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I am closing on a Triplex in Aurora, Co this week. One of the tenants has 6 months left on their lease, but needs to be removed. The other tenants have witnessed drug deals, her apartment is filthy/borderline hording....
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Hey is there anyone on BP familiar with the actual process of wholesaling a REO occupied property? I ran across the property today while scrolling through a nice neighborhood here in Atlanta. I wrote down the addre...
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Short Sales Plan closer to finalization
According to a US Treasury spokeswoman, The Treasury will soon finalize the long awaited plan to expand its incentives for mortgage companies to use "short sales" as a way to s...
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Hey guys,I have what I believe to be a good deal in central florida however I'm not 100% sure! Hopefully you guys can help me out with this, I really need to know how to analyze this asap so I can secure this deal!Pro...
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I am not trying to get into Mortgage fraud here but my question is this. There is a REO deal I am interested in that just came on market advertised as owner occupy offers only then investors can come in after 21 days...
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I am in the process of buying a flipped home. They made over 250,000
on the flip. There was a sign on the wall in the kitchen saying that a
Jenn-air fridge would be coming the next week when we made the deal. We
...
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I have a USDA owned foreclosure under contract in Southeast Texas and I cannot find a title company to do the closing and issue title insurance since USDA will only convey title via Quit Claim deed. I have closed hu...
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I noticed that a good portion of closing costs come from the lender (a credit union or other institution). Application fee, credit check, lender's attorney fee, all come from the lender. That being said, if I have a p...
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Up to this point, every real estate transaction I have been a part of included a mortgage company. I will soon purchase my first property with all cash.When using a mortgage, the mortgage company required certain thin...
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Hi folks,I am sure someone out there knows the answer to this... What are depreciable closing costs?I think this means the seller is trying to get the buyer to pay for the depreciation that he has taken on the proper...