Scott Littlejohn
Buying a property for the taxes owed
Hello all, I have a potential deal where the cost for the property is the property taxes owed. The owner told me that the city will take possession of the property in Jan 2020 if taxes are not paid. This is my first d...
Gabe K.
Another loan mod: your thoughts are welcome
Notes fans,I am holding NPN on a nice house in a great neighborhood (not that it matters all the time) where the borrower has equity. Info:MV: $125kPrin + arrears = $103kRate: 9.90%Pmt: $765/mo. Taxes paid.Borrower ...
Oneil Guntner
Paying Past Due Property Taxes
I was recently listening to episode 293 of the BiggerPockets podcasts where Chad Carson talks about his tax lien strategy. Does Ventura County do this? It looked like they list homes for auctions but I didn't see anyt...
Clay Sellers
Am I trying too hard?
I have a seller in his 80s. He is behind 30K in mortgage and has a 40K lien on his home. Current mortgage balance is 600k (not including the arrears-30K) with a 3.5% 30 year fixed, payment $2700. (It's in So. Californ...
Joseph Shaw
First Sale Property Tax Question
Long time listener, first time poster.This should be a simple question, but because it is my first time selling a home it is something I haven’t run into yet. I pay my property taxes personally without going through e...
Doug Haisten
Visit to the Tax Assessor's Office
After doing some Driving For Dollars I had the addresses of a number of abandoned SFHs. I went online to the county tax assessor's website to look up the owner's and their addresses. The first thing I learned was t...
Kimberly Marie
Subject 2 - stopping foreclosure and transferring deed
Hi all,This is definitely a newbie "subject to" question, or questions, but here it goes...Found out my neighbor is two weeks from his home being sent to auction. I have secured conventional financing but that won't h...
Shalom Benton
Riddle me this: why foreclose if you paid cash?
Riddle me this:I recently saw this happen but I can’t figure out what the loophole is....A trust fund baby purchases home #1 in cash for 50k. Lives in it for a few years. Buys home #2 in cash. Moves into it. A year la...
Clayton Hepler
Seller's Assist at 6%, A potential for no money down loan?
If I buy a Duplex property and use an FHA to finance the property, could a 6% seller's assist basically give me a no money down situation?
Example: 350K Duplex and Garage and seller is very motivated.
Down Payment ...
Charlie Koonce
Understanding pricing on a tax sale property
I have found a property online that was foreclosed on because of unpaid taxes. The online price is $13000+, but when I looked up the in-arrears taxes owed, this was about $23,000. I will go to the tax office when th...