Sendil Thangavelu
Applicant has Bankruptcy --Issue if I rent out my property to them
Hi,
Applicant has good income and job, but ha filed a Bankruptcy in 2015. I see B2 indicating bankruptcy in their credit report as recently as April 2024. What are the implications to me legally if I rent out to ...
Dave Katz
Questions to ask Seller in Bankruptcy
I have a meeting with a very motivated seller on Thursday who filed for bankruptcy in January. Before I can analyze this deal I feel like I need more info, and need authorization to talk to seller's lender and BK tru...
Cali Skier
Tenant Screening: I have criteria that I go by, need guidance on exceptions / gray
Hi
We are screening tenants again. I go pretty much by the bigger pockets formula, some of my main instant declines are:
Gross less than 3x monthly rentevictions, feloniespoor rental historyDogs that my insurance d...
Allison Medina
Bankruptcy fee to be paid by buyer???
Have any of you purchased a short sale where you had to pay the 20k bankruptcy fee? That's a huge turn-off for me. I'm looking at two potential investment properties, both short sales, one sitting on the market 250+ d...
Matt W.
Last minute short sale, how did they pull it off??!
Some quick background: I contacted a man headed to foreclosure back in April 2020. It was a nice SFH, probably worth $300k. He met me and showed me the inside, nothing wrong with it. His wife passed away in the hou...
Barrington Duncan
2nd Foreclosure for a Family Member
One of my family members house haves gone back into foreclosure for the 2nd time . The first time I suggested to file for bankruptcy to stop the foreclosure and it stop it and I got her a lawyer to handle the repayme...
Account Closed
My Property Management Company took $8,000 from us!! What to do?
As it turns out, property management puts you at risk like anything else does. Hard lesson learned. We just found out 2 days ago that the owner of our property management company has been embezzeling all funds from ...
Chris Shuptar
Quit Claim Question
I've tried searching for an answer to this, but couldn't find anything.
I just finalized all of my paperwork and whatnot for my LLC. Long story short, my first rental property is now the first series under my LLC.
...
Ayinde Dick
Does title insurance protect my foreclosure purchase
I I recently won a foreclosure auction conducted by the city of Jacksonville in Florida. I purchased title insurance along with a homeowners insurance policy immediately following the sale. I waited the 10 days redemp...
Tim M.
Offer made - then owner filed bankruptcy
I made an offer on a MF short sale in PA - was a solid offer, at least 85%+ of appraised value. 2 months later the bank finally reviewed it and verbally advised my agent that they would be accepting the offer. We have...