Curtis C.
Closing on a House with a Mortgage Escrow Process?
Lets say you and a seller agree on a price to a house. They owe 45k on the mortgage and you offer them 55k for the house. You write up the contract and take it into escrow.
What happens next? I assume the tit...
Dave Hart
Refi question - lien releases
In the weeds on this one. But might help others avoid this pitfall…when a mortgage is transferred between banks, I’m learning they don’t record a lien release with the county. Does anyone know what officially gets rec...
Donald Matthew
Newbie Matt, NY,MA from LA
Hi, new to the site. I found this by some books I've read and I want to learn how to get started and get my deals financed. I'm currently staying in NY but I work in MA mostly and found some decent deals on some house...
Lynn Henley
Note Brokering and Factoring
Is anyone doing both purchasing/brokering discounted notes and factoring? I see note purchasing/brokering as a way to receive huge pay-outs, but they don't come in on a regular basis. Factoring, has lower pay-outs, ...
Darrin Doughty
Deed Transfer during pre-foreclosure
Hypothetical question,If a borrower of an active mortgage is at pre-foreclosure and they decide to transfer the deed to another individual, what are the consequences for borrower and if any for the new individual that...
Christopher Cole
Creative Financing in texas
Can someone explain the difference in wraparound mortgage and subject to the mortgage to me and is one a better tool. Also is there a special guideline in Texas to do a wraparound mortgage thanks guys
Omer H.
Impossible to change method of acquisition when under contract?
Hello BP! My business partner is currently under contract on a property using a loan from a portfolio lender. However, an opportunity has come up where the seller may agree to let my partner "assume" her existing mort...
Kara Judson
Assumable loan
There is a rental property in pretty bad shape (needs new kitchen etc) in good location. Owner has a mortgage with good rate that is assumable. Anyone BTDT? What things should I look for? Any hidden costs besides t...
Joel Hudspeth
1031 Exchange and LLCs
I have a question regarding a 1031 exchange. I own some single family rentals and a newly aquired mobile home park. I am curious about selling one of the single family rentals and 1031 exchange to pay down the mortga...
Jim Holmes
Commercial property
there is a small 4 unit office complex in my area that I am interested in. We have other commercial properties in the area. This property is to be sold at sheriffs sale nov. 19. I have spoken with current owner about ...