Purchased my first investment last year in October using creative fianance (owner finance). It was 16 units with a mix of 2 and 3 bedroom townhouses. One of the 3 bedroom units that was occupied at sale has a chair li...
There is a talk about reducing borrower's principal on their loans to help them stave off foreclosure. I would like to know who has to take the hit when a loan is reduced. Most lenders package their loans and sell the...
Newbie here in regards to 2nd lien notes. This came across my email and perk my interest. Property is in CAFMW: $430KSenior Lien UPB: $282,000. Current.2nd Lien UPB: $78K2nd Lien mortgage payment: $599.75No BK history...
Hello bigger pockets community!
My name is Elijah Dangerfield. I have been doing some research but kind find much on it. I want to see what information there is out there on refinancing a THDA FHA loan. I have been t...
If the owner of record Quitclaims the deed to another party, does the note need to be modified as well to reflect the new deed holder? I would think the answer is yes. I'm looking at buying a note where this is the ...
I wanted to post the first part to get feedback from people and the second part is my immediate action items.
Target Market: Anyone who has a house for sale, buying a house or a mortgage. LOL. I think these solu...
Good Afternoon Everyone:
I am looking to buy a property subject to existing financing (Subject To) in the Lake County, Florida area. I was wondering if anyone in either Lake County or the greater Orlando area has ex...
I own this paper and the borrower made a solid offer to start paying $6000 up front and $700/month. He has a 6-figure income and can afford it. Here are the other numbers:MV = $50k and decliningUPB + arrears = $211k...
Hey everyone, I am new to Real Estate investing. I just recently got in contact with a loan officer to help me find a lender. But this morning as I was driving to work, I was listening to the BiggerPockets podcast epi...
I am a 22 year old student attending SDSU and I'm 2 weeks away from closing escrow on a 4-bedroom house. I thought I'd share my journey and make updates as time progresses. The house is being sold at $380,000, which i...