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Updated over 3 years ago on . Most recent reply
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Partnering with banks
Hey so I have a questions
I am into buying real estate with absolutely no money no credit and pressing the limit as far as I can.
With doing so I found a voluntary title transfer. After looking more into it I found It’s called the Due-On-Sale clause in the contract that prevents people from doing it. However after looking further into it I learned the banks had to be notified before any transfer then it got me thinking why not partner with banks so I know when the houses are close to foreclosure and I present the option to the clients before they go into foreclosure.
Have you ever done something like this? Do you have experience or advice?
Most Popular Reply
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This is a good thought, @Racquel Ortiz! There are going to be some rules and regulations surrounding banks that prevent, or at least make it difficult, for them to "pass on" information on their clients. If you can learn about these internal hurdles you may be able to build a business around it!