All Forum Posts by: Casey Mericle

You might try Brad Farris farrismortgage.com he’s independent

@Nigel Guisinger Are you looking for short-term or long-term financing?

@Bernadeau C. it's unfortunate that the website has gone to that, but it truly is an amazing book.

@William Decker the best financing is owner financing in which you can dictate the terms.  During this pandemic you will likely be able to get many more of these types of deals.  Remember, people dance properties don't.  This is a nice way to say you may need to sharpen your negotiation skills.

@Edward Adams buy the 1st from the lender, continue the foreclosure with the same attorney.  The 2nd gets wiped and you likely get paid on the courthouse steps.  Offer to pay full face value or more for the note.  

@Kaitlyn Nesbitt  I'm all for research, but I'd wait on pulling the trigger until people are actually starting to pay rent again.

Look for job and population growth.  Stay away from shrinkage of those two areas.  There's plenty of data out there about markets. 

@Michael McInerney it would depend on how/if you want to continue with this lender.  If this lender is important to you then pick the best choice for you and go with it.  If they aren't then see if someone else will refi you out quickly.  

Foreclosures aren't happening right now, so the lender is at a disadvantage there.  I'd look for other money as an alternative to this.  If you've got a good deal and the property is just waiting to be sold. 

On the other hand this lender does have to give a payoff to release the lien, so make sure you are cordial.

If the options that you mentioned are better than the terms you can find with another lender then pick the best one for you.

If they did have an issue I would just say the following back to them.

Does it matter what I do with the property if you're satisfied with the deal?

However did = Have her deed

However did it into the name of a trust with her last name. You can be the beneficiary of the trust, still take title subject to and get the deal done.