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Is this post better for the development forum?I have a 2.2 acre lot that is zoned for as much as many as 115 units when factoring in senior housing bonuses.I'm considering micro-apartments, a mix of mostly 500 square...
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Here's what I (think I) know:- Wrap mortgages include the terms of the original mortgage in them- They are designed to "wrap around" the existing mortgage terms, and add some new ones- Investors often use them to arbi...
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Good morning, Bigger Pockets!!!What will happen to second mortgage and HOA, ANY OTHER liens after Auction of the property in Courthouse steps in State of Texas?In REO property transactions, all the previous liens will...
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Ive done dozens of Auction.com deals but this was a first.
After being under contract for 50+ days with no contingencies I received and email that the seller for the property I was ready to close on has now backed. A...
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Hey everyone,
I've recently joined BP and just wanted to introduce myself.
My names Evan and I'm a junior in college majoring in business and German, with a minor in Econ.
I've read a number of books on RE, but bey...
Just trying to make sure I understand the mechanics of a foreclosure auction when the holder of the 2nd mortgage is the one foreclosing. Assume the following facts - 1st mortgage with $150K principal remaining and a 2...
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Hi, I am an investor in Tampa, Florida (Hillsborough County) and I recently won a property at auction. You initially deposit a non refundable 5% prior to auction, and than pay the 95% within 24 hours. Here is the situ...
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I was hoping someone could help me out with a deal I'm working on.I'm negotiating a short sale on a property with three liens, a 1st mortgage, 2nd and a HUD partial claim.I've reached agreements with the 1st mortgage...
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Can you sell your house for total debt owed in the middle of short sale proceeding?I am interested in a home, found out its going through foreclosure as of 10/15, I checked with the county and $171k is owned to lender...
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Hi I'm Christian I'm 17, a junior in highschool, from California, and plan to be moving to Sydney, Australia for college after my senior year. I had questions as to what my options are when it come to my investing.
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