They would not close until school started to make sure he was actual working.My cash close that closed late involved the seller having a lien against the property.  

Am I correct to assume that this real property is still subject to liens such as the original mortgage? 

I can purchase the house for 57,000 and rehab for 55,000 =112 but now with the village incumbrences it's more like 101 purchase and 55 rehab which will make the property right at ARV and no room for profit is there anything that can be done about those village liens?

Dear community,I am pretty new to real estate investment and I am facing the challenge to be in a real estate project in the coming month and therefore I have to get the knowledge of real estate financing rather quickly.TIC, Installment, Outstanding Commitment, Principle etc. 

He never heard of these others and had no liens on his house for anything.

Let’s assume you have invested into a Note secured by a 1st trust deed on a property.The deal goes bad, and you have to foreclose.Let’s also assume that the foreclosure proceeds are more than the note amount.Is the difference (foreclose proceeds – note outstanding – expenses) taxable and at what rate?

Doug some have language that even if the listing expires unless the seller relists with another broker there is a protection period built in for the brokerage to be due a commission.In GA for commercial real estate not residential as a broker I can lien a property to stop a sale from occurring if the seller is doing any funny business when I am owed a fee.I am sure we can all give incompetency stories from people who are investors, brokers, agents, etc.The laws vary state to state on presented offers.

Dear community,I am pretty new to real estate investment and I am facing the challenge to be in a real estate project in the coming month and therefore I have to get the knowledge of real estate financing rather quickly.TIC, Installment, Outstanding Commitment, Principle etc.

In order to partner with him he wants me to contribute 1 million to pay off the loan to be a true 50/50 partner on the land so we can develop it.I don't have 1,000,000 in cash lying around so I offered to leverage one of my income producing properties as a lien to the bank which is worth about 1 million.The goal is to roll over his 1 million dollar loan into a 5 million loan which we would share 50/50. 4 million of that would be used to develop the land.He needs my income and assets to qualify for a bigger loan, and I feel like my 1 million of income producing assets would suffice in the form of leverage.The disagreement is that he feels I am not bringing any money to the table in this scenario to make it a true 50/50 partnership.  

Current tenant is using as a 2/1 though it's currently a 1/1 with a living room and dinning room (using a sheet to close off the living room for the extra bedroom.)ARV is $140-$160 so I'm going with the low end at $140.Purchase on a subject to deal for $90K with $10K down to payoff $10K Lien and $10K balloon due in 18 months.