Xuanvu C.
Cash for Key / Rent forgiveness template (Los Angeles)
Hi everyone,
I'm a landlord in unincorporated Los Angeles area, California. My tenants paid around 20% of the rent during covid.
I'm considering to offer a Cash for Key, or Rent Forgiveness deal. Offering to forgive...
Account Closed
Forgiving the taxes due from debt reduction (short sales)
Bush's speech included a suggestion (?) that people who receive debt reduction in some cases will not owe tax on the debt forgiven.
Note that the IRS already allows this. It could mean that Bush is just restating wha...
Mario Sibayan
Mortgage Forgiveness Debt Relief Act Extension 2015 and 2016
I was enthusiastic when I read an article about debt relief act which has to do with Short Sale. Part of the article from windermere.com dated March 26, 2015:"Senators Dean Heller (R-Nev) and Debbie Stabenow (D-Mich)...
Matt Holmer
Financing property w/ NSP Forgivable Mortgage Agreement in Place
There are two properties in my area that I am interested in. One is a duplex and the other is a 4 plex. Both are from the same seller and both have the same potential issue. Each property was recently renovated city...
John Kim
Forgiveness vs Payment Plans vs Tapping into security deposits?
How are you handling tenants who cant pay the next few months?
ForgivenessPayment Plans Tapping into Security depositsOther?
Which route are you taking and why?
Ceril S.
NJ Neighborhood Enhancement Program - zero interest? 100% forgivable loan?
I was trying to do online research for the section 8 program in NJ and came across this. It could be old news, but figured I'd put it out there.http://www.state.nj.us/dca/divisions/dhcr/rfp/pdf/...It's for stabilizat...
Markeilsha R.
Negotiating the forgiveness of a 2nd mortgage (non foreclosure)
Hello,I'm working a sub2 deal in PA where the owners are eager to move and willing to sell the property for what they owe. The property is in excellent condition (only 9yrs old), they just would like to get it off th...
Lou Forino
forgiveness of rent/sec deposit in exchane for keys
We are in NYC and I have a property that we are in contract to sell, but it must be delivered vacant. One tenant agreed to leave at the end of March in exchange for rent forgiveness. Feb & March, minus 1 mo. secu...
BT Conlon
Looking for advice on how to remove/forgive late payments
Hello all. I'm new to the site. And new to investing. I had to retire from my last job due to injury. While I was out, my wife also got injured. This results in going 90 days late on a second mortgage. I had work...
Adam Schmidt
Advice on 2010 Bankruptcy that did not release/forgive HELOC
Hello BP Community!
Any advice or additional options would be wonderful here. Some family friends reached out to me for advice as I work in Commercial Lending, but unfortunately this is outside of my wheelhouse. So I...