Ron Lamb
Wraparound Mortgage question
I’m purchasing my neighbors house with a wraparound mortgage from my Lawyer. How will this count when he tries to purchase a house in 5 years elsewhere. He does have an existing mortgage on his home. I will be renti...
Victor Oben
Wholesaling the land on a burned down house
I have a homeowner whose house burned down. It's likely a teardown. He currently has a mortgage in place, and is going to be getting a check from his insurance company. If I wanted to wholesale the land to another inv...
Nischal Belthangady
Home Mortgage Interest Deduction reduction & affect on CA RE
With the proposed reduction of the Home Mortgage Interest Deduction to $500k in the GOP Tax plan, wondering what the affect will be on Real estate in States with High Home prices: CA, NY, NJ, HI etc. Appears that this...
Cutter David
Can I wholesale a home that has a mortgage? How does that work?
Wholesale a home that has a mortgage. How Does That Work? Is it just the same as if the owner owns the home free and clear?
Dylan Earl
Timing Refinancing question
I have a quick question (or two) regarding getting refinancing!1) Do I have to wait until the end of the term of my mortgage to refi? 2) How is the equity paid out? ie. Existing mortgage of $350,000 Valuation of $400,...
Kyle Keller
Subject to in Oregon
I'm wondering if anyone has done a subject to closing in Oregon and how thats worked for them?I have a potential deal where a subject to closing could help get the deal done but unsure how I would be able to pay off t...
Account Closed
Lender transfers mortgage
I have an existing mortgage and the lender turned it over to another mortgage company to service the loan. Apparently this is their routine practice with mortgages for rental properties. I don't care either way, but...
Bryce Y.
Sub2/Wrap - If the underlying note gets called...
As I understand it you, the investor, have 2 options: 1) have the end buyer refinance, or 2) pay off the underlying note in full.For scenario 1, how much time does a bank give to pay off the note? It will take typic...
Troy Gravett
Buyer defaults on subject to?
What happens if a buyer buys a house subject to the existing mortgage and then defaults on the loan while its still in the seller's name?
Does the bank proceed like a normal foreclosure and send a NOD to the seller w...
Barry Ratliff
Subject to purchase with extra lot Central Tx. Wholesale? Hold? Resale?
Property located in 76513 Belton Tx.
$740 piti (seller is current)
$74000 payoff
$84000 mkt value
$8000 value of vacant lot that is surveyed in mortgage
Subject to existing mortga...