I purchased a home through the Marshall Reddick Seminars about 5 years ago. The property value in South Carolina has dropped about 30%. I only collected 4 months rent out of the last 12 months. I have been paying the ...
Hello Everyone, Long time listener, first time caller/poster. I'm looking for recommendations for an agent that specializes in short sales for the N. Fort Worth/ Keller, TX market. Also, any advice on buying short s...
I see some at really good deals but i was wondering what are some the do's and don'ts you guys have when it comes to them?
I'm hoping to find more information about a seller receiving a 1099 and being responsible for income taxes for the difference between the sale price and the outstanding mortgage during a short sale. Does this always t...
I have 2 properties that I'm trying to off load. The properties are located in Philly and it's hard for me to manage remotely. I collect $875 from each. I cannot sell it in this market because I'll be loosing $50k. I ...
Hi everyone!I am new to investing and have been searching for deals. I think I may have found one that is actually one street over from mine. I was driving around searching for houses and came across a one with tall...
Does anyone know if a seller in the foreclosure process on a single family home can get a seIler incentive from Wells Fargo to do a short sale? We're currently in contract to purchase a house sub to with the seller re...
Facts as per CAR attorneys:
1. FICO impacts are the same on SS and foreclosures
2. Banks will seldom if ever relinquish their right to recover on deficiencies
3. There will likely be tax consequences with SS and th...
There is an firm, maybe an RIT, buying property at top dollar in my area the last few weeks. I;m talking multi family, distressed very old SFH and more. This is probably the best seller's market in my lifetime so I'm...
My clients are short selling their home due to structural issues causing a significant decrease in the value of the home. They have found a home they want to move to and a family member has offered to pay cash for th...