I purcased a property Subject To an underlying mortgage and after the fact realized that I had a 2500 sq ft buildable lot. I have gone through all the necessary steps with the city and county to spin off the lot, re-...

A friend of mine and his wife are moving south to Florida, not to retire but to get away from the cold.  They are both self employed and have been for 30 years.  Their finances are great, no CC debt, fico in the 800's...

I moved abroad 14 years ago and I'll be returning this summer with my wife, 3 kids, and $300k.  I don't have a job lined up and I have no credit or US employment history.  During my time abroad, I filed 1040s but my r...

I have recently retired from the US Air Force and moved back home to Arvada, CO. I'm building up my investment portfolio as well as my Property Management business . I have owned many investment properties during my t...

Dated: June 25, 2008

"Seasoning" for short sale, as compared to foreclosure, is TWO years, not FIVE years as with foreclosure.

I'm amazed...but there it is in black and white in unequivocal language. Now we can sa...

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...

I purchased a rental (single family) in Fort Lauderdale with 2 HELOCS. ($215,000)
The first HELOC was from a free and clear property for $112,000. That is an interest only at 3.75% (adjusted, in Feb it was 5.5%) of 7...

Anyone here asked for a price reduction on a VA foreclosure once it was under contract? Monday I was informed that my highest and best offer was accepted on a VA Foreclosure. My inspection period is 7 days. Listing Ag...

I have a 3/2 2120sq ft at the last time it was appraised. They have added two back rooms since. It sits on .31 acre in a residential Texas cul de sac My main problems. One of the back rooms is a larger bedroom and it’...

So I am taking out an Equity line of credit on my home. I purchased this house for 27,850  2 years ago in all cash. I rent out the basement and am still currently finishing up the top floor. After much sweat equity an...