Chris Kinder
Buying an NPN with equity at the property level
Hello everyone,
I am going under contract to buy a non-performing note on an apartment bldg in New York City. The outstanding note balance is $235k and the accepted price with the note holder is $200k (84 cents on th...
Newton Boykin
Bidding at Tax sale with one bidder number.
As a long time purchaser of tax certificates in various states and for various entities, I was wondering about the feasibility of utilizing an LLC for the sole purpose of bidding and assigning out certificates to v...
Ryan Huebinger
Reverse mortgage foreclosure
Looking at a reverse mortgage foreclosure that will sell on the courthouse steps. The owner is deceased. Loan said it was for 181k. And originated in 2011.
Given that the bank has not given out the full value of the...
Brenda Sacchetto
Lender takes possession question ???
I have a fairly dumb question. When a house has been foreclosed and it say's,
"The lender has taken ownership of this property through a foreclosure auction for the amount of .." and the original loan on the ...
Account Closed
question about auction.com and hubzu
Hi everyone,I'm planning on bidding in a couple properties I saw at Auction.com and Hubzu. Is it necessary to do a title search on the properties before bidding? Will they be paying off all the recorded liens with the...
Gavin E.
HUD Right of Refusal
If putting a bid for an owner-occupied HUD home, will I still have a right of refusal if once the bid is accepted my home inspector does not like what he finds?
Thanks!
Joe Robinson
Foreclosure with judgement and leins
I’m interested in bidding on a property at auction, but it has two judgements against it on the title in addition to the primary loan.Is this something I should be concerned about? I’m ok paying these if I have to, ju...
Daniel H.
Contracts
I recently signed a contract to have some work done on my buildings. I paid 50% upon signing the contract. Before even starting the job, the contractor is saying he talked to his engineer and the job is going to cos...
Matt Hudson
HELP! Foreclosure Bid Process and we've got a SQUATTER!
A realtor sent me a foreclosure listing today that within 7 hours had 6 written offers. This is not surprising as Nashville is a hot market. I like the way the numbers are looking and am ready to make an offer. I'm he...
Hami Hot
Attorney won't return deposit
Attorney won't return deposit!
Hello everyone,
Buying: I have been reading for long time, and finally made my move last month. I placed several bids on a townhouse, and finally got it for 123k. 6k needs to be pa...