All Forum Posts by: G. F.

Find notebuyers that purchase in your area and ask them what their criteria's are. Structure the note to fit the criteria. Note's without some seasoning will need a heavy discount so you will have to factor that into the sale price of the house.

Minna, I think Live Chat is an interesting idea. Give it a try. It worked wonders for my e-commerce business. May I also suggest having a call to action that is so tempting that your users would give you their name and email address. When you find deals, I'm sure you run comps right? So why not leverage that and save those that might buy your deals some time. Create a "subscribe and receive the comparable sales for this home" and you might get people to sign up. I would. As Dan said, you could also split test it with Google Website Optimizer (www.google.com/websiteoptimizer). if you chose to do this, let us know how it works out.

John's right. The homeowner needs to contact the bank. It's unusally for them to not have already filed a lis penden. Which bank is servicing the loan? Talk to all the local real estate agents that have reo's. Maybe one of them did a bpo on the property and has contact with the asset manager. If the locks were changed, someone had to tell them it was abandoned.

this is a great idea!

How are you finding retail buyers for those finished rehabs?
Are you using a real estate agent or are you finding them yourself?

There are many people who purchase paper as it's called. You should educate yourself before stepping into this area of real estate investing. I recommend you take a look at Dean Engle's Note Buying Profits web site. He offers about 16 hours of free content to get you started. The foreclosure timeline varies by the state and county level. Freddie Mac has come up with a time line which you can view on pages 65-78.

(pdf link) http://www.freddiemac.com/news/pdf/interventions_in_mortgage_default.pdf

how much do you pay the short sale negotiator?

how do you find retail buyers?

Owner finance, add a 25% markup (15K) with an above average interest rate and you could sell the note.

Or

Owner finance and carry back with a 3-5 year balloon like Richard said. If you are looking for a servicing company, Virgin Money is a company that offers this (By billionaire Richard Branson of virgin megastore, virgin records, virgin atlantic, etc...). I haven't used them so keep that in mind when doing your due diligence for a servicer.

You could just write out an agreement detailing the relationship between the two entities (yours and your business partner)

Your question is not exactly clear so if you want a more detailed answer then please clarify.

The county clerk's office are the most reliable but they are general slow. Some counties take weeks to months to update sales data. The information from trulia might be coming directly from a real estate agent that sold the property or the information could be coming from a title insurer who provides data on sales to trulia before they are recorded in the county clerk's office.