How hard do you think the homeowners will stlgugre to keep a home that is 50% upside down? I think the average homeowner is smarter than a government program designed to help them into paying twice for their home.
I only do this on Non Owner Occ. properties, in CO we have some new laws that make flppiing even the LLC or Trust beneficial interest a No-NO .Even if you get an acceptance letter with no resale for 60 days, you just sell the entity. This works for properties your selling to cash?»? or hard money buyers. Flipping to owner occupants getting traditional financing, not going to fly because of the entity they need to close in their own name to get that kind of loan.
LLC method works great so long as you sell to an inotsevr paying cash or using hard money. This will not work with any buyer using a residential mortgage to buy. That type of funding will require the buyer to take title in their own name.
I would do my home work first go to the county reedrocr where by state law the land titles is to be recorded. Along with the loan. It seem a lot of the titles were not and it seem the mortgage company lost/destroyed the titleIf not recorded talk to a lawyer see what that means. You may be trying pay for a very clouded title on land that you can not sell. Not only that some of the mortgages was sold for full amount to three or more companies. Which may all come looking to you to pay.
By :RE: A CEO of a large investment bank commtis massive fraud, enriching himself in the process. In this backwards country, the CEO uses his influence and connections to become the Secretary of the Treasury, where he then demands a blank check to bail out his former employer whose misdeeds have bankrupted the company. He also engineers a no prosecution policy, as if that were at all necessary anyway. He then works with the equally corrupt head of the country's central bank to dump these bad investments on the general public. And the corrupt Congress mandates that fraudulent accounting practices be enforced, lest the truth become too visible.In what backwards banana republic could such outrageous practices occur? Bolivia? No. Ecuador? No. Brazil? Heavens no. Give up? The answer: It is the United States of America.Sounds like Italy with Berlusconi good role model for the US of A!?Reminds me of an old joke:In heaven: The French do all the cooking, the Germans fix things, the Brits run the police, the Swiss run the government and the Italians are the lovers.In Hell: The Brits do all the cooking, the French fix things, the Germans run the police, the Swiss are the lovers and the Italians run the government!
You can roll in other debt to your mortgage dndenpieg on how much you qualify for and how much you intend to borrow. The question of weather you should is a matter of your circumstances. You usually pay less in interest on a car/student/credit card loan over the life of that loan than you would if you payed interest on it over the 30 years of a mortgage. Your mortgage broker should be able to show you what the actual cost would be throughout the life of the loan.
I don't know any realtors who take as much time to get inevlovd & interactive as you. This website is a fantastic way to bridge that gap. I'm not in the market to buy today, but if I am, I'll be sure to hit you up. Thank you! Reply
Tax appraisal is denetmired by sales price and tax rate.An appraisal is denetmired by market value. The appraiser takes comparable homes which have recently sold in the neighborhood and the condition of the home to determine appraised value. I wouldn't worry about it coming in any different from what you are offering the bank because the appraiser is a third party hired by you the buyer to give an accurate value. Even if the property was worth more he won't appraise the property for more then you offered. If it is a bank owned home then they already had an appraiser do an appraisal and probably a Realtor do a BPO. You can rest assure that the bank wants to sell the property and wants it sold yesterday so they are pretty good about pricing homes accordingly.So it looks to me the previous owner paid 109k and you are paying 96k so your taxes will be lower then his but during a market on an incline your tax appraisal could go up.Good Luck!
You don't give enough inotmrafion. How old are these debts? Are they even worth trying to settle? Paying collections do NOT help your credit score one single solitary bit. So if past Statute of Limitations there is no sense to pay and if there isn't a threat of suing, you shouldn't be opening any doors. Assuming you already have looked at those things and you KNOW settlements are the option, sure you can say that. Remember if the accounts have been charged off and are with collectors, they paid pennies on the dollars. If they think they have you scared, they will push the issue. If they know they can sue.. they will be harder to settle with so you can play hardball to. Write back and simply say this is an impossible offer. I offered the best deal that we can possibly make.. if you fail to accept this offer, please cease all communication. If you pursue this in court, we will be prepared with all financial inotmrafion to show the judge what we are able to afford. You are then telling them you know you can show up at court, the judge does have say in payments etc. BUT again.. take a step back and make sure you even need to settle this. Way too many people work hard on settling debt that is not even legally collectible.
I love the visual of you snakeing down to the kitchen early in the morning to shovel in a few donuts! Haha! I told Allen just the other day, I should have a rule that I will only eat something myself if I would feed it to Ava. I'm so conscious about what quality of food goes into her body, but it doesn't phase me one bit to have eight chocolate chip cookies for dinner. I'm not kidding that happened recently. Good for you for sticking to it. I bet you look great!
I've bought svaerel foreclosure books and this one is one of my favorites. This effectively has some of the most detailed information about tax liens and tax deed foreclosures but in a very short form (to the point). One big thing that made me buy this book is the online support I was able to get responses within two hours from the publisher on questions relating Georgia tax liens. That's not bad, considering some books don't even have web sites. I mentioned on the subject header to not buy the Ultimate Foreclosure Kit which is also by the same author. This book is more updated, has more information, and is discounted online.
Julia K. Selby - Thank you Jayson and Rachael for the generosity of your hard work at our September weniddg. As Doug and I keep looking at our weniddg pictures we have a chance to relive the emotions of that blessed day that is so special to us and above all that we are able to share the memories with our dear friends and loved ones, even those who were not able to join us. You have truly captured the love that Doug and I have for each other. You simply caught two people very much in love. And as we keep looking at our weniddg pictures, we are reminded once more to be grateful for the friends and family we have, for having someone to grow old with and to have been able to find that one person that you can certainly survive and live without, but you just really really do not want to. And because of these photographs, we can now truly say ???Yes true love does exist and fairy tales are possible???. You were able to tell OUR story, to add a visual chapter to our book and as we keep on writing we can only hope that we can keep you as our illustrators. Thank you!
Well the first thing is that the banks do not want you to know they do not more then likely own your house lglleay anyhow.If you have a loan between 2006 and 2009 you are paying the bank for a house they dont even own the note on anyhow.So basically weather you are in default or not your wrongfully paying a bank for something they have been paid for already 15 times over.Not to mention a security and a not can not exist at the same time.I do mortgage audits and the banks are full of crap.
Great presentation!We've been putintg together lots of resources and podcasts for people interested in learning about these types of investments. Do a google search for Arixa trust deed investing FAQs for more info.
With 33 entries this week, this was a tough job for Dustin, Jillayne, Rhonda and I. Diane made it easeir because she was so far and above! Thanks Diane!A couple of questions for Drew:1) One person sent three entries. Is there a limit to the number of entries one person can send in one week?2) Does the post have to written in the week of submission? Can someone send a post they wrote in 2006 as example?