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All Forum Posts by: Ally Hill

Ally Hill has started 1 posts and replied 3 times.

Post: Subject To Letters without violating SEC licensing laws

Ally HillPosted
  • Investor
  • Atlanta, GA
  • Posts 3
  • Votes 0

I'm trying to dig into GA laws around foreclosure solicitation online and would like to run those questions by the attorney, among some others around private lenders, and structuring those agreements + building out relationships properly.
Going to do more reading into JV partnerships. Thanks so much!

Post: Subject To Letters without violating SEC licensing laws

Ally HillPosted
  • Investor
  • Atlanta, GA
  • Posts 3
  • Votes 0
Quote from @Ally Hill:

Hi BP community. I am looking through public records and planning to reach out to pre-foreclosure homeowners, but I want to be careful in my language since offering help and advice on their foreclosure situation is federally regulated.

Questions:
-- Thoughts on my sample message below? Advice to tailor it without tailoring it.. too much?

-- I don't think I can get into the options I see for them in this letter, correct? (short sale, let me wholesale, subject to deal)

-- When can I discuss something like a subject-to deal without being in violation of federal laws around assisting someone in preforeclosure?

Thanks! 

Hello TKTKTK,

I am interested in buying your property, and this doesn’t mean you have to vacate the property either. I am a buy-and-hold real estate investor interested in your area and your property specifically. If you want to talk more and see if our goals align, please call me at TKTKTK.

Hope to speak with you soon,

Ally H. 

Thanks for the replies I've gotten. This was a strategy pitched by tenured investors at a local reia meetup which inspired the question. So if there are any Georgia REI who can speak to their experience, please do.
Appreciate the tips to run by an attorney and I’ll definitely do this. Looking for a strong securities attorney referral too. 

Post: Subject To Letters without violating SEC licensing laws

Ally HillPosted
  • Investor
  • Atlanta, GA
  • Posts 3
  • Votes 0

Hi BP community. I am looking through public records and planning to reach out to pre-foreclosure homeowners, but I want to be careful in my language since offering help and advice on their foreclosure situation is federally regulated.

Questions:
-- Thoughts on my sample message below? Advice to tailor it without tailoring it.. too much?

-- I don't think I can get into the options I see for them in this letter, correct? (short sale, let me wholesale, subject to deal)

-- When can I discuss something like a subject-to deal without being in violation of federal laws around assisting someone in preforeclosure?

Thanks! 

Hello TKTKTK,

I am interested in buying your property, and this doesn’t mean you have to vacate the property either. I am a buy-and-hold real estate investor interested in your area and your property specifically. If you want to talk more and see if our goals align, please call me at TKTKTK.

Hope to speak with you soon,

Ally H.