I have been saying for a while that I don't foresee the mortgage forbearance and foreclosure moratorium turning into a foreclosure crisis. There are three reasons:
1. Some people have the money ,but took forbearance ...
When buying a recent property in New Jersey, I was personally inspecting the property with the realtor when I began to make small talk with the current owner. He was upside down on his mortgage, and had come to accept...
Home owner, who is represented by an attorney, has filed for foreclosure 9/20. Paid 155k back in 2006 for the property. Actual value now 190-210k. I contacted the attorney and left a voicemail with his assistant, but ...
Hey guys, I have run into a problem I have never been through on this SS and I was wondering if any body has any advice on what I can do.
Heres the story:
I started the short about 4 months ago. Property is a two fa...
Newbie wannabe investor. Had some thoughts but after a few posts, I may need to step back and re-evaluate.I am finishing HELOC, for about $140k. also have about $20k in cash reserves. I live in Atlanta, and most avai...
Hey Everyone, Newbie here trying to get some clarity on "gator" lending. I know, it's the flavor of the day, but it at least got me to to perk up. That said, I'm either missing something or this is another snake oil s...
Hi all,I've been having a hard time understanding some pretty fundamental knowledge in real estate. I've read some posts about the importance of equity in a property, especially for wholesaling and flips, though my qu...
I am thinking of paying cash on the house then getting a home inprovment loan to fix it and rent it out as the home inprovment loans are at a lower intrest rate. any advice ?
I am hoping someone can give me some advice and I hope I am wording it right. There is a house that maybe in foreclosure (or pre-foreclosure statue). The mortgage holder leased the house on a lease to own basis. The t...
I was wondering if anyone had any experience in financing a HUD home to an owner occupant? I offered to finance a HUD home to a friend/handyman who never thought he could afford a home/be a homeowner. We found a ho...