Peter Hanna
Help - Trustee Foreclosure?
Hi BP members. I asked this same question in general Q&A forum, but couldn't figure out how to delete it and move it here.I've stumbled across a property in a status that I am unfamiliar with so far in my educatio...
Paul V.
Chicago Condo Conversion Pre-construction Flip
Investment Info:
Condo fix & flip investment.
Purchase price: $118,500
Cash invested: $6,000
Sale price: $132,500
2 bedroom condo in Rogers Park neighborhood of Chicago. 81 walk score that ...
Timothy Frazier
Ever write a letter to an owner?
Have two properties I have been trying to chase down for awhile.One is a house that was badly damaged in a fire in 2015. Sadly the owners were older and the wife was very sick and did not make it out. Husband was not ...
Ann North
Hi, here to solve our Cali property problem & not get screwed!
Hello! I'm new here. We became accidental landlords when my husband was laid off and we had to move out of state for a new job. Then I had to learn things I never thought I'd have to learn. My husband works all the ti...
Ro B.
Boarded up home in my Neighborhood
Newbie here...There is this home in my neighborhood that I have been watching for a while. Taxes have gone unpaid for a while. The owner lives there but the home has been in bad shape. I drove by today and I see that ...
Daniel E.
Deed-in-Lieu Timing - how to avoid liability in reaching out
Question for the experienced npl / npn / nonperforming buyers.We purchased a note that is 5+ year delinquent with significant delinquent property taxes. The county requires 25% down to start a tax payment. Due to this...
Christopher Morin
Creative Sub2 Deal
Alright so I'm on the precipice of taking on a Sub2 deal that is just tricky enough for me to question if I'm able to pull it off...Lis Pendis has been filed already. The home is in arrears by about 11k, and has a to...
Account Closed
Taxes assessed 2006 values??? Help
So I sent the form in and should get a hearing in a few weeks to try to get my taxes reduced. I am buying the property for 45k and it is assessed at 110k I also have recent
Comps to prove it my question is they said i...
Christine L.
How to approach Lis Pendens in High Income Area-Experts please chime in
I'm looking to purchase in a igh income area for the school district. The average Home Price is over $400K. How would one approach the Lis Pendens in those areas? Letters? Knock on the doors? Ideally I would like...
Eugene Rogachevsky
How Do I Appeal $14,000 Property Taxes?
I'm in California and I just closed on a couple of properties in the Chicago area and the taxes are incredibly high. I knew this going in but both were good deals regardless. The triplex is currently (or in arrears) ...