As the middle man in a wholesale deal, what legal fees am I responsible for? Title search/closing etc. I have a signed sale agreement and notorized memorandum I am sending over to a closing attorney in the morning. I'...

My grandfather passed at the end of August with a reverse mortgage in excess of $850k on his home that was recently appraised at $585k. HUD has informed us that they'll accept a short sale for 95% ($557k). I had the t...

Hi everyone, 
I have two properties that are under contract and will be closing in the next 20 - 30 days. 
We thought we may keep one as a rental but received great offers on both that we wanted to move forward with...

Hey BP,

So I just had a bid accepted by the seller of a short sale property. Being a newer realtor, I am somewhat familiar with the short sale process but was curious if anyone can offer any insight from the ...

Don't have any experience with mls-listed short sales, or any short sales for that matter.
Found an owner-occupied condo SS that is listed for almost 4 months (as of today). Initially listed for 135k, now at 89.9k. Fo...

Hi,I wanted to get advice on buying a pre foreclosure. The person is asking $160,000. Realty Trac shows that the mortgage is for $130,000. I plan on going to the recorders office tomorrow to find out how much the judg...

While I understand that that when dealing with an FHA Buyer, I must hold title to the property for 90 before selling it, my question is if the property has to be held for 90 before the property can close, or before th...

Hello good folks of BP,I have a problem on my recent property sale. It goes like this...I sold a rented 4-plex in Arizona to a private buyer. I used a property management company to manage this property for about 3 ye...

I'm in Utah and trying to wholesale a 4plex to a retail buyer who needs to buy the property with a loan. I have it under contract with me as the trustee. Where I'm running into trouble is the bank (this is a short sa...

Seller has SS approval letter but buyer wants copy of it. Does anyone have experience in buyer receiving the sellers letter? Buyers will feel more comfortable to do inspections so they can go to closing.