Alex Hiep asked:


I own a property that is worth only $140,000 when I still own $170,000 to the bank (Indi Mac). After the foreclosure, am I still liable for the difference – $30,000? Can they do anything like put a lien on me or my bank account to collect the short amount?
I live in TX.

Mike

tammywellsadon asked:


we bought the property for investment purposes $12000. We were unable to continue the payments and tried to sell with no luck.the amount on the 1099A is $8700. What am i going to have to pay on this?

Monica

Turkey Property asked:


We are thinking of buying property for sale in Turkey. Our property search in Turkey may include villa, apartment and land properties for sale in Belek, Side, Alanya, Antalya, Kemer regions. What region is better for buying investment Turkey Property and is buying a turkey villa or turkish apartment for rental worth the while.

Melissa

Jas D asked:


The property has 25% equity in it.. My FICO score is around 740. I run my own business so I will need to use stated income. What is best loan for me in this situation and what kind of interest rate should I be looking for?

THANKS!

Janice

Jigsaw007 asked:


I was invited to an open house by a broker. It was more of an investment property. This is what the broker told me about the property:

1*** Unionport Road, $119K, CC $543.33, tenant paying $940

The tenant that lives in there is renovating the apartment himself. Does this sound like a scam or am I viewing this wrong? The broker advise me if I am interested, the property could be mine but the tenant included and she will lower the price to $114,000. What do you guys think?

Monica

Suresh P asked:


I own two condos one, I live the other I am renting out. Both dont have any equity yet. I already have 51% debt to income. I can still afford MXM 5K down including closing costs and tax prepayments. My interest is to buy foreclosures and sell after ~2 yrs. I am aiming at high end units that can currently be bought at ~200K but will apraise to ~350 in about 6mos. Is there a way to find finance in this situation.

Larry

Bernanke asked:


I did some google searching trying to find an answer and no luck, the idea is that a couple of us are considering buying property that none of us will actually live in but rather rent it, what are the common ways investors in our position go by to purchase properties and ensure that everyone goes out with a good investment, Associations? Special type of Mortgages? I have absolutely no idea, thanks for your input

Jeff

Maria M asked:


i have a 1st and 2nd mortgage on my home but i have enough equity to purchase or place a down payment on a second home. i’m looking at refi the 2nd mortgage for a line of credit but i’m being told that is not a good idea because if something goes wrong with the second home i could lose my primary home. am i better off getting a separate loan for the investment property?

Mitchell

Angel asked:


Hello. I would like to buy an investment property. Either a cheap unit or cheap holiday house. Does anyone have any advice or words of wisdom?
Preferably answers from Australian people due to market knowledge of this area.

Thanks

Eleanor

A P asked:


If i foreclose on my second mortgage on an investment property can the bank come after my financed car and wages if the auction does not produce enough money to satisfy both creditors?

Veronica