I found a vacant house and called the owner. She said she gave it back to back to the bank in lieu of foreclosure. I looked up the bank and they went bankrupt and are no longer in business.What happens to an REO house...
I am new to this site and have been listening to the podcasts for a few weeks and love them!I am living in Fairfield County in Connecticut and will perhaps move out of state in about a year. I am brand new to real est...
Good morning Everyone!Just wanted to take a moment to introduce myself. My name is Jennifer, I've resided in the Las Vegas metro area for the last 3 years, and have recently made the decision to drop my fears and begi...
Explaining the Loan Process - Mortgage UnderwritingPlease note: Slight discrepancies in this process may occur as lenders may designate responsibilities differently among loan processors and underwriters.Your mortgage...
Hey BP-
Closing on my first deal soon. After talking to 5-6 different lenders, this is the one that was pitched to me the most favorably. Now I’m finding a bunch of hidden fees that add almost 10k to the loan. Am I j...
Hi BP!I live in Atlanta, GA and purchased a 1 bedroom condo in Dec 2016 for $328,000 with 20% down and spent somewhere around $30k in renovations. I did not have to pay closing costs since I used commission towards it...
Hello BP,What is the best way to determine market value on a commercially zoned property? Two separate units being used as residential/office space. The real value is what I could be turned in to, but that would be a ...
Hello Biggerpockets members,My name is Dane and I am a recent graduate living in the Houston area. I've been reading the forums and listening to the biggerpockets podcasts religiously and have now come to the point wh...
Hello BP,I wanted to know if a seller can back out of a signed contract? What should a buyer do if the seller gives the buyer a cancellation letter from there attorney, in the state of Illinois? Please let me know tha...
Thanks to my friend, Alabama tax sales attorney Greg Stanley, who alerted me to this issue. He and his colleagues are seeing a number of improperly written deeds prepared by non-lawyers, that are causing major headach...