I am a private lender. In 2007 I funded a second mortgage for an investor who had taken a house subject 2.
Today the house value has dropped and the investor is upside-down in the house. To the best of my knowledge...
What's the best way to move properties that are in my name into that of my LLC. I've been struggling with this for a while now. I'm told I should do it ASAP but my mortgages all say that upon transfer of a title they ...
1.) How do you approach a seller about subject-to financing?
2.) How often do lenders call the loans if it has a "due on sale" provision? Has anyone here ever had that happen in a subject-to deal?
Thanks, and I lov...
1. What is a foreclosure in general? IS that when you buy the property and you take on the mortgage? Meaning would you take on the Lein?2. What's the difference between foreclosure and Pre-foreclosure?3. As a rental i...
I recently bought a tax certificate in Russell County, AL. The house is clearly abandoned, as there is no power or water, and the house is completely overgrown. We've also had a sign on the front door for more than ...
A common pitch for realtors looking for listings is to declaure they have a large database of “buyers” they will bring those buyers by to see the property, but often zero proof of its existence.. It’s all sales crap. ...
Hi! I’m new here and new to investing on my own. I worked in real estate in another state when I was younger and had a mentor there. I learned a lot from him but I’m on my own now. We always bought foreclosures or off...
Hi folks, I’m a total newbie so please be gentle. We’re trying to buy the house next door. Owners haven’t paid mortgage in 4 years. We’re under contract with them for an all cash deal but they keep missing closing dat...
I made a short sale offer in June, in the name of my LLC. The short sale was recently approved, but at $20000 higher than my offer price. I went up $5000 on my counter offer but the lender refused to budge.
The house...
I've been reading up on Subject-To sales and they sound good on the surface, but I have a couple questions:1. If I buy someone's house and take over their mortgage payments, they have to move somewhere else, but the m...