All Forum Posts by: Daria B.

I'm turning my rental, tenants gone, inspection already completed with what needs to be repaired from tenant misuse. 

But some things are questionable - so the question is, light bulbs and toilet seats......

The house was rented with light bulbs in every conceivable socket and worked. All the ceiling fans now have one light bulb - really?!? All tenants I've ever had, replaced them when they burned out, if they did, and none of them ever "took" light bulbs. However, this tenant, whether the bulbs burned out or they took them remains to be seen.

They broke the toilet lid in addition to other things like window blinds so that is coming out of the security deposit. What of the toilet seat? It's in rough shape and honestly, none of my other former tenants ever left a property the way these people did.

Thanks

 I'm asking about having to pay the "wrong" amount and a discount that is based on the "wrong" amount and if they (county) are going to remunerate the overage back. In their letter they stated that they would give the discount to those that paid in July and August. The problem I saw was 4 weeks out if I don't get a revised bill then I don't want to be penalized due to their mix up. I always pay to get the small but needed discount when I get my bill and just to have it go right back out the door so that I know it gets paid far in advance.

 Yeah I got that part....

Yikes is what my initial reaction was when I opened the tax bill yesterday.

So, they admit with an attached letter they messed up and are fixing the problem - ETA up to 4 weeks.

I compared my bill from last year and see a few noticeable differences in how the "eligible charges" are named and what they are charging - and here in are the greatly increased charges. The assessment didn't really change that much.

The differences I found were (at least what appear to be):

• sewer service (2016) to sewer usage (2017)
• water distribution (2016) to distribution charge (2017)

Has anyone else gotten their Balto County Tax bill? I tried calling numerous numbers and all go to voice mail (they actually say don't leave a message because they know they would be flooded) or get knocked around the choose a number to be connected to....

I'm trying to get clarification on their letter.

The bold part is what I don't quite get - we still have to pay the "wrong" amount and they will refund our overage back and apply the discount? Not sure how to read this - does anyone else know that is in Balto County and got their bill?

Thanks

Dear Baltimore County Taxpayers:

Baltimore County Government has detected system-generated errors in tax bills that will arrive in the next few days. Please disregard those bills, but note that these errors may not affect every property tax bill.

The County is working diligently to correct the errors and will reprint all property tax bills with revised information as necessary. The revised printing and mailing process will take up to four weeks. Baltimore County will extend its discount for those who pay their tax bills in July through August due to the errors.

how? The article speaks of vacancies and no growth. What am I missing ?

 Hi Christopher,

The reference to the BK13 vs BK7 wasn't meant to be in any great details. I asked about anything in particular for a NPN that was in BK7 status relative to the fact that borrowers have now taken a position of not wanting to pay the debt. BK13 there is a trustee and plan that is administered and the borrowers, having to pay for this filing, are more willing to pay their debt. I wasn't looking for anything that is from a real BK13 (I have purchased some that were NPN) or BK7 but in general between the two what differences fall out. I can see why you would think it was vague but it wasn't meant to have any particular details other than the high level descriptions of what differences other than what I previously mentioned.

Good information on the CH7 you noted in the next to last paragraph, what I was looking to hear from others that have experienced dealing with a NPN CH7.

Thanks

Daria

 That's interesting and I wonder if it is a tactic used for just that purpose. Isn't there something written that they can only do these filings so many times? Ch 7, from last I read, stays 10 years on the credit report and that hurts but I guess they are willing to take that chance of not being able to do things requiring not just good credit.

Does Ch7 with a NPN mean the borrowers have no intention really to pay any of their debt, which includes the note. It seems that approach for them is likely they won't workout a payment of the note - every situation is different and one doesn't know until the borrower is approached with a solution. I understand the difference between 13 and 7 but I thought there might be something very different with the NPN other than 13 having a trustee to administer a plan for pay back that can also go awry but hopefully have little chance of doing so since the borrowers paid for the 13 filing. I'm sure whether it's 13 or 7, any notice of FC gets their attention.

hi all-

I've purchased NPN that were in BK13 and understand the implications of the BK13.

I understand what Chapter 7 means as well, but, what I'm missing is how the workout generally goes. Is it a foregone conclusion that because of the Chapter 7 that the borrower(s) are essentially saying we are walking away from our debt so highly likely the property is then foreclosed upon. 

Can someone who has dealt with Ch7 NPN tell me what they encountered - and I suppose a DIL is always a method to utilize instead of FC.

Thank you

Daria

I'm not an institutional lender but as an investor who also looked to do a Land Trust and have the LLC be the beneficial holder (2nd) to the lender, it was near impossible to get them to understand the structure and that was "with" someone who does asset protection assisting me. Although the structure of LandTrust-LLC rather than directly using an LLC differs, they (lenders) still frown upon the structure that is anything outside their norm. While I found they cannot and could not lift a finger to "due-on-sale-me" using a Land Trust, they were still not forthcoming in not saying they look on this favorably. The issue, at least for me and what I've seen others say, is that we never know IF the lender will decide to turn ugly even on a paying note.