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I'm doing my DD on a 1st position note on a home in GA. This was a 15 year note that matured in 2015. The borrower is deceased and from what I can decipher a relative is living in the home and states she has ownership...
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Newbie here. One of the homeowners in my list told me there's an "invalidate zombie lien" on the property that expires in 2025. Can anyone explain:1: What that even means2: Any advice for wholesaling said property?
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Hi, I currently have rental property with mortgage 6.125% rate. I am considering to refinance it with home equity loan since I only have 3.5% rate on it. I assumed that it will give me good rate hopefully 4.5%. Will t...
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Hello all:
Got a potential note seller wanting to sell one under these circumstances:
Approx 74K face value
7% interest
Balloon due 1.1.2012
Note holder has not called note.
FMV of RE securing note is approx. 80K.
Ask...
I am a relatively new investor. I have three rental properties we are holding onto long term. What are your suggestions, if any, on leveraging HELOC's to purchase additional properties? Are there strategies out there ...
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Hey everyone. My mother owns a home and two 4-unit townhomes. Current situation4-unit townhome 1: principal remaining $523K @ 6.625%. Maturation date 12/36. Rent collected ~6500/month4-unit townhome 2: principal remai...
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Hoping for some help with a plain-english translation of this information from my Community Banker on commercial loans:“5-year fixed rate, 10-year maturity, up to a 20-year amortization. Start rates are around 4.75% ...
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What are the risks to using HELOC's for down payments on investment properties?
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I have about $100k equity in my primary home and we are thinking about setting up a HELOC to purchase a rental property instead of Hard or Private money loans. Looking for opinions?
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I am researching an issue with regards to a loan with a balloon payment that is maturing. I have been told that under Dodd-Frank if a note with a balloon payment is renewed with the exact same terms it previously h...