Sam Leon
Bankruptcy, Foreclosure and Short Sale
There is a property I looked at, where a bank was originally scheduled to take possession of it via a foreclosure auction in Sep 2013, then the owner filed bankruptcy to stop the foreclosure, then the foreclosure w...
Kirsten Milliken
Celebration--- HELOC application in BAM!
I have been reading, chatting, researching, and connecting for a few months now... I currently own my primary home in Maine and another rental in Chattanooga. Today I took the step to actually go to the bank and get ...
Chris M.
8 Commercial Units in Hot Zone
Had a motivated seller call to sell her recently built commercial units. Has 2 buildings with additional 2 approved. Then, found the owner of the vacant lot next door. He's willing to sell too. Attached is the breakd...
Erik E.
FHA LOAN FOR A OWNER ACCOMPANIED QUADPLEX HOME
OK! So I got approved for my 1st loan this week & was highly excited! The interest rate was fantastic & it was a FHA
loan. Long story short I'm only looking to purchase a quad-plex home
owner occupied. App...
Robert D.
loan agreement cook county IL
Cook county ILI know couple of investors/rehabbers who need short term financing and have free and clear properties. I will prepare a simple loan agreement (and release) that I can record, once they sell the house, I...
Tyron McDaniel
4 Closure Auction tomorrow - can't get Payoff/Reinstatement #'s from US Bank?!?! (Ideas)
Here's the skinny...Pre-Foreclosure - FHA loan @ 59,872 balance(7 months behind on payment - Co borrower passed)After FINALLY getting through the Signature Authorization approval process they have at US Bank... (geez,...
Sam Khoshnavaz
First time home buyer w/ questions on FHA financing for Househack
Hello BP community:I'm considering purchasing my first property, hopefully in the next 3 months. I'm considering going with an FHA loan and house hacking this property. What I'm looking to get is a 4-plex around 200-...
Ryan Sanford
Financing for an Independent Contractor
Greetings all. I have a quick question about financing for my very first property: I'm wondering how hard it will be to find a local bank to approve me for a loan to purchase my first property. I made $36,000 last sum...
Peter Lee
Automatic Stay for tenant that just filed Bankruptcy
I need your help guys,
I live in Las Vegas NV and this month, my tenant was late on her payment. So, I served her with a 5 day pay or quit.
Today, I just got an email from her attorney saying that she just filed ...
Rich Hupper
Mortgage and Bankruptcy
Can someone tell me what happens when a mortgagor files bankruptcy before a foreclosure auction takes place. Is the mortgage wiped out? What generally happens to the property securing the loan?Thank you