TLDR; We acquired a property in late 2023 and subsequently encountered difficulties with mortgage payments in 2024, leading to foreclosure proceedings in 2025. We have recently discovered significant structural issues with the home. We purchased a house in Minnesota in late 2023 without an in-person viewing, relying instead on inspection reports, appraisals, and our real estate agent's assurances. Upon moving in, we observed signs of structural instability, such as uneven floors and unusual support beams, in this small farmhouse originally built in the late 1800s. We did not think much about it given it is a very old property. By mid-2024, I experienced job loss, which impacted our ability to make mortgage payments. Foreclosure proceedings began in early 2025. We have been working to delay the foreclosure through various means, and now we have approximately one month before the property is scheduled for auction. We attempted to sell the house in mid-2024 after realizing we coul...

Veterans are losing homes because of GOP killing loan program If there is an ounce of decency in MAGA’s soul, they will remember this on election day. They had their own reasons for supporting and electing Republicans, despite the fact the president was a convicted sexual abuser and convicted tax cheat. Be that as it may they are now becoming aware of their poor choice. They are now witnessing the collapse of their economy because of runaway inflation and exorbitant grocery bills. They are witnessing the collapse of their healthcare with the near total dissemination of Medicare and Medicaid and the closing of innumerable local hospitals. Their electric bills now are greater than their mortgage payments in some cases and gasoline prices are inhibiting their ability to drive to work. Their unions, on which they rely on to slow the depredations of rapacious employers are being challenged daily, and probably second worse to all, they have seen the lies about keeping us out of ‘forever...

I'm nosy and like to check what houses around me sell for. A house near me listed as SOLD on zillow in the end of March for $303k. This is in a neighborhood where all similar houses go to $900-1.2 million. The house was never listed for sale. What could be going on here? submitted by /u/EvadeCapture [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1sjba9c/house_listed_as_sold_but_was_never_listed_for/

Looking for some perspective from folks who’ve bought in high-cost markets, especially the Bay Area. I’m currently renting in Sunnyvale and expect to commute ~2–3 days per week going forward. My partner is fully remote, so we have some flexibility on location. We have one child (starting elementary soon), so access to strong public schools is an important factor. We’re targeting a ~$2M budget and debating between two approaches: Option 1: Buy closer to the top of budget (~$1.9–2M) in a stronger school district, likely smaller or older but more “location locked.” Option 2: Buy something in the ~$1.7–1.8M range in a slightly less competitive area and reserve ~$150–200k for renovations to improve the home over time. Constraints / preferences: - Single-family home only - Ideally targeting top-tier (or close to top-tier) public schools if we can make it work within budget - ~30 min commute to Sunnyvale is the goal (flexible since it’s not daily) - Open to different parts of the ...

The IRS has transitioned from manual audits to an automated, AI-driven data-matching system. This system cross-references county property records, 1099-K data from rental platforms, and mortgage data against filed tax returns. They are focusing on: - HELOC Misuse: Interest is only deductible if used for home improvements. Using home equity for medical bills, tuition, or debt consolidation triggers a compliance mismatch if interest was deducted. - Partial Property Transfers: Adding an adult child to a deed is a "gift of real estate." If the value exceeds $19,000 (2026 limit), Form 709 must be filed. - Rental Income: Short-term rentals (Airbnb/VRBO) generate 1099-K forms. Failure to report this income on Schedule E or account for depreciation creates a high-probability audit flag. - Inherited Property: Failure to document the "stepped-up basis" at the time of inheritance leads to undocumented basis penalties. Make sure, if you are a senior, to document. They ha...

We are doing a buy/sell and both are hot markets. We need to be strong in an offer on the buying side but I'd prefer not to do a bridge loan. Our house should get multiple offers very quickly when it goes on the market next month. If we put an offer on a house, how strong is contingent on settlement if we are competing against a few offers? We understand that non-contingent is better and contingent on sale takes us out of the running. I just don't want to blow the $10K in fees on a bridge loan if we don't have to. Thanks everyone! submitted by /u/bgptcp179 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1siihfm/how_much_stronger_is_contingent_on_settlement_vs/

For context we went through Open Door for a cash offer. They referred us to Mark Spain. I was not a fan of the relator who came to video the house but we we're just looking at cash offers. We had no interest in selling on the open market. I did not realize we were singing an exclusive right to sell listening agreement that would last the whole summer. My wife came in from work as I was filling out the dwelling information. The relator did not explain the paperwork to my wife, just asked her to sign, and she assumed I have already looked over it. The same goes for me, I assumed, he went over the information with my wife so I just initialed next to her name. I did not know an exclusive right to sell agreement was signed until we received the emailed copies later that afternoon. The cash offers came in low and I was not a fan of the consistent poor communication of Mark Spain. They actually sent a photographer out at 10am without me knowing. I turned them away and had to inform them...

I just feel like their program is nothing but pages of text, no actual instruction or engagement. On top of that, so many grammatical errors and spelling mistakes that just comes off as unprofessional. It’ll stop me in a lesson to take a 25 question quiz, and the quiz covers things the course didn’t even go over yet…I scour my notes thinking I missed something. Then after I get past the quiz, THAT is when it goes over the course material that half of the quiz was based on! I don’t feel like I’m learning much. Does anyone else have this issue? I got through state college magna cum laude but I feel like a dunce with how little I’m learning in this course. What are your thoughts on VanEd? Colorado, btw submitted by /u/illogicallyhandsome [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1shyh8f/colorado_taking_online_coursework_with_vaned/

I think the questions quite explains itself. But i gotta ask still, I moved back here to renovate dad's old rental property, I won't be here always, but i got mixed feelings about property management costs and landlord vs property managers issues. Is it worth it? Or should i try to self manage as much as I can? What groups would you recommend? submitted by /u/LengthAggressive953 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1shrx8y/is_it_worth_using_property_management_company_for/