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If a property is condemed what happens to the mortgage

 
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Vote:
Asked by
Sarina


If a property is condemed what happens to the mortgage?
0     In Mortgage Cont.12

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    Q. Can i deduct property tax and mortgage interest on my investment property which is a condo i am renting?


    Yes, you can deduct mortgage interest as well as property tax and maintenance from your investment property in Canada. If you own multiple units and you are the one managing them you should also open a property management company and charge your properties a management fee which is also tax deductible.
    Someone said: What if the property is held outside of Canada in another country such as Ecuador?

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    Q. How do i find homes in san luis obsipo county that are residential condemed properties?

    Powered by
    I am a loan officer for weger mortgage in san luis obispo county and have clients that are real estate investors that have made alot of money on flipping forclosed homes or homes that are about to be plus i have hard money contacts that give my clients money and no headaches that banks seem too. so im interested in finding some local properties that i can consider

    you can google for tax reposessions, it will sort them according to state. There are usually onle a few auctions per year, while they are open to the public they are not highly advertised. A lot of websites will charge you money to the information, as long as you have a credible site you should be safe. also, a good real estate agent and help you find listsings to HUD houses. those are forclosures.

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