I sold a property Sub 2 in 2013 on a 5-year balloon. No escrow. Buyer sold the contract to someone else. Balloon was due in 2018. He has not performed, has not paid taxes or insurance so my balance went way up with ...
I purchased a house in a Trustee sale auction a week ago. Three days later
I received a letter with the funds returned and no other explanation.
I called the trustee office and my understanding is that they decided t...
We are in FL. Without knowledge purchased a HOA foreclosue with a 1st lien. The 1st lien is in pre-foreclosure. The homeowner's were in the process of negoiating a loan mod so the foreclosue is on hold. I dont thi...
I purchased a property in Miami Dade a few years back. A year after owning it, a new tenant moved in and when she tried to turn the water service on, she was told there was a lien for unpaid water. The water company w...
Hey everyone- I ran across an article today and shared with my clients and fellow investors. Thought I'd post on here as well. Cleveland City Council has passed a series of new regulations targeting landlords who allo...
Hi Everyone,I'm cold calling pre-foreclosures and I'm having a bit of trouble with my approach. At first, I was approaching them as a real estate investor that buys homes for all cash and etc, but I noticed that I wo...
I like some advice on a legal issue I've been dealing with for years. In '94, Dad met a real estate agent, loaned him 20K, they did a few deals that went OK, and then in '97, Dad borrowed another 20K out of our 4-uni...
Hi BP community, my name is Tinah and I'm a newbie investor in Worcester County, MA. I need some direction on how to handle a deal that has gone insanely wrong.
I made an offer on a 100-year old house for rental. My ...
Simple 4 page executed contract provided for purchase money mortgage (pmm), seller financing $375k @ 4%, repayment monthly amortized 30 year, 15 yr balloon, no pre-payment penalty. Seller's P.O.A. is a non practicing ...
So I have a deal meltdown in process and would really appreciate assistance/advice on what my options are. Here's the scenario:Day 1. Two homes go on the market 3 doors apart at the same price. I immediately view. Day...