Hello yall, What is the best way to make/format a loan if there is no physical property attached to it. For example, giving a loan of $15,000 toward the repairs or purchase of a potential property? What type of contra...
I'm considering a 4 unit property. It is 2 duplexes with attached garages. The property is in great condition in a desirable area. Purchase price is 300K. Gross income should be around 36k per year. Taxes are 9k and i...
Hello,Purchased a property from the county auction, comes to find out i paid off the HOA foreclosure. there was a mortgage attached. I am in talks with the lender (Wells Fargo) to satisfy this payment. If i satisfy it...
This may not be an opportunity, but wondering if anyone has any experience reselling foreclosed land to end buyers?
My literal question: I found land offered by my county that did not sell at foreclosure auction so ...
I looked at a property that is a bank forclosure asking price $116k. I wanted to make an offer full price with financing . I was told by my agent,that" the property has muliple cash offers, the selling bank was goin...
I recently won an auction on a popular foreclosure auction website. The house that I won sits on two lots. The majority of the house is on the primary lot but the attached garage and part of the basement extend into...
I would like to credit back a portion of my buyer's down payment on a house, say a few days after closing. We'll then write a promissory note for the amount, maybe attached by mortgage (if not, a lawyer said attaching...
What’s the route to go to obtain proof of funds and do u need a registered company attached
Say you take over a property Subject To and have been making payments for years. The real owner of the property gets an IRS lien. You get screwed.
Hi,
I'm interested in a REO that's about to come on the market. I have done a personal inspection and found numerous problems. Should I present my report with my offer or wait to see if the bank counters,then present ...