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Updated almost 9 years ago, 02/17/2016

User Stats

46
Posts
5
Votes
Daniel Smith
  • Wholesaler
  • Los Angeles
5
Votes |
46
Posts

Pre-forclosure questions

Daniel Smith
  • Wholesaler
  • Los Angeles
Posted

what do you guys use as a pitch while trying to buy pre-foreclosed homes from a home owner at their door ? What legal risks are associated with wholesaling these properties? What contracts do you typically get signed by the home owner? purchase and sale agreement or quit claim deed? When one owner is incapacitated (has Alzheimer's) and the other owner is willing to sell the home what steps have to be taken in order for that home to be sold? Good ways to contact  a pre-foreclosure  home owner In a gated community? Pros and cons Assigning contract vs transactional lending? How to determine  a fair assignment fee? 

 I'm trying to be compliant with any foreclosure laws that protect home owners. I'm in Denver CO. 

Thank you for reading any feedback would be much appreciated ! 

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