All Forum Posts by: Gabe K.
Gabe K. has started 31 posts and replied 124 times.
Post: Note Investor Summit, San Diego
- Huntington Beach, CA
- Posts 137
- Votes 33
I went to NIS and thought it was great. Travis and Aaron are genuine people and most of the speakers were highly valuable. It was not a pitchfest and the networking was highly valuable. Price was reasonable also.
Post: WA foreclosure mediation processes question
- Huntington Beach, CA
- Posts 137
- Votes 33
Note Investors Summit
Post: Lexington, KY - House Going to Sheriff's Sale
- Huntington Beach, CA
- Posts 137
- Votes 33
Hi BPers,
We are foreclosing on a house in a fantastic location in Lexington (Fayette county), KY. The sale in on 2/1/2016 and we are curious how much someone will bid for this house:
Are there any locals familiar with the market and sheriff's sales there? Thanks.
Post: WA foreclosure mediation processes question
- Huntington Beach, CA
- Posts 137
- Votes 33
Originally posted by @Bob Malecki:
Law Offices of Les Zieve, thanks
Hi Bob, I just talked to them here at NIS about your situation. Brian (attorney) says your trustee should represent you.
Post: WA foreclosure mediation processes question
- Huntington Beach, CA
- Posts 137
- Votes 33
Hi Bob,
You can probably represent yourself as the lender. Who is your trustee? I can email you the requirements.
Post: Claim proceeds are too low, what to do?
- Huntington Beach, CA
- Posts 137
- Votes 33
Hi Keith and Brandon, thanks so much for your input. We are going to have our contractor meet with the field adjuster to reach an agreement.
Post: Claim proceeds are too low, what to do?
- Huntington Beach, CA
- Posts 137
- Votes 33
Originally posted by @Wayne Brooks:
Yep, looks like the contractor is quoting repairs for a lot of unrelated, preexisting damage/neglect. Force placed insurance...are/were you the lender on this? Frankly, looks like a dump that's been neglected for some time.
Hi Wayne, yes, we are the lender and had FPI. Agreed on the dump part.
Post: Maryland foreclosure timeline
- Huntington Beach, CA
- Posts 137
- Votes 33
Hi Maryland Locals,
We are looking at buying a non-performing mortgage in Marriottsville, MD. Are there any local BPers there that are familiar with how long foreclosures are taking and how strong the action is at the local Carroll County sheriff sale? Any info would be great. Thank you.
Post: Claim proceeds are too low, what to do?
- Huntington Beach, CA
- Posts 137
- Votes 33
@Keith HarrisHi Keith, thank you for your offer to look at the docs, as they are difficult for me to interpret. This should bring you to the docs:
Post: Claim proceeds are too low, what to do?
- Huntington Beach, CA
- Posts 137
- Votes 33
@Derek Lacy@Jeremy Tillotson I do have the cost break out here. The insurance company letter says they think several of the items that our contractor says were damaged are not related to the roof leaking. Here is what our contractor said in response to the insurance company:
" If the adjuster would have pushed on the walls he would have noticed the exterior walls were water damaged so bad that they are not even attached to the structure. The roofing dollar amounts and the scope for there repair for the dwelling is impossible to do. There is no way to clean and deodorize the carpet. There is major mold growth as well which would require more than a anti- microbial agent to take care of. Granted they are a bit closer for the actual claim of wind damage in order to do some of the repairs is more than refastening siding and patching a few spots on the roof and walls and painting"
What should we do now? Any info is appreciated. Thanks.