Joseph Ziolkowski
Is it possible to short/modify a heloc in 1st position?
Hi all! I have a deal that I am working on, and am strongly considering contracting it as a sub2 to wholesale. It is a probate property, and the mortgage is paid off (great, right?!) Only thing is, the owner took out ...
Patrick Gallagher
Tenant left @ end of lease, but has unpaid rent - modified renter
Hi all, this is my first post so will try not to botch it.Also first time real estate investor and first time landlord. Teamed up with my fiancée. We just recently closed on a duplex in Cleveland, Ohio a few months ag...
Ryan V Hill
Source for HELOC after 5 yrs BK and HAMP modified loan
Trying to find out if anyone knows a source for a HELOC or line of credit for a home 5years out of BK (champter 7) with a HAMP modification in February 2016. History of on time payments for every month of the HAMP. ...
Cin Ng
What to expect at Sheriff Sale if modified loan is underwater?
I'm new to all this, but what if it looks like the loan was modified and then defaulted on? What is bank bidding protocol (in Cleveland area)? It seems most cases are bought back by the Plaintiff bank. Could there b...
Peter Christensen
Tenants broke up with each other - now want to modify lease
I am self managing a SFH in St. Paul, Minnesota. The tenants are boyfriend/girlfriend and under a 12 month lease that started July 1st and so far have been all star tenants. They pay on time, they notify when things...
Byron W.
Cost to replace a flat roof in Chicago about 1350sqft?
I had a roofer come by in December to fix a leak and it appears the leak is back. They gave me a 1 year warranty but when I spoke with the guy on the phone, he was making it seems like he did all he can do and my only...
Account Closed
Accessible housing rental suggestions
My mother in law broke her hip last night. She lives in Lacy Wa, about 2 hours from Seattle. It’s likely that she will be wheelchair-bound for the rest of her life. Does anyone have suggestions regarding how to search...
Al Kirk
Mortgage Note Arrears
For the experienced mortgage note buyer....My question has two parts:1.If I am purchasing a non-performing note do I add the arrears as fees to collect from owner when modifying the original note?Just a scenario:last ...
Joshua Dorkin
Obama's Mortgage Plan - MakingHomeAffordible.gov - Is It Working?
This post isn't intended to be a political discussion. I'm interested in hearing if anyone has had success getting their loan refinanced or modified under the Making Home Affordible plan?
If you, your clients, or an...
Sherry E.
wraps balloons and loan modifications
sold a house in 2010 before Dodd Frank was law. The loan has a balloon on it due very soon. Buyer is unable to refinance out. Ideas anyone? Can the loan be modified ? thanks