All Forum Posts by: Stephen S.

The existing liens are all property taxes and the water/sewer bills.  Both of which are the City Of Camden NJ.

They are the exact people who are refusing to take the property.  Because they know that to foreclose means that they then won't have me and my money involved. <g>

Am I missing something important in this "1st Trust Deed Holder" comment?

stephen
-----------------



Originally posted by @J Scott:

Originally posted by @Stephen S.:

Who / what is the "1td holder" ?

1st Trust Deed (i.e., Lien) Holder...

stephen
---------------




?Originally posted by @Jeff B.:

Originally posted by @Stephen S.:

Thanks.

And I am about as serious as a heart atack.

But a deed-in-lieu presupposes a willing 'buyer' on the other side of the transaction.  Someone has to be willing to take the property - and to the best of my well researched knowledge:  no one is actually that willing. <g>

A fair number of people on this forum contacted me and expressed an initial interest in taking the property.  But they all apparently came to the same conclusion I already held:  there is no way to make a dollar with this property.

stephen
------------



Originally posted by @Jeff B.:

How serious are you to be off the title?  A total write off might be a "deed in lue" process.

 No buyer required - - surrender to 1td holder

And I am about as serious as a heart atack.

But a deed-in-lieu presupposes a willing 'buyer' on the other side of the transaction.  Someone has to be willing to take the property - and to the best of my well researched knowledge:  no one is actually that willing. <g>

A fair number of people on this forum contacted me and expressed an initial interest in taking the property.  But they all apparently came to the same conclusion I already held:  there is no way to make a dollar with this property.

stephen
------------



Originally posted by @Jeff B.:

How serious are you to be off the title?  A total write off might be a "deed in lue" process.

stephen
------------


 Originally posted by @Account Closed:

Thank you for your comments about me, I will try to be more gracious and less of a troll.

Charles Parrish

stephen
-----------


 Originally posted by @Michaela G.:

@Account Closed , why would you make yourself seem like a long-time investor on your profile and then make a condescending post like this, that shows that you have not read the thread, know nothing about Will Bernard and make yourself look like nothing but a stupid troll that has no idea about anything?

PHM
---------


     Originally posted by @Diane Campbell:

My 34 yr.old disabled son is a Section 8 recipient.  It's always interesting to read other opinions about those receiving aid. If my son weer "normal" he would be most likely married, with children, college educated, able to shop, drive, make intelligent choices, have realtively no health issues ( he's had eye surgery, a kidney removed, 7 surgeries to remove cancer, need I go on?  Please thank our goverment for these programs as I do or what would happen to all the intellectually disabled?  Then be damn grateful you obviously do not have a child or relative who could not live without Section 8.

I have no inclination or even present opportunity to disobey this regulation.  My curiosity was:  what happens if I do?  And what mechanism might be employed to discover my crime?

My intend was not to start a storm of personal integrity concerns.  As an example:  I like the Bible and it's clearly provided a lot of great advice.  But I can tell you that if you smack one of my cheeks you are going to have very tough time getting to my other cheek. <g>

stephen
-------------

   Originally posted by @Bill Wicker:

The real issue is why the government is discriminating against investors. How is it acceptable for the government to restrict who banks can sell foreclosed houses to? It's not the government's place to interfere with the free market. So in my opinion, the whole premise is wrong and needs to be corrected. Discrimination against real estate investors is wrong.

Oh;  I forgot to mention that I would be paying cash - there would be no mortgage to become due.


stephen
------------


Originally posted by @Shad G.:
Stephen: Creativity comes in all shapes and you're certainly encouraged to explore all possibilities of getting ahead in life especially in business as long as you're willing to acknowledge that you'll be committing fraud at least for the first year of purchase. I've never heard of Home Path or FHA loan becoming due in full because of this default but you should be aware before hand. Please read the fine print, being reactive is expensive.

Happy hunting for dollars!