All Forum Posts by: Lauren B.

Homes do not go bankrupt. People declare bankruptcy. someone going through bankruptcy would have protections from foreclosure and collections and I would imagine they may be less likely to sell unless the bankruptcy is dismissed or thrown out. My opinion is that it’s an option people pursue to keep their house... That said, there is a specific bankruptcy court. I’m not sure if the files are public record, but at some point the record is public because I can see bankruptcies listed on a persons profile on beenverified. You might get familiar with the process and courthouse to see if you can manually collect names and research them on the GIS if there’s no website already doing this.

Why don’t you call a lawyer. I have bought property from the heir while the estate was in probate after two letters to creditors have been published. Sometimes property needs to be pulled into probate to Pay debts and must be sold. In NC property passes directly to heirs upon descendants death. It can be complicated to determine heirs, and they all have to sign off on the sale. An obituary can help determine heirs. If this is a good deal, Pursue it. Call a lawyer or get more familiar with probate laws.

I do and will. I think First time homebuyers and lower middle income buyers who need to be under $150-200k appreciate an HGTV style makeover in a 1500-2000sqft doublewide vs a 1200-1300 sq ft 1950s -1960s era ranch in need of a remodel and upgrades (seemingly the only options available to them in the same price point. ) Caveat; this would never fly in CA, Boston, NY, philly, etc. broader acceptance of doublewides is sort of a regional thing I think. Interested to hear what others think.

Buy the worst house on the block, not the nicest. You can fix the house. You can’t fix the neighborhood. Congrats on baby and new house!

Nice design, nice photography, nice work!

In North Carolina, you need an attorney to issue a title opinion because they are agents for title insurance companies. Essentially - from my understanding (please correct me if I’m wrong) -the attorney issues the title report and the insurance company insures the attorneys findings. Here in Asheville, attorneys are so busy that if you’re not “in” with someone , expect 3-4 weeks for title and closing. I had done prelim title search on a property that was about to go to auction and wanted to buy before tax sale; a lawyer wanted $1500 to do a title search in a week. (They missed judgements I found btw!). I ended up closing with another firm that took 6 weeks to do the search, despite me having given them all the judgements I found. I now have a lawyer who can close in a week for a reasonable fee.

Check out Fannie maes delayed financing ; https://www.biggerpockets.com/blogs/5110/42824-all-about-delayed-financing

Your aunt really needs to see an elder law attorney. Medicaid has penalties for selling within 5 yrs of applying for nursing home care and she may lose Medicaid if she sells. Medicaid will put a claim on her house so they get reimbursed for part of the cost of care. They have laws so you cannot circumvent this. You can’t less it for less than market value either. There’s a ton of details and only a lawyer can properly advise you.

If she owns it, it’s not rent controlled. If is a co-op they (the board) usually look to approve buyers. There should be deed restrictions available on register of deeds website that can provide you further info on what is / isn’t allowed.

Thoughts on removing battens in a 1998 doublewide on a permanent foundation? Would you expect to recoup / profit from doing so? Attract more buyers? I personally see the battens as the biggest hurdle to personally considering living in a doublewide. But I don’t want to lose money to appease my personal taste.