Tom Kairys
Can the bank take the money from will?
Hello BP,
My wife’s sister-in law passed away last year after battling cancer for a year. She lived in Lemont, IL. Her will states that her money/ cash goes to her husband 30% and to her mother 70%. Instead of just gi...
Doug Smith
Question about the process of foreclosure
Hi, I'm new. I just had a question.
My house payment got to be too much to handle, I was forced to change jobs, abandon the house, and move south for work.
The foreclosure sale is tomorrow, I wasn't able to avoid it...
Alex Baev
Added value of a new HVAC system
How much value does a new central air system add to a property in your area?
Assuming the house had nothing but a gas wall heater (required by code), and you're putting in a complete HVAC system, with ductwork, compre...
Ellie T.
Mortgage for buyer of sinkhole SFH
I own a sinkhole SFH in Florida. I bought it as a cash flow property and have been very happy with it as an investor. At this point I would like to sell it, and my realtor is saying that it’s marketable only to inve...
Ron K.
Short Sale
House was abandoned for 6 months and has a reverse mortgage $370K but FMV is around $220. For purpose of negotiating with lender:1. Should I get reports/estimates from both Inspector and GC? 2. Should I leave it i...
Luna B.
Underwater rental in California, best way to exit?
I bought a rental property in Clearlake Ca in 2004 for about $125,000 ( A house and studio)I now owe $95,000 on a 1st at 6.25%. CitimortgageIf the house was all fixed up I might get the $95,000, but it is in need of ...
Robert D.
City of Chicago code violations penalties vs lis pendens
Let’s say a property goes to court ordered judicial sale and 1st mortgage gets foreclosed. In general anybody who purchases the 1st mortgage should be fine as far as other liens but …lets say there are also 4 court do...
Trace P.
Who checks that Residential Building Codes are all met?
Hi! It's the first time I am going to be buying investment property in the States. I read about Residential Building Codes, which consist of hundred or thousands of pages and is updated almost yearly, differing depend...
Stephen N.
Short sale 2nd and assume the 1st??
I have found a potential deal I think.
the home is in foreclosure and the auction will be in November. There are 2 mortgages on the property. the first is a farmers home mortgage that is assumable. The second is a...
Braulio Espinosa
1st deal inspector recommendations!
Hey all,I have been looking to purchase my first house hack for some time now and feel that I am close to getting one of my offers accepted. It dawned on me that I do not have any recommendations for an inspector in t...