Richard Alvarez
Tenant Bankruptcy -- delaying w Skeleton Bankruptcys -- 3rd party taking over space?
I need help and hope someone has tried this before. I have a tenant that has not paid for over 6 months rent (becoming dire), they continue with first a Skeleton Bankruptcy, followed by not completing the paperwork pr...
Sanjay Patel
Foreclosing on a LLC borrower who has filed for bankruptcy?
The scenario is the following:as a private lender, I have a 1st lien on a property (in washington dc) to a borrower who is an LLC - and unable to make payments. I am going thru the non-judicial foreclosure process to...
Daniel E.
Borrower Fighting Foreclosure: Part 2 - Mediation Request
Borrower has now requested mediation. What should I expect with this?We have long been proponents of renegotiating the mortgage. But the delinquent property taxes are too high.Borrower's take-home pay is ~ $1,500 - $2...
Michael Plaks
How to get $100k IRS refunds without those fancy tax strategies
Hey, BP tribe,I stumbled upon a truly fascinating recent court case: https://www.leagle.com/decisio...The case itself was devoted to a rather technical issue known as innocent spouse relief. Basically, the IRS was try...
Matthew Carlton
Right to enter rented unit for inspection of tenant not paying
I bought my first rental property a little over ago. At the time of purchase one unit had a tenant on a month to month and I agreed to let him sign a one year lease. Long story short been a long year with this tenan...
Michael Dombrowski
Need help on these two issues: SCRA related and Potential Tenant Inquiry
Hey gang,
I am in a predicament. I have a tenant whom singed an 18 month lease and due to circumstances he could not control, he had no choice but to join the armed services to help provide strong healthcare for che...
Todd Willhoite
Short sale and income tax consequences to seller
I entered into a short sale contract June 3, 2016. The bank has taken a long time to approve and now they say we need to close in 3 weeks. The seller is now concerned that he may have income tax liability on the amo...
April G
When a bankruptcy start a pre-foreclosure over, is teh amount owed put into the bankrupty or is it not allowed to be included?
I know someone who is planning on filing for bankruptcy before the sale date on his pre-foreclosed home. Now, is he allowed to put what he owes to the bank on his bankruptcy? Does he get to pay less on his defaulted p...
Ryan Moses
Are we seeing the last of short sales?
One of the incentives of a short sale was that you got a tax break based on an act passed by Congress in 2007.
Short sales are classified as debt forgiveness, therefore in a normal situation homeowners would have t...
Joe Splitrock
CDC Eviction Moratorium Extended to July 31st
As expected the CDC extended the eviction moratorium a month to July 31st and I suspect they will extend it again in a month. The reason cited is basically that some state governments have been ineffective and distrib...