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Updated about 7 years ago on . Most recent reply

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Jason Salaz
  • Salt Lake City, UT
0
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4
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Is it bad to help those that need it?

Jason Salaz
  • Salt Lake City, UT
Posted

I want to know this:  If I were to go to a foreclosure, and the tenant was still there, what would you do?  I want to help people get themselves out of debt, or at least into something manageable for their income stream.  Or a rent-to-own situation.  I'd charge an extra 200 buclks a month, and if they are upside down, to help thedm see that maybe it's not the right place for them.

How do you think I should proceed...?

This is completely hypothetical.  I am still pursuing my paralegal degree, with an emphasis in real estate law.  I should be done by 2020.

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398
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147
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Russ Draper
  • Investor
  • Boston, MA
147
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398
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Russ Draper
  • Investor
  • Boston, MA
Replied

My experience is that people need a desire to help themselves first, financial education second.  Trying to help the foreclosed homeowner is admirable, but my experience shows that if they could have gotten themselves out of the situation before the auction they would have.  You will be throwing money away by letting them stay.  If you are the owner of a property where the homeowner hasn't moved, file for eviction or related right away.

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