Brooklyn A.
In CA, Seller Fails to Perform and Demands to Close Escrow
First time post, long time lurker. Please excuse if this is on the wrong board.
We have a purchase agreement in escrow for a property in the city of Los Angeles. The property was going through probate and the sellers...
Mark Gallagher
Diary - Buying a non-performing note NPN from start to finish
For the past few months, years perhaps, I've been trying to soak up knowledge in the area of note buying. It has been especially intriguing to me since my partner and I handle a large volume of foreclosures and I get ...
Danny N.
Need Feedback on Single Family Home Rental Performance in Bay Area
Hi everyone
I have an investment property in the Bay area (South San Francisco specifically) which I'm currently renting out to long-term tenants. It is a 3 bed/1 bath single family home and has a sizable backyard.
...
Dustin Long
Lender is under contract, but is refusing to perform, causing problems
I contracted with a private lender who also has is licensed mortgage broker. He is refusing to live up to his end and provide the financing, which has made my payoff for the refinance to jump from $118,000 to over $13...
Sandy Uhlmann
Does a non-performing note have to be with a servicer?
Do all non-performing notes have to be boarded with a servicer BEFORE they are worked out? The non-performing notes have some of the highest monthly fees. (usually around $30/month) For non-performing loans which ma...
Tanya Miller
Non-Performing Note Buyers in NYC - Is this a good deal?
The current note holder is a Private Money Lender This is a preforeclosure property. A receiver is in place and collecting rent from all (6) tenants.All (6) are current on their rent payments. Unit 1 - $884.76 Unit ...
Maximiliano Rodriguez
Suit for Breach of Contract, specific performance, and Trespass try Title
I am Buyer A, who purchased a house requiring extensive repairs from Seller Z. The deed is currently under Seller Z's name, though there is a purchasing agreement between us. After the house was repaired, Seller Z ref...
Josh Akins
Is it possible to perform the whole process of wholesaling remotely?
Is there anyone who wholesales deals without visiting the seller or property in person? If so, what has your experience been and is it difficult?
Joe Bueno
How to determine what price to pay for a performing note
I flip mobile homes in california and florida- we now want to sell a few performing notes we're carrying to generate expansion funds more rapidly. We have a very strong 10 year, 9% note for a principal of $60,000. Th...
Josiah Horn
One tenant moved out suddenly leaving non performing tenant in property
Background: purchased property with inherited tenants. Tenant had bf living with them I made bf sign lease amendment to be on lease. Tenant informed me they would be leaving February first. (M2M Lease)A couple days la...