I'm under contract on an existing single family in Billings, Montana. I already own an existing multiplex here in Billings (and apparently that property is like finding unicorn farts). My question is, if I wanted to f...
Hi All, My husband and I were under contract on a Virginia home -inspection, appraisal, financing all ready to purchase- then found out that the seller's mortgages + judgments came to more than our purchase price of $...
Distressed Property question via " How to make the Deal work " ?? Hi,I need some help please on a likely upcoming Distressed Property that will be for sale , and how the Deal would work The Current situation:The Prop...
Can it be done?
If so how?
I was not sure of the legalities involved... might be different with different banks/lenders etc.
Thanks
Who has completed a successful closed Short Sale with B OF A this year in CA? An arms length regular owner occupied short sale to a owner occupied buyer? How long did it take?
So long story short, my fiance and I are buying a foreclosure. We're working with a lender called "Prospect Mortgage" who has a local office in our area. The name recently changed to "Homebridge Financial" I believe. ...
I looking at a property and the owner lists it at a 12% cap rate. I did my math and the real number is closer to 8%. The property is class B or C. I am new to this, but it isn't prime and isn't terrible either.When ...
I purchased a four unit building early this year. Part of the down payment was borrowed using a 2nd mortgage against another building, so my real equity is lower than the building value less the 1st mortgage. Financ...
what is the difference between and option contract and a standard purchase contract? which is better to use for short sales?
If you're only looking to buy one house, is there an issue with making several offers on different short sales and then when one is accepted by the bank backing out on the others (after the seller(s) accept, but befor...