Who decides what the foreclosure starting bid is?
How can you be ahead of the competition and have accurate information/numbers prior the sale date?
Anyone here buying at the courthouse steps? if so please share you...
Hi everyone. I am a newbie, and I have been looking at pre-foreclosures. I found one I am interested in with these numbers:ARV: $550,000Loans: $350,000 1st$150,000 2ndIf this property goes to auction, does not sell,...
I am using the Nolo forms for my rental properties in California. I noticed that both the tenant and the landlord have to sign during the move in AND the move out inspection. Really? What if I write what's damaged dur...
Hi
If the lender has approved a short sale and has indicated it will issue a discharge of mortgage to the borrowers, release the 1st lien position the lender currently holds, and will issue a 1099C, does that mean th...
Here is the scenario. The condo has a first mortgage for 156k with BofA and a second for 29k with Green
Tree. The loans are baked by Freddie Mac. The condo is only worth 50k at best and is rented for $895. PITi is @ $...
We bought a short sale property and are in escrow - 7 days away from closing. The sellers are asking for $1500 to move out else they will void the deal - can the sellers do that? Buyers in escrow are not at all protec...
I am a principal in a 100+ unit multifamily deal where we're assuming a Fannie Mae Non-Recourse loan. Two days before closing the lender's attorney wants us to sign docs waiving any benefit of discharge under Chapt...
Can someone explain to me in dept, what a short sale is.
So.........a first time flipper contacted me in Baltimore about selling a house that they fell way behind on and had to take general contractor to court which took a year, they finally settled and finished the house. ...
When 2nd lien position mortgages are wiped out at the first mortgage foreclosure, do the banks (note holders) have a right to file a deficiency judgment agaisnt borrower in order to try and recover their loss (at leas...