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Anybody have a list for FDIC banks to avoid when doing short sale flips?
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I own a condo and 6 are in the foreclosure process. I was told that if someone owes $400,000 and the bank forecloses now and it is only worth $200,000 that the condo association lien for past dues and special assessm...
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I received the following message from a Wells Fargo Negotiator regarding a short sale I am working on.
I received a reply from the MI company on this short sale request. They are requiring the seller sign a promissor...
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Hey yall, Ive come upon a few 80/20 loans that were written by the same bank and was wondering if there is any different way of dealing with them. Seems to me they would have to go as a normal short, but I wasnt sure...
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Can't seem to find this thru search. In researching tax liens for upcoming tax sales - what happens if the property is in a bank foreclosure process that has already begun? property tax liens take precedence over all ...
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Hello all,
There is a home in my neighborhood that has been forclosed and I think it would make a fantastic rental property. I contacted the listing agent (found this on the window of the house) and he said that the...
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So.........................................Here's the deal.
I know a really really really smart guy. He's what I'd call an 'actual expert' for Bank Of America.
Well, recently, I went to him and said, handle all my...
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I've bought at Sheriff's sales before, but only firsts. Several times in just the past few weeks, I've seen a major bank holding both the first and second mortgage foreclose on the small second but not the big first. ...
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I understand my stocks all go to zero, does it also mean my note is due? If this isn't the right place for this question, please redirect me. Thanks in advance!
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Hi all, If I were to buy a note directly from the bank, Then how do I figure what to offer. Does the bank do a BPO? Or are they taking the value from the amount owed on the note. If the Value of the House is not near ...