Seattle Laws for Investors "Equity Skimming"
Hello all,
I am a new wholesaler in the greater Seattle area from Arizona. I have joined a local REIA and from some meetings with attorneys I have come to find that there are lawyers suing real estate investors for "equity skimming" or looking to make deals with homeowners that are owner occupied and in pre-forclosure. Investors know that people in pre-forclosure are able to get out of a terrible situation and move on, and the investors also get a new project.
Are there any seasoned investors in Seattle that know more about this? Or ways around some of these laws? Going to meet with an other attorney soon to get more details. I just want to hear some strategies and insight on going about this in Seattle. Thank you!
**If this was the wrong section I apologize new to this forum**