All Forum Posts by: Shanequa J.

Sorry I can't you on this one. I plan on meeting with a couple in the future so can you post your experience on here?

It doesn't look to good for you. Most banks want at least 80% equity in the property. From what I have read, 70% equity will most of the time get you a guaranteed refi.

How long does it take for the bank to foreclose? Can the owner keep their house after the substitute trustee is filed if they make the back payments?

What is the difference between lis pendens and a substitution of trustee sale?

I'd do option 2. It's more work, but there's a bigger profit.

I also decided not to go with Listsource; I looked the pre-foreclosures up through the counties records of deeds. It took a really long time to do it, but I saved money.

I just added my email to the signature line. Can you send it now please?

I tried to join, but it wouldn't let me. :(

Did the bank mention anything about calling the loan due?

If it's an area with lower income working families but has fairly well maintained houses then it's a good idea. On the other hand, if it's a lower income area with single unemployed people and run-down houses, it's a bad idea. Most people on Section 8 have children and expect to live in a somewhat decent neighborhood. As far as renting to Section 8 tenants, it depends on your opinions about them.