Julian Buick
Non Performing 2nds
Just read an article about the Supreme Court rejecting 2nd lien stripping in Chapter 7 bankruptcies. Was wondering how that will affect the resale value on non performing 2nds.http://www.housingwire.com/articles/34051...
Justin Potter
FHA
I am looking to purchase my first investment property (multi-family) through an FHA loan. I have the credit score, 3.5%, work history, and income. My only delay is that I have a charge off on my credit report. I cosig...
Jody Powell
Possible deal, would like advice
I came across someone who wants out of their underwater house and am wondering if I could make it my first deal. At the very least, I want to learn more by fleshing the idea out. My goal, assuming this is a deal worth...
Jerome Harrod II
Agents say I can't help them, What do You say?
Hey guys/gals, I got a rather difficult situation with a Seller that I need more than my brain on. Now I'm a Real Estate Agent (4 months Old), I don't have broker permission to Invest creatively, but I feel a creative...
Kyle Russell
Subject-To Madness, Not Sure of Options
Hey BP, question for you. I bought a house that was a subject to deal. The owner still had an active mortgage on the property which I have been paying since taking ownership. My issue is the previous owner just contac...
James Boprie
Trusting my gut saved my butt
I would not file for bankruptcy!Six years ago I was young and dumb and in a spot of financial trouble; maxed out cards, defaulted loans, trouble getting work, the typical story. It was a slippery financial slope that ...
Yos W.
Chapter 13 in 2012, credit score 780, rent or pass
A family of 4, Moving from out of town. they filed a chapter 13 in 2012 to keep their house in socal. due to recent job they had to move, will have a contract job for a year at local college. current credit score is 7...
Suresh Batta
Tax sale withdrawn 3rd day of online auction
I'm witness to a recent tax sale withdrawal on bid4assets.com that doesn't seem right. Usually I see all withdrawals happen the day before auction(last day for redemption). For this particular lot sale which was offer...
Veronica Mackey
BK
My credit score is low (540 FICO). About 40K in debt and thinking of filing BK. From a lender's viewpoint, is it less favorable to have a BK than low FICO? Does it matter?
Danny Smith
Need Help with Home Equity Line for 2nd Home After Bad Situation
Hey guys,
I'm looking for serious help as we're looking to get access to our home equity line or (other options) within the next 12-18 months. Our original plan was to purchase a second multifamily home within this t...