Using a land trust to flip REO/foreclosure properties in Ga?
Can some one tell me how to do this process from trolling the county lis/pendens notices,mls, etc. When do you structure the land trust with the grantor(person in financial distress)after notice of lis pendens,etc. how do you make money with it. If the property is already listed as an Reo/shortsale/foreclosure, but you are the grantee (trustee of the trust) another broker brings a buyer, how do you get paid and how does the bank get paid? I'm confused about the chain of events.If someone knows how to do this start to finish ,please let me know. Thanks