Real Estate Agent · Manhattan, NY · Member since 2019 · 14 posts · 0 votes
Hello All,
I have a friend that lost there property due to a reverse mortgage and is know foreclosed on by Novad mortgage consulting. I am guessing this is HUD. I called them and they said to wait until it goes to HUD Home store. Is there anyway I can contact somebody to put an a offer before it goes to public. Any advice on this?
Lender · Miami, FL · Member since 2020 · 13 posts · 0 votes
6y
@Bryan Otero
How to avoid and Save a foreclosure?
Contact a local title company to help you.
Title companies have attorneys and foreclosure specialists.
Step 1 : title company with attorney
Step 2 : find private money or hard money
Other steps to follow.
You’ll need an exit strategy
Title company & private money lender
This purchase buyback will need to be in short term loan 12- 24 months loan. Lender points will be charged. This property will need to be a LLC and guarantor.
Hopes this helps you and everyone trying to save a foreclosure.
Trust Private Lending
We can jump on quick call. Get me these data points and we will see if we can do this deal:
Real Estate Agent · Manhattan, NY · Member since 2019 · 14 posts · 0 votes
6y
The house is already foreclosed on and is owned by HUD. I cannot save it if its already foreclosed on. I called and they told me to wait until it goes on HUD Homestore. Is there a way to go around this before it goes public?
I have a friend that lost there property due to a reverse mortgage and is know foreclosed on by Novad mortgage consulting. I am guessing this is HUD. I called them and they said to wait until it goes to HUD Home store. Is there anyway I can contact somebody to put an a offer before it goes to public. Any advice on this?