Skip to content
×
Pro Members Get Full Access
Succeed in real estate investing with proven toolkits that have helped thousands of aspiring and existing investors achieve financial freedom.
$0 TODAY
$32.50/month, billed annually after your 7-day trial.
Cancel anytime
Find the right properties and ace your analysis
Market Finder with key investor metrics for all US markets, plus a list of recommended markets.
Deal Finder with investor-focused filters and notifications for new properties
Unlimited access to 9+ rental analysis calculators and rent estimator tools
Off-market deal finding software from Invelo ($638 value)
Supercharge your network
Pro profile badge
Pro exclusive community forums and threads
Build your landlord command center
All-in-one property management software from RentRedi ($240 value)
Portfolio monitoring and accounting from Stessa
Lawyer-approved lease agreement packages for all 50-states ($4,950 value) *annual subscribers only
Shortcut the learning curve
Live Q&A sessions with experts
Webinar replay archive
50% off investing courses ($290 value)
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

8
Posts
1
Votes
Zack Sprague
Pro Member
  • Investor
  • Springfield, MO
1
Votes |
8
Posts

Please help! Need to save parents home! New investor looking for private money!

Zack Sprague
Pro Member
  • Investor
  • Springfield, MO
Posted Jul 17 2015, 10:21

I am new to BP I haven't even complete mt profile I apologize to all for the unprofessional approach but I'm in a difficult situation.

I am a new investor I have a decent income no wife no kids trying to build wealth.

I found out yesterday my parents are loosing their home due to an unfortunate mortgage lender scam

Long story short they've been paying the mortgage, so they thought however the mortgage Co sold to another bank without their knowledge so the bank hasn't been recieving their payments and now the house is listed in a forclosure auction to be sold

They aren't as educated on these processes and I had no idea until last night

They now have no means to get a loan or keep the house

They worked with an attorney that apparently wanted nothing to do with the case and they waited too long to take action now it's too late

The online auction ends tomorrow and I would like to bid on the house

Buy it under my name lease it to my parents until they repair their credit enough to buy it back from me

They were making 1700 a month payments

So I know they can pay at least that

I can get the house for less than 150,000 fees and all

I need immediate help getting a private money loan for either the full amount or for a 20% down payment

Let me know of any ideas you may have or any more information you need

Please help in anyway forward to anyone you know that wants to lend money on a sure thing

Sorry again for the lack of professionalism but I have no where else to go and have no idea what to do.

Thanks 

Loading replies...