Here's a fun story...it's long, but I think you'll get a good chuckle:

We have a short sale under contract, and there are two mortgages on the property, both held by Chase Bank. To get the short sale approved, there...

Hi All,I've been getting a lot of questions regarding the San Diego market in particular and where prices are going etc so I wanted to pull the most recent data to compare last year's January to this one.All propertie...

Since lease options are executory contracts in Texas will lease options fall under the new SAFE act rules?

This is our first attempt at purchasing a short sale and are not sure what the best financing route would be. Property is a condo in NJ. It was listed on the MLS for about 6 months, then lien-holder said they were sta...

Hello,Will you help me crunch some numbers? Say i buy a property for 40.000$ a duplex. 4 rooms in total rent it out for 500$ a month. But the property will need a 10.000$ investment in second hand furniture paint job ...

I have been wanting to scale up my RE portfolio by selling my out of state single family property to my current long term tenants and doing a 1031 exchange into a multi family also out of state. I intend to pass the s...

Has anyone ever seen such a clause in a contract(approval letter with terms) for a hardship based Short Pay, or even for a Short Sale?)"Dear Customer(s):Select Portfolio Servicing, Inc. (SPS), the mortgage servicer on...

Can someone please explain how a 1031 Exchange works?

Has anyone worked a "Split Approval"? I am researching details for friends going thru the Short Sale process in Florida. Forgive me as some of the terms are unfamiliar to me. The 1st (GMAC) has agreed to give a po...

I'm new to BP and REI Scenario: I'm looking at a property that I intend on buying and renting.  It's a 2BR, 2BA, 1145 sqft condo. It is currently in foreclosure, (or pre-foreclosure and subject to probate.) I am famil...