Peter Schiff
Feedback on harsh mortgage terms
I have received a mortgage offer with the wording of covenants and default looking very harsh. Can you share you opinion on what you think about these? --------------
10. Borrower covenants and agrees with Lender tha...
Debbie Sciarrino
Courthouse step purchase but 2nd lien on title
Purchased a house on courthouse steps, I knew it was the senior lien, and had a jr. against it. Junior LOC should have been wiped with foreclosure of senior lien, right? But title company is saying the JR lien throu...
Mary Winter
Need Help With Security Deposit
Hello BP community!
The tenants of my property moved out and they totally trashed the place. My PM is irresponsible so I terminated the contract with him. The PM said the security deposit is not enough for all repair...
Herm M.
What to do with a high BPO?
What tactics can be used to get a property after it's been BPO'd for full FMV??
Have the listing agent tell the bank that the BPO is off?
Type up a letter to the lender and show them low comps? Request a new BPO?
Michael Zagorsky
Next action on lead (4 years behind on taxes, almost no equity)
So I'm new in real estate investing looking primarily into getting into buy and hold. I picked up on the following lead. Right now as a newbie I'm thinking this situation is not something I can move forward with but...
Alexander Timberlake
Filing for Homestead of 1st property - Houston, TX
Hello,I recently bought my primary residence located in Houston, TX (Harris county) in February, 2016. I would like to claim this property as my homestead. I have learned that there are two main advantages:1. I can wr...
CO Yilmaz
Can Agents Block Offers
Hi BP Florida Forum,I have a strange situation and I wanted to know what your thoughts were on it.I've signed up with an agent (let's call him Agent A) to look for an investment property in Jacksonville. After a few w...
Simon Obas
Advice for section 8 tenants
Greetings. If a tenant is on section 8, do you still require them to have employment? I just put a rental on the market and a good amount candidates have section 8. How do I even accept section 8? Any advice is helpful.
William B.
Pre-foreclosure / foreclosure deal
Anyone want to hit any high points on what I might be missing or offer any pointers about purchasing a pre-foreclosure? I am under contract to purchase a 3/2 SFR built in 2005, the owner does not occupy the property, ...
Bryan O.
IRA LLC / Self-Trustee 401k Statements
Hi all. I self trustee my solo 401k. I am in the middle of refinancing a property in preparation to purchase another. Underwriting wants statements from my 401k. In this case, I have the solo 401k with the various ban...