All Forum Posts by: Jaago Viitkin

Hi, I sent you a private message. If anybody else needs investor friendly New Jersey agent pls contact me.

Investor Friendly New Jersey real estate agent looking deals for you. I work with 5 different MLS systems (covering the whole state) and I do direct marketing. I am sending out deals daily. Please contact me and tell me how can I help you!!

I am a New Jersey real estate agent looking deals for investors only. I work with investors who have done at least 3 flips. (The reason is I have no time to educate beginners, must be able to show 3 flips) I send out deals daily, if you would like to take a look on my deals please send me a private message with your email address. You would have to use me as your buying and selling agent!

@Wayne Brooks as always Wayne, thank you for your input. YOU ROCK :)

Hi, can anybody explain me what means" Foreclosure has passed the statue of limitations" in Florida. As I know the meaning can be different in different states!

Thank you

THANK YOU SO MUCH

@Andrew Syrios Thank you so much for your input. The house was sold last in 2006. Bank started foreclosing 2008 and never finished. HOA foreclosed on 2013. I assume the owners didn't pay back too much with 2 years and the balance is high. The house is worth may be 180-190k in current condition. That means it is far from covering the liens??? It is a huge loss lien holders have to take....I assume they will not accept. HOW THEY CAN EVEN LIST THIS HOUSE? One requirement was that potential new owners can not contact the banks.......SEEMS DEAD END??

creative investing, think outside the box, foreclosure puzzle, can this deal work, solve problems?

I ran into a beautiful lake house in Florida. 

A broker is selling the house and saying HOA has quick claim deed on the house.

I ran a title search and it came back with 2 mortgages on the house (First position 300k and second position 75k. Current balance is unknown). My title guy said the HOA foreclosed, but the 2 leans are still active. First position mortgage lender started a foreclosing in 2008, but never finished (reason unknown).

My question is how can HOA sell it, if the leans are still there? If new owner buys the house and first position closes then house is taken back, second and new owner are wiped out.

I want to buy the house for my next rehab? Can this problem be solved some how?

Thank you 

@Don Colagrossi Good luck let me know how it went

@John Kent Thank you John, great information. Thank you for taking time and writing and explaining your answer