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Legal Issue with Addendum to Contract
Hello BP Community, I have had a 7-plex in Ft. Lauderdale under contract for the past 5 weeks. Full due process has taking place and we were set to close this past Tuesday (the 7th.) I was requesting all leases for...
Humberto Quiroz
In process of a law suit
Well, this story got interesting.My wife closed her business, the biggest issue is she sign a contract with a landlord for 4 yrs, and she was only 1 yr in the contract so she has 3 yrs left.i have 2 rental properties ...
Tyler Condon
Seller's Agent Doesn't Want to do anything until Inspection Contingency is Waived
Seller's agent saying he doesn't want to put any money in until after the inspection contingency is waived, But how do I guarantee the work gets done? This includes not doing the termite inspection. I'm going to send ...
Jeanni Prescan
Inheritance tax on a house bought in LLC at judicial sale
I am totally blown away trying to sell a house I purchased 4 years ago at PA Judicial sale. I was taught that a judicial sale will wipe out all leins except federal. I have found that information is totally misleadi...
Account Closed
Quiet title on a property to acquire it free & clear?
Hi readers,So an HOA here in Phoenix presented a condo deal in great condition to me for only $10,000 ! HOA owns the property, last owner lost it to them due to lots of fees he was behind (Unpaid HOA fees). But he al...
Greg Linder
5 Day notice Illinois
Is leaving a 5 day notice posted on the tenants door a legal delivery of a 5 day notice in Illinois? I would prefer to hand deliver but the tenant refuses to answer their door.The official form I downloaded from the c...
Kyle Fasano
LLC or Corp???
Starting wholesale business in New Jersey. LLC or S/C corp?? should i go online or do it through an attorney??
H J.
Seller dies, and Daughter Refusing to Honor Contract
Situation: in 2017 I got a property under contract for $60k. Found a buyer, who paid $1000 earnest money to the owner. Owner was elderly, and his wife had passed away in 2010 without leaving a will. So estate had to g...
Sunny Shakhawala
Private Money Lender Seeking Advice RE: Deed In Lieu
Hey Everyone,About to originate a new loan for one of my borrowers. I've never used a deed-in-lieu of foreclosure before, but a few friends have told me to include it in my packet. Question: If I have the borrower's s...
Sandy Uhlmann
Journey of a newbie 2nd lien owner-Foreclosure Sale Question
I purchased a note in 2nd position several months ago. HELOC with original amount of $100,000 UPB of approx 75,000. First is current with UPB of just over $100,000. House seems to be worth $170,000+. Homeowners cur...