Melvin Flory
BOA Scammmed Me into Default, Who Will Refinance Me with $60,000 Equity
I became permanently, totally disabled from 26 years of Federal service in January of 2007. Remained current for approximately 1.5 years, middle of 2008. Bank of America/Countrywide told me I had to be 3 months behind...
Maxwell Emerson
Foreclosure deal analysis
I need help analyzing a deal and finding hidden costs that might come up on a potential deal. Here's the background:-House in pre-foreclosure, $42k past due, $300k remaining on loan, auction on November 22nd, house is...
Amit M.
Questions from a first time landlord
I will be renting out for the very first time this summer. I had a few questions on how to go about it:1. How to determine what's a fair rent to charge? I use listings in Zillow as a reference, but, they are inconsist...
Rahim A.
Is interest on a HELOC tax deductible?
Hello BP,If I take a HELOC on my personal residence, can the interest on this loan be tax deducted? The funds from the HELOC will be used to purchase additional investment properties.Thanks
Anthony Kondor
How to alk to homeowners in preforeclosures
Hi my name is Anthony Kondor I am a residential re-developer and Investor and I want to start talking to homeowners that are in pre foreclosure. I have phone numbers of homeowners who are in pre-foreclosure and I w...
Samuel Chua
What happens if I fail to pay the mortgage for my property
What happens if I have a bank loan and fail to pay the mortgage? Will the bank take the property away from me? Is this why it is always better to get a downpayment even though I have enough cash to purchase the entire...
Mary B.
Pennsylvania Buy&Hold Politics
Politics is in no way nor will it EVER be my favorite topic. Normally I toss out those flyers from the mail or use them as disposable dust pans. Yet its a necessity particularly as a business owner and a homeowner,...
Trevon Peracca
Is it realistic to purchase a note with $5,000?
I would like to purchase a note. Not sure if it realistic on a $5000.00 budget.I would love some feedback.
Account Closed
Anyone familiar with Baltimore Tax Liens?
Are the following thoughts correct?
1. Interest earned on Baltimore city liens are 18% annualized interest rate
2. After 6 months, if a tax certificate is unpaid, then the investor may foreclose on the property by...
Casey Crotty
Out of state lending
Hello all,I'm looking for some advice, ideas, heck I'll take general brainstorming at this point from the BP community. Here's the deal:I'm a real estate investor in New Mexico. I'm also a CEO for a small healthcare...