Here is the scenario. The condo has a first mortgage for 156k with BofA and a second for 29k with Green
Tree. The loans are baked by Freddie Mac. The condo is only worth 50k at best and is rented for $895. PITi is @ $...

I have a family member that is an owner-occupant of a duplex and has a mortgage that is underwater. They have one tenant, they are keeping up with the payments and would like to keep the property.
- The property is...

Anyone ever done a 1031 exchange on an underwater property?  I'm currently researching it and would like any advice / experiences of the members here.A little background ; I have a condo - bought as my primary residen...

Every governmental agency and insurance industry media has said the insurance industry can not withstand the growing storms due to climate change. They estimate waterfront and water adjacent homes will become uninsura...

I currently own a condo I bought in '09, which is underwater. My fiancee and I are looking at larger homes and are pre-approved and bidding on an REO to make our primary residence.

Other forum members have...

How do I buy the following house the right way?

End-unit twin in Phoenixville, PA 19460 was on-market in Spring 2013 for $139.5K in challenged condition. Sat for 260+ days, moving on and off. Believe seller g...

Hello everyone, I want send out postcards to properties over under aka properties under water. Does anyone what type of list I would need? For example I went to usadata and messed around with the list function, but th...

I have a guy who is willing to let me take over 2 properties 'subject to' the existing financing. They are rented  out and he is just tired of dealing with tenants. The problem is that he owes more than market value o...

Interesting article on Fax News today about housing, particularly in the Northeast. Does any BP'ers living in these areas, see this info as jiving with their local analysis.  10 Cities In Danger Of A Housing Crash Thi...

Hello BP community,I recently ran into this idea of a 1031 exchange on an underwater property and was hoping to find out more about how the process works along with the requirements for being able to do so. If anyone ...