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REO Question
Hi,
I bid on an REO last Wednesday. The REO was listed 27 days ago and currently has renters in the house. The house is immaculate and listed at 199,000. It sold in 2005 for 260,000. My realtor suggested I make an of...
Kelly Williams
FHA multifamily
I am looking at a multifamily property to purchase. I am interested in an FHA multifamily loan. The property I am looking at is a single family home with a separate carriage house that is divided into a duplex. ...
Beau Miller
Buying from Auction.com and Lien/Judgment Survival
I'm looking to buy a property from Auction.com in which the Seller (Bank) has taken back the property, not by official county auction foreclosure, but by deed in lieu. From county records, the home owner that deeded ...
Youri B.
property in costa rica
Hello everyoneI own a hotel in Costa rica and would like to borrow money to build a bigger better hotel. I am willing to put my property in collateral. Can anyone lead me to company or private lenders that would finan...
Gina Cresse
Self directed IRA LLC refinance loan
Hi,I purchased a rental property with my self-directed IRA (all cash) in 2013 using an LLC set up for me by an attorney. I recently discovered I can borrow against the property to get cash for down payments on more r...
Rick Fonseca
child support
If buyer has past due child support, and at time of sale are the proceeds from the sale in danger of being taken away?
Ben Bakhshi
How to protect assets in a recourse loan? Or is non-recourse best
We are deciding between several loan options in the ~75% LTV range.Non-recourse options are ~1% APR higher than full recourse.We are also leaning towards fully amortized 30 year options, as opposed to their 5 and 10 y...
Bill S.
Judgement questions
I am working with a seller who by self identification is in foreclosure. The county foreclosure website has no foreclosure for the property or for her. She has not received any of the direct mail that I would expect i...
Rich Weese
I've never posted this before....MUST READ and SAVE for future
http://banktracker.investigativereportingworkshop.org/
An absolute great site. You need to know who you're dealing with and who might not be around next month. One of my old banks has an assets in trouble of 106%!! H...
Alex M
Short Sale Presentation
Hello all! I'm about to do my first short sale. I've located a woman that is in a bind and she's open to selling her house possibly. I have a meeting set up with her this coming week.
Here's my question: Does anyone ...