Seller in Foreclosure add experience investor to LLC

[Jeffrey Abraham]

Let me put it this away I come alone and say I partner with you because you are in foreclosure with your 3 properties, so you don't lose your properties an Investor like myself who has

experience and great credit is added to your LLC and I'm now the Guarantor on your LLC and I own 81% of the Company and you own 19% of the company because your credit isn't good anymore and also you wont pass a background check.

Now the New Guarantor can refinance all three properties and save him for foreclosure Finance of America offer that program as long its not arm length transaction

Please let me know of any lender that would let my seller add and A investor with experience  add them to their operating agrement and the expereience investor owning 81% and the seller owning

19% Normally the person with the lower % no background check or no credit check 

I have 11 ohio deal with this scenario 

[Chris Seveney]

@Jeffrey Abraham

It also depends on the status of the properties. If they are upside down or have little to no equity then no one would want the deal- they would need to have significant equity.

If they are rentals and person being foreclosed they are

1. Either in a bad area with awful cashflow

2. Partner is awful at managing them.

Both situations make it difficult for someone to want to come in.