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Recent Forum Activity

  • Friend wants to borrow money, owns lots of RE
    Replied May 6, 2012
    The bankruptcy will also halt any foreclosure proceedings on his home. I'm not entirely sure about commercial properties, but I think filing for bankruptcy stops those as well. See more
    Reply 27 replies
  • Friend wants to borrow money, owns lots of RE
    Replied May 6, 2012
    It sounds like your friend is a good candidate to file chapter 7 bankruptcy. If he's already gone through 2 divorces and has been unable to work AND has liens against his proper... See more
    Reply 27 replies
  • Turning personal residence into rental property...
    Replied May 2, 2012
    If Tom Wallace is moving into his next project property, wouldn't that mean he is going to buy it? I think a 1031 would apply in that situation and because he would have a new p... See more
    Reply 31 replies

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Authored Blog Posts

Member Blog Demystifying the mortgage foreclosure process

I want to take a moment here to demystify the foreclosure process. I work with many people who don’t understand how it works and think that if they miss one payment the bank has the righ...

Member Blog Changes to the HARP Program and What They Could Mean for You

Recently Fannie Mae and Freddie Mac made major changes to the rules on short sales. I'm almost positive it won't do much to change the number of foreclosures we'll see coming. In previous blog...

Member Blog 10 Ways to Survive and Thrive in a Recession

With the economy and the housing market in a mess, it’s easy to get caught up in thinking that the sky is falling. If you’ve lost your job or are facing a foreclosure or just falling b...