There is tons of info here on BP so just about any question you have about real estate can be answered by someone on here or by doing a 5 minute forum search at the top right.

Under 12 months we have to use the lower of appraised value or purchase price/acquisition cost.Option 3 you can search for local banks and portfolio lenders who may have more make sense guidelines in the local area.Let me know of that helps or if you have additional questions.

I'll try and post a forum for this because before i was introduced to this site i searched forever trying to find an MLS site and had no luck.

Because you personally guaranteed the loan the LLC will not protect you from the lender coming after you due to a default or foreclosure.I do not think searching for a commercial loan for your residential property would be a good idea.

Their reviews on Google and Yelp are pretty mediocre with a number of 5 star reviews.

I did a google of Northland Arms apartments - YIKES!

A lot can be gleaned from property records, court records, google maps, etc.Happy New Year!

You Can Find REO Brokers on the MLS with an REO search, or you can see who is listing agent on Bank/HUD REO Websites: www.hudhomestore.com Investor Clubs: http://www.mynationalreia.com/clubportal/795files/directory.cfm?

For some of the mailing addresses, when I look them up on Google maps, they are office buildings, some of which I'm able to determine are banks.In these situations, is the property in question a foreclosure or could there possibly be a different reason why the owner's mailing address is listed as a bank office?

I found BP while doing a google search on questions I had on mortgage loans while I was house hunting for my primary residence.