Brett Morris
Time to ditch rental property because of HOA?
I've owned a townhome for about 20 years. It has always been subject to HOA but recent issues have arisen that have caused fees to increase from $35/mo to $150/mo as well as random assessments popping up for maintenan...
John Podpora
Subject To opportunity
Need some advice about whether I should proceed with a deal that would by my first Sub to. Property: 3br 1 ba 1050sf in Portland OR valued at ~$260k.Loan: principal balance ~$199k @4% with PITI= $983 per month.Amount ...
David Park
Inheritance tax from seller with no mortgage insurance from 1999
We are looking to buy this property but the inheritance tax was never paid to the Commonwealth of Pa when he sold the house in 1999. The buyer from 1999 did not get title insurance when they purchased the house. Do we...
Jan Gates
How many NPLs with equity go back to lender at auction?
My company is looking to purchase a pool of first position NPLs in various states in the U.S. All notes are within 6 months of foreclosure some have equity and most are underwater. Our model is to foreclose and then ...
Jeff Shane
Transfer of Security Deposits
I am looking at structuring a deal for an apartment complex and wanted to ask this question:When and how are the deposits transferred to the new owner? Is this done by the seller in cash at closing? Please advise. T...
Tom Rottler
Short sale but lien appears to be well below list price
Looking for some insights here, old google didn't have them. I found a listing for a short sale that meets my investor parameters. I also found the foreclosure proceedings in the county clerk of court filings. It appe...
Zak House
1031 Newbie Looking for Recommendation
Hi all,
Looking to sell a couple properties in Jersey and would like to 1031 the proceeds. never done this before, but understand that I need a 3rd party Qualified intermediary. Does anyone have any recommendations?
Brittany Magee
Figure out a way around our worst case scenario
My husband and I were looking to purchase a house in Mountain Home, Arkansas. He visited the property on Friday and after discussing over the weekend we decided we were going to put in an offer.However on Sunday torn...
Joshua D.
Insurance claims for roof and siding? how to deal with contractor
So we had a hail storm a couple weeks ago and my roofer called me and told me about it and said i should file claims which i have and he met with the adjusters at the properties and i guess is getting them all covered...
Calixto Urdiales
HUD & FHA Loan Programs and Grants!
Hello there everyone-
Not too sure if this qualifies as an announcement but I would like to let people know a little bit more about HUD (Housing and Urban Development) and FHA (Federal Housing Administration). HUD do...