Bob Malecki
Borrower BK 7 Discharged but not closed?
I just purchased a 1st position NPL on a home in Oklahoma and found out from FCI's bankruptcy specialist that the borrower had a Chapter 7 bankruptcy in 2009 which was discharged in 2012 but not yet closed. This was n...
Byron Bohlsen
Trouble Chosing
Hi Folks,Hoping for some thoughts from some experienced landlords. I am trying to choose between two applicants. I think I know what to do but wanted to get feedback. Applicant A:Unmarried couple, very blue collar. At...
Lea Lenz
Making an offer on preforeclosure with ROR and bancuptcy
I am looking at a property that is in foreclosure. Owner filed bankruptcy which halted the sheriff sale. County still shows the owner on record, not the bank. I don't believe they have much equity so their redemption ...
Marcus Moore
Can you buy a home that’s is under a Chapter 13 bankruptcies
I’m new to Wholesaling. I have a prospect wanting to know if I can sell his home even though he has filled a Chapter 13 bankruptcies?
Kenneth Davis
Renting to an individual who Filed Chapter 7 Bankruptcy and foreclosing on home
Would it be much of a risk to rent on a month to month to an individual who filed chapter 7 Bankruptcy back in 2012 and is forceclosing on his home this year? I have only had 2 applications turned into me, in a 2 mo...
Karen Nelsen
Found out my deed was made out before mortgage company
I did a search of deeds. My deed was made in 2006. The other lender's deed was made in 2007.
I registered the deed at the court house in 2007. The other lender registered at the court house before me. I don't know it...
Pratik P.
Anyone done Adverse Possession?
Hey BP,I have an interesting situation that I've been working on for a year and was thinking maybe you could help out. There's an abandoned property in my area that's sitting in a Class B neighborhood. The city said i...
Sid Franklin
How did Detroit go broke? Why did property values decline in Detroit? What about Chicago?
I live in Chicago and there's been a lot of discussion recently on whether Chicago could follow Detroit down the path of municipal bankruptcy. Many folks believe that because Chicago is much more diverse in its indus...
Danny Duran
Screening a tenant undergoing a short sale
BP'ers--a prospective tenant who is undergoing a short sale on their home wishes to apply to rent one of my units. As their credit has been damaged by the short sale, they have offered what they claim is a qualified c...
Grant Griffiths
Rentals for lower credit scores
Hello all,I am selling a client's home that have around 500 credit score from a Bankruptcy last year. We are searching for rentals/rent to own properties and aren't having much luck. Private landlords seem to be more ...