Forum Replies Created
March 15, 2008 at 2:17 am #24901
You should probably repost this question in the EHT topics and creative real estate financing section of the forum. This section is for finding cash/andor ground partners. Don’t mean to be rude, just wanted to let you know. You will get a better response from that section of the website.February 29, 2008 at 12:15 pm #24760
You may also use Real Quest which is a branch of First American Title Company. Cyberhomes.com. and Zillow. I wouldn’t trust Zillow if your in California. When I was living in CA. I used a title company called Investors Title Co. http://www.investorstitle.com/. They gave me a free account and I was able to look up preliminary CMA reports. Give them a call. It isn’t the best service but its free.February 28, 2008 at 7:58 pm #24387
Thanks Joe. I have used it in the past and it works very well.February 28, 2008 at 12:32 pm #24385
I have been told that there is a new law that homeowners will no longer be facing taxation on debt relief from a foreclosure or short sale? Has this portion of the benefits to risk chart been revised to not include that section of the chart? If so, would you send me a copy to firstname.lastname@example.org? If not, could you still send me a copy?
JustinFebruary 10, 2008 at 4:22 pm #24365
Correct me if I’m wrong fellow Narsonians…
Since the SB would be making a portion of the mortgage payment he would be able to claim the tax deductions for mortgage interest and property tax directly related to the portion of the payment made, along with the “passive” deductions. So if the SB is making 1/3 of the payment, he is able to claim 1/3 of the deductions for mortgage interest and property tax, and the RB will claim the rest of the deduction for mortgage interest and property tax.
Monthly Payment: $4500
SB Contribution: $1500
RB Contribution: $3000
SB will be able to deduct his portion contributed to the payment and the RB will be able to deduct his portion contributed to the payment made for mortgage interest and property tax.February 6, 2008 at 8:16 pm #24575
Thanks guys. The auction date is tomorrow. Nothing I can do… So I now have an RB who will be ready to go in a few months. Thank you all for your help!February 1, 2008 at 12:23 pm #24496
I have sent out 3 NEO’s in the past three weeks. I haven’t heard back from anybody who is willing to go the distance. I will hopefully send one out today after I discuss my offer with the homeowner, hopefully I will get it signed this weekend.January 18, 2008 at 5:45 pm #24337
Thank you Scott and Joe. I’ll look into it.January 11, 2008 at 4:06 pm #24192
Thanks, everyone. I heard about the new law yesterday. That answers that. I apologize for posting in the wrong section Joe. It won’t happen again.