All Forum Posts by: Daria B.

@Matthew Wright

Here is the other calculator that I mentioned

http://www.bretwhissel.net/cgi-bin/amortize

calculator.net has a ton of options. I use one that's good and shows ballon but I'm on my phone and don't have the link. Try the one I listed to see of that works for you.

I like learning for the sake of learning. But in this case, I buy mortgage notes and look at these costs in the case of having to go through this process. Its part of the analysis much like any other $ that affect either the purchase of or holding of assets (or paper) and how it affects the bottom line.

 Too bad...I guess unless I actually go through it and just keep up with what occurred and costs associated,  it will be a rough estimate when I am faced with going through the process.

@Ron S.

I found the same reference to $50k and also thought that was hogwash. There had to be something that differentiates cost in each state given that the judicial/non-judicial would be on opposite ends of the $.

I also saw the Fannie/Freddie web site that has the costs you listed above - this is what got me thinking there has to be a site that would at least give some details of the process and what costs would be associated with it - from there perhaps determine an overall range of costs one might incur.

I want to know an estimation of costs as a factor of what will be needed if it comes to foreclosing. 

I've seen figures based on others' experience as a result of their doing business in some states and what that cost is - with them having done multiples in the same state they have an idea of costs (and costs do change, which is why it's only an estimation).

Does anyone know of a web site that has costs associated with the foreclosure process for each state? I'm looking for something that is not necessarily "official" as costs do change. This can be in the form of estimation of details or a lump sum 'round about figure. Likely, judicial states will cost more, but that's a guess.

This simplifies everything about IRR and when to use XIRR. I've been trying to grasp this for some time now and the video just makes it all seem so easy. Thanks @Brandon Turner

 Depending on the rental location it may be a codes (enforcement) requirement. My current tenant (leaving at end of this month) ruined the hood and it needs to be replaced. I'll be looking into doing it myself and if it gets in over my head then I'll just ask the PM handyman to do it.

More often times, I think, than not, are the ability to secure a mortgage. If rents are higher than what a P&I would be including escrow for taxes and insurance, then it's likely the ability to qualify rather than affording the cost of the home. While cost is a major fact, if not the most, getting the down payment and being able to afford the monthly note just seems to put a lot of people out of reach if the can't qualify.