All Forum Posts by: Elio L.

I'd like to know the same thing. We're paying someone to go down to the courthouse for us and record them one by one. It isn't efficient at all.

@Raymond B. THANKS!

@leeta song Yes, they had the property listed for sale just like any of the other homeowners did. So mail them. But I would personally send the corporate owned properties a more professional letter.

Have you looked into transactional funding?

Bump...

The easiest way would be to have him transfer the deed to you in lieu of foreclosure the foreclosure process. That would be the fastest, cheapest way to go about things. He'd basically just sign the house over to you.

If he doesn't want to do that, then you need to start the foreclosure process ASAP.

Yes, the fact that they cancelled with the realtor is a benefit to you because now you can negotiate directly with the seller without them getting in the way of things. You can also make a stronger offer because there are no realtor commissions to be paid. Just be sure to do your due diligence on the property.

How many properties are you mailing to?

You'd want to be sure to have an earnest money deposit from your buyer either in escrow at the title company or in your possession. That way your buyer has some skin in the game and will be less inclined to back out. Make it as large as possible, because If your buyer flakes that may very well end up being your profit on the deal!

You also want to have an out clause in your contract with the seller just in case things fall through with your buyer.

Send the letter to the address of the tax payer. I would use the same letter that you are sending to the other homeowners that live in their properties.