I'm considering selling my condo to a previous renter.Purchase Price - 380,000Down Payment - $15,000Senior Mortgage-  208,000  @ 3.5%Seller Carry Back -  157,000 @ 2.5%5-7 Year BalloonI approximate the current ARV on ...

Hi!  I own a second non-performing note on a property in CA.  I'm foreclosing on the property.  If I want to keep the property, am I allowed to go to the auction and bid up the price so no one else will purchase it?  ...

Hello BP Community,I'm learning how to evaluate foreclosures and have a quick question about the trust deeds affiliated with the property. I'll try to lay out the information simply, then ask the question.House was pu...

I’ve been listening to the podcast and watching some of the YouTube videos on BP. I have a couple of financing questions that I’ve wondered this week based on what I’ve seen.
@davidgreene mentioned on this week’s pod...

So I thought I was buying the 1st mortgage here's what happened.2nd Mrg 200K in 2009 - harris bank 1st Mrg 100K in 2007 - harris bank - this is the one that is being foreclosed, but it also has a subordination file.Th...

I recently made an all cash offer (with the help of HML) no contingencies except Short Sale Contingency, and Well and Septic contingency for a house that was listed at $129,000. My offer was $90,000. I got a counter o...

Good morning, I recently bought a property in Pennsylvania at Sheriff's mortgage foreclosure auction. I was bidding on a 1st mortgage. Recently I find out there was a State Income Tax Lien put on a property around 4 m...

Anyone out there with experience of taking a property subject to after purchasing a junior note at a discount?

For example:
ARV : $400k
1st TD: $250k*
2nd TD: $150k

1st TD is in foreclosure.
Contact the bank ...

Looking at buying a property on the courthouse steps in Idaho and would like to confirm if HOA liens are junior to mortgages and property taxes?  If bought on the courthouse steps, is the new owner responsible for the...

Hello All,I am currently an undergraduate at Stonehill College perusing a finance degree and I wanted to ask some people with experience where to start in this business. I have aspirations to be very successful. Last ...