All Forum Posts by: Danielle Levins

Kudos to you for taking the initiative!!

@Lisa Sluss low debt to income ratio is a good thing. Most banks prefer a low DTI. Did they happen to tell you why they weren't willing to accept the low DTI?

@Chris Connolly I just realized you replying to someone else! Lol

@Chris Connolly I was looking for a way to get the property before it hit the auction, and still have the benefit of having the mortgage lien fall to the wayside. Because here in Florida there isn't really a redemption period after the tax sale for us to go after homeowners to try and buy them out. It would have to be before the auction in most cases. (Unless the property didn't sell in auction.)

@Anthony Pestana that put me in the right direction for sure. Thank you for sharing!

@Tyrone Harris have you already submitted all the paperwork for the deals?

@Sin Hang Lai are you able to go back down to the county and get the results?

@Kevin Sobilo thank you for the clarification.

Forgive me if this has been asked already, I couldn’t find a similar thread in this forum. Im considering a strategy that includes approaching homeowners who are listed on the tax deed and mortgage foreclosure auction site and buying them out PRIOR to the auction.

I was told by a clerk that if we purchase the property from the auction, the mortgage and other liens EXCEPT government liens fall to the wayside. Does this remain true if I buy the owner out and clear the debt (paying the delinquent taxes, or past due mtg payments) prior to auction? The clerk told me that would be legal advice so he could not answer me. But stressed that the AUCTION would be cancelled for sure if I did it that way.

Would I need to considering quiet title lawsuit fees in this strategy as well?

HELPPPPPP.... I’ve been picking my brain and digging through threads to figure how so many investors have been able to approach homeowners in preforeclosure and give them Cash For Keys, even though the property was encumbered by a mortgage lien very close to the market value of the property.

I appreciate any insight into this strategy.

Forgive me if this has been asked already, I couldn’t find a similar thread in this forum. Im considering a strategy that includes approaching homeowners who are listed on the tax deed and mortgage foreclosure auction site and buying them out PRIOR to the auction.

I was told by a clerk that if we purchase the property from the auction, the mortgage and other liens EXCEPT government liens fall to the wayside. Does this remain true if I buy the owner out and clear the debt (paying the delinquent taxes, or past due mtg payments) prior to auction? The clerk told me that would be legal advice so he could not answer me. But stressed that the AUCTION would be cancelled for sure if I did it that way.

Would I need to considering quiet title lawsuit fees in this strategy as well?

HELPPPPPP.... I’ve been picking my brain and digging through threads to figure how so many investors have been able to approach homeowners in preforeclosure and give them Cash For Keys, even though the property was encumbered by a mortgage lien very close to the market value of the property.

I appreciate everyone’s time and I’m truly ok with constructive criticism.