Buying Property from Owners and Lenders in Distress
Here are some of the topics John Covers:
- Not All Distress Is Opportunity
- Specialization - The Secret of Consistent Buying
- Knowing Your Market
- Knowing Your Limits
- Solving Financial, Not Physical, Problems
- Understanding The System
- Notes and Security Instruments
- Some Liens Are Better Than Others
- How and Why Foreclosures Occur
- The Foreclosure Steps
- Rights of Redemption
- Foreclosure Time Line
- Leverage
- Mortgage Insurance
- Buying From Sellers Before the Sale
- Finding Sellers Who Need Help
- Spreading the Word that You are a Buyer
- Leads from Lenders
- Buying Loans That Have Gone Bad
- Solving Both A Lender's and a Seller's Problem
- Talking Turkey to Owners
- Getting Attorneys to Respond
- Selling Quickly to Maximum Profits
- Buying From Sellers Who Have No Equity
- Refinance and Overburdened
- Cash Poor, But Other Equity Available
- Solving Serious Problems for Serious Profits
- Structuring Agreements That Let The Owner Stay in the House
- Purchase-Leasebacks
- Prepaid Rent in Another Property for Equity
- Selling the House Back to the Owner is Dangerous
- Never, Never Make a Loan to an Owner in Distress
- Dealing With Hostile Tenants in Residence
- Buying From Builders in Distress
- Making Offers to Lenders
- Buying at Foreclosure Sales
- How Foreclosure Sales Work
- Knowing Your Local Rules
- Preparation Offsets Risk
- Borrowing the Money to Bid with from Private Sources
- Buying from Lenders after a Foreclosure Sale
- Financing REOs with the Lender/Seller