All Forum Posts by: Robin Frazier

I would like to know more about your condos 

Hello everyone, I wanted to know if anyone would like to get together and discuss investing strategies in the Baytown area. I can look around and get a venue. Some things to discuss, asset protection, tax strategies, purchase strategies. I can find some wholesalers, insurance brokers, Lenders, credit repair experts etc etc to come speak to us.

let me know who is interested.

Welcome to BP. I too live east of Baytown in Cove. I would love if people from Baytown are had a real-estate meetup so we wouldn't have to go into H town

@Dannon Anderson

Welcome to BP

@Adam D Rinehart

What does it cost for civil engineering ? Im putting a small syndicate together that would like do something such as this.

@Megan Cassidy

Welcome to BP

@Juan Avila

We should get together sometimes and discuss real-estate.

@Matt Hudson

Loaning money to yourself to buy properties would be a prohibited transaction. You can buy property with a self directed ira, but the property and any money it makes belongs to the IRA. I believe there are some other restrictions such as you cant work on the property or manage it. Check with a self directed IRA custodian, they will tell you what you can and can't do.

Good fortune to you.

They said I was notified at an address that I did not live at. Then they said they did public notification. It's not on my credit but the bank I'm trying to finance with checked for judgments. 

It was granted in Jan 2013

I just found out I have a judgement against me in Texas.

Here is my side of the story.

I built a 4000 sq foot house for my family and I in 2009. It was a 12 month construction loan.

After the property was complete, the real estate market had bottomed out. I tried for over a year to get financing but had no luck because the appraised value was lower than the loan value. This made me not eligible for financing because of the real estate meltdown. I was still paying the loan and keeping the insurance paid. 

one day a lady knocked on the door and said we had to move out because the property had been foreclosed on. I requested 2 weeks to move and it was granted.

Then the really nice bank that wouldn't refinance the loan sued me and got a judgement against me. Now in 2019 I am trying to refinance my home and the bank told me that I have a judgement. 

The judgement showed I owe them $197,000 because they sold the property for $80,000. The 2.5 acres were worth more than that. 

How can I get a judgement removed from my name? Can I settle with a bank for a judgement?

If I had the money I would just pay the bank what I owe them, but it pisses me off that I was not notified about the lawsuit.