Mark Goodall
Potential Solution(s)?
Hi Everyone. I'm new here.
Scenario:
Unexpected landlord with under water property and negative cash flow. Cant refi. It will be short if I sell and negatively impact my credit (and owe taxes since its a rental). I'm...
Eric M.
Hypothetical Question re Foreclosure auctions
I asked this question of my attorney today and he wasn't sure. Said he had never heard of this happening. Wondered what any of you might think.
In my state, after you win a bid at Sheriff Sale, you wait a few weeks ...
Danny Day
Got my 1st Cold Call Listing
I've never been a big fan of cold calling, but the past 3 months have slowed up for me so I decided to give it a try - or a "nothing to lose" mind set.
I went to check out craigslist and found a For Sale By Owner who...
Sergio Ortega
Advice on possible lease option
Ok ladies and gentlemen
Here's my question. I need help structuring a deal I have come across regarding possible lease option.
It's a buddies house he wants out of to move up north with his family around June
1) 3/...
Artem Voznesenskyi
Assessed Value is less (or way less) than Final Judgment Amount
I have been looking for pre-foreclosures on county clerks website. In many cases assessed value is less than final judgement amount. What can I possibly do to approach the owner and actually help? Is there way to neg...
Jerryll Noorden
What do you currently owe on the house?
Hi gang.I am about to give an offer. I got all the info except how much they owe on the hosue.So I ask her if they own the house free and clear or if they have a mortgage.She answers, "we have several loans on the ho...
Noah P Bonds
Should I cash out refi with interest only payments?
I have a lender who has an interesting loan product - thinking about using it for a cash out refi. Loan terms: 40yr fixed, 5.375%, interest only payments are available for 1st 10yrs(that's the part I like). After that...
Antoine Martel
Memphis Conventional Mortgage Investment Property
Hello!I'm buying a rental property in Memphis and it is a turn-key property. The purchase price is higher than the appraised value. Is there a lender who will lend me 75% of the purchase price and not give me a loan b...
Tony Severino
The 3rd Wave Of Foreclosures Starts W Option Arms - In Nice Neighborhoods
AS Seen in Business Insider
http://www.businessinsider.com/here-comes-the-option-arm-mortgage-explosion-2009-5
Subprime is done. All the teaser rates are over, the interest rates have reset and the writing is on th...
Thomas K.
Refinancing Multiple properties
I'm looking to refinance 3 properties to turn one that is upside down into a position that it can either positive cashflow or sell and to put better interest rates on it. The following is a quick snapshop of the situa...