Just had a sale fall through because the seller did not sign on the contract date. My rate lock expired the day of closing and since the sellers were no shows, we decided not to purchase the property. As far as I und...
A few years ago I sold a rental with a wrap. Due to the buyers (now owners) credit and self employment he cannot get a loan so he wants to pay off the property in full. He owes me around 89k and my loan is around 48...
Hello fellow BP'ers, I am new to BP but am not new to REI. One thing that I've never experienced in the last 17 years of doing REI is a seller that refuses to go to the closing table. I've got a fully executed contr...
I may be about to get 5 properties quit claim over to me and if I do I am going to get them free and clear via quiet title. The workaround I need is I think some or all of them have small mortgages on them that the ow...
Greetings all. I somehow got stuck with one of the worst mortgage reps. in the world. Guy took forever to do basic tasks associated with a buyer's loan I gave him (I'm selling a rehab to a buyer and sent her to him fo...
Hello my fellow investors.. I have an interesting situation with a bank owned property! I was suppose to close on November 1st, 2019, after learning that there was a $9,000 dollar lien on the property the closing was...
My direct marketing led me to a homeowner with the following situation:He went through a foreclosure several years ago; to which he thought he lost the home, and then it sat vacant for four years. He apparently still ...
I have a 4 plex I am working to fill and have an applicant with a criminal history. The applicant has good credit, money to pay rent with no issues, a good job, and good reference from last landlord. Issue is was con...
Folks,Just a question has anyone ever experience a situation where you have owner financing and you have paid the entire term to find out that the owner is deceased? So you pay into a fix bank account for 20 years an...
I'm looking at purchasing a property here in Tampa, Florida. The owner has 16 properties. An IRS lien was filed in 2011 for $176K. But it was not attached to any property. It was just a general lien against the owner ...