Martha Blumel
Owner in BK- Shortsale and Deficiency Judgment
I have been speaking to an owner of a property, that I am interested in, who tried a short sale before and Chase wanted a deficiency judgement against him, so he did not move forward with it. The property has been sit...
Kyler Lee
What will executive order mean for landlords
I see where evictions will be prevented in the new executive order, does this mean tenants can not pay and still live in your property? I know the same kind of deal was in place through July and we didn’t face any non...
Vic Reddy
Negotiating Lender Debt due to City demolition
HiWe need some advice on this strange situation. A friend owns a good cash flowing low income Multi family property in TX. This MFH property is 50+ years old and the City wants to enforce recent building codes on thi...
Bryan Nagaishi
Real Estate Attorney - Southern CA / LA
Hi BP members,Does anyone know a good land/RE attorney located in Southern CA that I can speak with?Unfortunately I have two issues. 1. East fence has fallen down - Owner is claiming financial hardship.2. West fence i...
Bhavin Gandhi
Eviction in Cook County of ILLINOIS for delinquency rent
Hello all, I've a rental property in the Cook County of Illinois and tenant is not paying rent at all for last 5 month with out any payment plan in place. Delinquency in the rent amount is now turning into a snow ball...
Felicia Hamilton
Unpaid property taxes
I was looking around at properties in an area that I'm highly interested in, and found one multifamily building that the owner has not paid the property taxes for 2018 (so 6 months past due). The building is not list...
Vidit Maini
Need guidance - Should I rent to some1 w a discharged bankruptcy?
Folks,What are your thoughts on renting to someone who has a discharged bankruptcy in 2014 ? What other factors/items can I check to reduce risk in such a case ?Thanks a ton,Vidit
Chris Gabriel
Negotiating Short Sales
When I have a seller who's property isn't listed, how do I go about starting the short sale process with the bank? Any help would be appreciated.
Jeff S.
Very underwater
Almost related to a young couple that own a condo as a rental that is 60k underwater.
The wife bought it when single as a primary residence at market peak with basically no down. The lender says no adjustment because...
Austin Freeman
Short Sale Dealing with Chase Bank
Hello BP,
We are trying to work with Chase Bank on a short sale. The existing mortgage is around $80,000 and we offered $25,000. We sent a preliminary letter of disclosure for potential short sale and are waiting to h...