Larry N.
Doing Lease Option Deals with Short Sales??
Hi,
I see several houses that say "Must Sell, Drastic Price Reduction Short Sale Approved". Is there a way to structure a profitable lease option with these type of deals? Thanks
Patricia Cote
Which comes first in a preforeclosure: contract or call the lender?
My first time dealing with a property that has been served lis pendens but not the final foreclosure notice. Seller agreed to let me contact their lender for payoff amount. Do I get it under contact first or call the...
Justin Polston
I have been approached to assist in selling a short sale, but I myself may have interest as an investor (BoA)
Hey everybody, long time poster, first time asker. I'm hoping there are other realtor/investors out there that can help with this.
As the title states, I've been approached to list a gentleman's home that has...
Kama Ward
Short sale obligations
I currently have the capacity to do one or two deals at a time. For various reasons, I won't be ready to expand that for about a year. I'd like to offer on short sales, but I'm wondering about my obligations.
1. If ...
Tom Lipps
Title Company did not include Prorated Rent or Deposit
Hi BP!I'm set to close on my first rental ($82k duplex) this Friday.However, I received the Title Agency's Final Settlement charges and it does not include a Prorated Rent or Security Deposit from the seller (even tho...
E J
Equity and Different Solutions for Homeowner
Ok, so I'm trying to figure out what I'm going to say to homeowners after they give me their property information. It seems as though the level of equity in their property has a big impact on what the seller's options...
Jeremy Harris Jr
First Pre-Foreclosure Deal
If I’m working a pre-foreclosure deal and a buyer wants the purchase the property under the amount owed on the property who ends up paying the remainder. I would assume the seller but what if he doesn’t have that. I’m...
Brandie Lyons
Pre-foreclosure under contract with road blocks.
I have a home under contract that's in pre-foreclosure with no equity and the seller is upside down. I see two options for the homeowner, Short Sale or Owner Financing. Since this is my first contract I want to know ...
Bienes Raices
Making multiple short sale offers
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...
Account Closed
Settlement Offer Received!
I bought a property in May for $250.00 subject to..... a lot. It then had liens totaling over $275K, $4K past due HOA fees, and back taxes of $7K. The seller had filed BK in 2010, included the house, and then moved ...