All Forum Posts by: Robin Trinidad
Robin Trinidad has started 1 posts and replied 4 times.
Post: Near foreclosure property client
- Posts 4
- Votes 1
@Ken M. Understood. Thank you
Post: Near foreclosure property client
- Posts 4
- Votes 1
@Ken M. Yes it's in Texas. So these people aren't in foreclosure yet, they owe $210k in their mortgage and are $30k late in payments. It's a hard money loan so a non traditional mortgage. I've read I could do subject-to by taking over the mortgage and finding a hard money investor that will pay the arrears, the $15k to the seller so they have something in their pocket and a "finders fee" so I get something out of it. It is legal here according to ChatGPT but I was looking for someone with actual real world experience to see if its doable.
Post: Near foreclosure property client
- Posts 4
- Votes 1
@Ken M. Yes, legally. I'm new to this and trying to learn
Post: Near foreclosure property client
- Posts 4
- Votes 1
I have a client with a property valued at 360k, they're about to be foreclosed on. They owe 240k and need around 15k in their pocket or willing to get a seller financed property. How can I help these clients while still getting a finders fee?