Hello CTC,

I have a concern. I recently had a short sale approved in California through B of A and the buyer wants to close asap. I got a letter from B of A stating "BAC Home Loans Servicing, LP...

Hi,

I know someone who is through a short sale, as a result, his credit went from 750 to now 540. He is concerned with what's going to happen with his credit when the short sale is over.

Other than the foreclosure ...

Hi All, I have found multiple threads on here regarding wholesaling a short sale property but a lot of them seem to have mixed reviews whether this is legal or not and most are those who are doing it are outside the s...

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $92,000

Cash invested: $15,000

This 2bedroom 2 bath condo was a short sale. It was listed at $82,000 after 6 months...

So the owners of the place my wife and I are renting want to do a short sale because they can no longer afford their mortgage payments. (They bought right at the peak and paid twice what the place is actually wor...

One of my employees told me today that her mom is planning to let her house go into foreclosure. She states that her mom wants to buy another home before starting to miss payments.

Now, I see this as an opportunity. ...

I have 2 short sale deals in the pipeline.

Both have purchase and sale agreements between myself and the seller. (The ab part)

My question is.

I will have a cash buyer lined up to sell these properties to on the sa...

I have a Quadruplex (4units, 6bed, 4bath) in Bedford-Stuyvesant , Brooklyn for $500k. Great income property to rent $1,500 a month. Building is worth at least $800k. The property is 3,871 sq feet. comps:
Recently sol...

Any investors out there getting cash back and/or seller's credit on short sales? I am trying get all closing costs and a bit of repair credit. Realistic or not?

I'm getting ready to start a short sale package. The owner has a first mortgage of 344K (including back payments, lawyer fees, etc) and a second HELOC of 135K. House was appraised in September of last year for 620K. H...