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What is the name of your state (only U.S. law)? NC
State NC
I bought a house at a foreclosure auction in January 08, fixed it and sold it in May 08. I took an interest only loan to make the purchase. During the holding period, the house was vacant (I did not rent or receive any income)
When I...
What is the name of your state (only U.S. law)? NC
State NC
I own 3 rental properties.
I bought a house at a foreclosure auction in January 08, fixed it and sold it in May 08. I bought this property with the intent to sell (not to rent). I made a decent profit during this transaction.
I...
What is the name of your state (only U.S. law)? North Carolina
State NC
I own 3 rental properties.
I bought a house at a foreclosure auction in January 08, fixed and sold it in May 08. I bought this property with the intent to sell (not to rent). I made a decent profit during this...
What is the name of your state? NC
I buy real estate at FC auctions at the court house, fix them up and rent them out.
When I purchased 2 such properties in 2006, I had the loan arranged through a broker who did not care about walk through appraisal and lent me the $$ based on on-line...
What is the name of your state? NC
Here is the situation. Our family gross income is over $175,000. We bought our current house for $375,000 with 20% down in 2001. We took a 5 year ARM at 4.5%.
Due to appreciation in the local market, the CMA shows that the house is worth about $500,000 now...
What is the name of your state? NC
Here is the scenario.
Property has two leins.
Lien A – 50K - Senior
Lien B – 30 K - Junior
Lien B forecloses. “The sale is made subject to all prior liens, unpaid taxes, special assessments, easements, rights of way, deeds of release, and any other...
What is the name of your state? NC
Question: If someone purchases a property at a foreclosure sale in NC, does the new title holder have to honor the lease signed by the tenant and the previous owner (the person/s who defaulted)?
I believe in a voluntary alienation (normal sale) the lease...
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