Josh D.
Short Sale with IRS Tax Lien
Does anyone know what the IRS's standards are for releasing tax liens on properties that are underwater?
I've got an approval on a property at $605K that appraises at $830K. The outstanding first mortgage is over $1...
Connor Heim
Florida Tax Certificate maturation then deed sale...
Howdy! I'm interested in investing in Florida Tax Certificates. I understand that two years after the tax year, if they haven't been redeemed, you can apply for the tax deed sale.I also understand that the certifica...
Zulma Calderon
Sheriff sales-Auctions after you get the sales certificate Questions
Hi, I have bougth 3 properties at the Palm Beach FLorida Auction Sale. one of them did not have a HOA recorded but after I bought it and I called the HOA they said the balance was 15K then because I did't know better ...
Nathan Hansen
Need urgent help with Auction financing
All,
Apologies if this question has been asked and answered before. I tried to look through the messages and could not find what I was looking for. Your help is truly appreciated.
I am trying to buy a property at a ...
Frank Jones
Closing with cash
Up to this point, every real estate transaction I have been a part of included a mortgage company. I will soon purchase my first property with all cash.When using a mortgage, the mortgage company required certain thin...
Julie Doke
Tax Sale
I found an empty house yesterday and after doing research it appears this property has been empty since the owner went into a nursing home in 2007 - she passed away in 2011 and has children/grandchildren so I'm not su...
Martin M.
Calling all reverse mortgage experts!
The facts:I’m looking at a property in foreclosure in IL. In 2010, there was a reverse mortgage taken out on the property for $280,000. Additional details:Page 1 of the Mortgage reads…ADJUSTABLE RATE HOME EQUITY CONVE...
Andy Corran
REO purchase - HOA past dues still outstanding, should the bank clear the balance?
I recently purchased a REO property via Homesearch.com online auction. My Title/Escrow received information back from the HOA that there is currently an outstanding unpaid balance of the HOA dues. The HOA indicated ...
Cal Rohrman
Over 80 liens on 5 units!
Hey guys!Recently, my offer was accepted for 5 units in Eastern Milwaukee. We found these deals off market from a seller who is looking to get rid of 150+ units (SFH & Duplexes). We found out that the city is maki...
Jack Phillips
Need help with mortgages, liens, etc
So I have a hypothetical situation:
Lets say a properties ARV is $550k,
Repairs are $75k,
And Wholesale Fee is $10k.
Using the mao formula:
$550,000*80%-Repairs-Wholesale Fee = MAO of $355k
When I am making my...