Creative financing in foreclosures

[Chris Silvas]

I have been getting some pretty good foreclosure leads. Some of these leads have great equity and are obviously great deals. However, some of these leads have very slim equity, some are right at zero equity, and some have negative equity. I know that for the ones with negative equity I should leave alone, but what about the leads that fall into the slim to zero equity category. What options can I provide these people so they do not end up getting foreclosed? I know subject to and perhaps lease option are 2 avenues, but there seems to be limited information on learning these transactions. I am willing to share in a deal I find if someone is willing to guide me through these avenues (and any other possibilities). I am in the Houston area.

[Loren Clive]

Find an experienced short sale realtor in your area and refer the negative equity people. Plus, you could end up being the buyer if the bank approves a great price.