Stopping Foreclosure

[David Serrano]

Hey Group,

I am in Dallas County Texas and need a little help setting up Subject to deals. The main issue I'm having is getting an extension or stopping the foreclosure process long enough to close the deal. Any help would be appreciated. 

Thanks

David Serrano

[Gerald Harris]

if you are working with sellers in forclosure do this

get them to call the lender to ask for an extention until they catch up.  Its so simple, but it works, not all the time, but some time.   Most lenders do not want to foreclose because it expensive.   Get the seller to ask for a defferment.   

Even a short sale does not stop the foreclosure.  But a deferrment can stall it.   

You should join up with a "stop foreclosure" service.   or better yet, team up with a local real estate attorney.   You can send people his way.  He will be able to delay the foreclosure process for a fee.    You may have to get creative and work your subject to fees into working with the attorney but in the long run you will bring each other business.

Wow, i just have myself an idea.   :)   

have a good 1