I was wondering what everyone is seeing with REO offers getting accepted. There were a couple posts a few years back that covered this but interested to see if there has been any change. So post what was offered and w...
I recently tried to refinance a 4plex. Everything was looking good until the appraisal. The bank rejected the appraisal because the appraiser did a bad job. They used comps from a very different market, houses that we...
Hello BP!! First time buyer here. I have two (1/1) duplexes under contract with a seller here in the burbs of Cincinnati, Ohio. The cash flow on them looks great, the appraisal came back for over the amount I am payin...
I tried to make my first offer the other day on a reo that has been listed for 60days only to hear back that the foreclosure deed still has not been recorded. Has anyone seen this before?
How are you all applying for PPP loans? Do your banks accept applications now?
A large national bank has owns a foreclosure and is currently trying to sell it. I have submitted a couple very reasonable offers below there list price. However they keep coming back with "list price." The picture...
I made an offer on a foreclosure (REO) property in my area. The company handling the foreclosure for the bank accepted my offer 3 months ago and informed us that the bank would take about 4 months to close the deal. ...
I want to buy a mobile home in Florida for 60k cash and rent it out. Monthly income is about 900, no lot fees / no HOA. The property value based on comps is 100K.After that I would like to apply for a 300K loan to buy...
I am getting ready to move forward on a bank owned 4 plex. This 4 plex is about 4 blocks away from the beach. Nice boardwalk with a water and theme park. Restaurants, supermarket and all entertainment are all withi...
My buyers are selling their house on 39 December and want to also buy my house on 30 December. What could go wrong?