All Forum Posts by: Shane Bowling

I do something like skiptracing on the cheap using beenverified.com It's something like $23 a month and I've been happy with the amount of phone numbers, emails, and relatives it turns up for that price. If there's something better, I would like to know about it. 

I get that part and I have an experienced attorney that does Quiet Title actions like people get out of bed in the morning. But that doesn't seem to resolve what happens to the mortgages because in Ohio probably like anywhere else people can quitclaim everything over to me with the exception of a mortgage that remains in their name. So it seems my problem is how to most easily get rid of the mortgage that's remaining after I assume everything else in the quiet title. I know the guy is going to tell the bank he has no intention on paying them ever but that doesn't really get them in my hands and out of his name and released so the devil is in those details there.

So how cut-and-dried is that anyway? Do I just contact them and say hey I've got these five small mortgages that you haven't foreclosed on and the other person hasn't paid on and 12 years will you go ahead and release them? Or does it take a more sophisticated approach than that? I mean if they're answer is going to be the same no matter how I approach it then I imagine I shouldn't put a lot of effort into anything except being polite and diplomatic.

I may be about to get 5 properties quit claim over to me and if I do I am going to get them free and clear via quiet title. The workaround I need is I think some or all of them have small mortgages on them that the owner hasn't paid on and the mortgage company never foreclosed on. Maybe 12 years. How do I get rid of these mortgages? I think the main thing I'm concerned about is fixing them up and then they become desirable to the mortgage company again but it's not my mortgage even though everything else is. I'm in Ohio. 

I'm just looking for low hanging fruit in blighted neighborhoods and would like some opinions. I am just using my car as a mobile office and I come upon an abandoned home that might be a good candidate to make habitable. I want to type in the basic information available through public records and have some kind of chance that I will get a phone number or email that I can use right then to possibly contact the owner about their abandoned property. I typically have a phone, iPad, and computer with me. What tool do you think would work best in this scenario and what do you think it costs? I do not want to use the ones that require offices and locks, etc. Am very interested to see what people think. Thanks

I hope this falls under the category of just asking for advice. He has options for 50k each. I ran comps out to a half mile and it appears the most recent sales of the most similar homes are 80-90k each. He wants to sell them both for 120 total. I assume that 50k margin between 120 and 170 should attract someone who could retail them since they have been fully rehabbed and don't need any work, or I guess they could rent them for maybe $1700 a month total if they wanted to. I don't know how to find buyers for something like this and I don't know how to structure the transaction if someone is interested. I guess what I should really ask is how does my friend, who is not a realtor do this? I can't do anything because I am not part of the deal and he doesn't own the property and if he tries to market it then he's doing unlicensed real estate so how do these things work? I know people do them.