Here is one where I have reviewed this with 4 attorneys and none of them have seen this. A HELOC on a property whereby the seller sold the property and the lender agreed to a short sale. For simple terms lets say the ...
What should I expect my credit score to drop down to if I have a foreclosure on a couple of investment properties. I have a score of 769 now, am I looking at completely wiping it out?
I'm getting really close to the exciting part of a WaMu short sale.
Are you guys still getting properties at 80%-85% of BPO with your cash offers?
In NYC can the second mortgage continue trying to collect after the short sale? How can a person stop continued attempts to collect?
I have a friend, going through a divorce, and wants to sell the house because it is underwater, with a mortgage and second mortgage that are approximately $50,000 less than current market value, plus about $20,000 nee...
When is the best time to secure insurance when the property is an REO with obvious deficiencies such as active roof leaks, broken windows (secured by plywood by the bank), missing kitchens, swampy pools etc...
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When/why would you use a Trust Deed/Deed of Trust instead of a Mortgage and vice versa?Is there any advantage to Trust Deeds?Is the Trust Deed transaction handled differently than a mortgage?Is a Trust Deed transactio...
I have several second liens that were wiped out when the first foreclosed. I would like to find an attorney or a collection firm that can assist me with getting a judgement against the borrower(s). I realize that thi...
Most of the houses we've done so far are under $400,000. I have a homeowner that just called that bought a home for 1.2 mil and owes $800,000 and some change.
Because she paid over 1.2, can we short this? I thoug...
Hi, My property in California, is appraised approx at $320,000 and my 1st balance is approx $360,000. My second is for approx $73,000. I've stopped paying the 2nd and I'm trying for a loan mod on the 1st. Would the 2n...