opposed to their 5 and 10 y...