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All Forum Posts by: Brian Cam

Brian Cam has started 11 posts and replied 73 times.

Post: Wholesale foreclosures?

Brian CamPosted
  • Investor
  • Deer Park, NY
  • Posts 76
  • Votes 35

Hey Cam,

When going after foreclosures you want to get a signed contract before the auction date.  Depending on your state that can be a long time after the owner has defaulted. 

So yes, you can get it under contract, but you need to give yourself time to close the deal with your end cash buyer before the auction date. It will then either be sold to the highest bidder or given back to the bank (REO).

Hope this helps, Let me know if you have any other questions

Post: Skip trace, people search? Need to find owner and tax records NFG

Brian CamPosted
  • Investor
  • Deer Park, NY
  • Posts 76
  • Votes 35
Originally posted by @Troy Sheets:

I have had some luck with a free service called pipl (pipl.com).  It's free so it's not 100% accurate all the time, but it's worth a shot!

Post: Tax Lien Certificate is past redemption ... How to Foreclose?

Brian CamPosted
  • Investor
  • Deer Park, NY
  • Posts 76
  • Votes 35
Originally posted by @Rhett P.:

Tax Lien Certificate is past the redemption period ... How to Foreclose?

I'm not sure of a few things. Does the tenant still live there? Are there any other liens on the home such as a mortgage or IRS liens? How do I find that info out? And how do I start the foreclosure process? How long does that take?

Hey Rhett,

First, in order to see if there is still someone living in the property, you might want to ask someone that lives in the area to scope it out for you.  If you don't know anyone, you may be worth a shot to ask a local agent to take a look.  ( I assume you would want to sell this home if you are living in CA, so you can offer to list it with them in return).

You would be able to see if there are any other liens or mortgages through a title report.  it usually doesn't cost too much, and you can ask a local title company to do all the work for you.  The other way to check is to check out the Alabama county court records and dig through the paperwork (if you live around there obviously)

Deed Assigned at Foreclosure to: After the expiration of three years from the date of the sale of any real estate for taxes, the judge of probate then in office must execute and deliver to the purchaser ... a deed to each lot or parcel of real estate sold to the purchaser and remaining unredeemed ... and such deed shall convey to and vest in the grantee all the right, title, interest and estate of the person whose duty it was to pay the taxes on such real estate and the lien and claim of the state and county thereto, but it shall not convey the right, title or interest of any reversioner or remainderman therein. (Sec. 40-10-29, Sec. 40-10-30).

Notes: The deed conveyed upon expiration of the redemption period is not sufficient. You'll need to consult your legal professional for assistance with a quiet title action. Left-over liens not sold at the county level can be purchased from the Alabama State Commissioner of Revenue (Sec. 40-10-21 and 40-10-132)

Hope this helps, If not then please feel free to reach out

Post: Pre-foreclosure/NOD Lists

Brian CamPosted
  • Investor
  • Deer Park, NY
  • Posts 76
  • Votes 35

Hello BP Family,

I am looking to focus more of my marketing on Pre-foreclosure properties.  However, I am having some challenges obtaining lists.

I have contacted a number of different title companies in my surrounding counties (I am in New York by the way) and they all tell me the same thing, that they don't have these lists.  However, from everything I have heard in the past they should. 

Can someone please provide me with some direction on where to obtain this list.  I know that it is public record so I would rather do extra work than pay for another service.

Thanks in advance to all!!

Post: $1MM in Tax Liens!

Brian CamPosted
  • Investor
  • Deer Park, NY
  • Posts 76
  • Votes 35

Will,

I may be wrong, but I don't think you would be able to negotiate down the price of the liens.  Furthermore, depending on how you transfer ownership, you have need to have the liens satisfied before you take ownership of the property.

Post: Long Island Investors

Brian CamPosted
  • Investor
  • Deer Park, NY
  • Posts 76
  • Votes 35

 Hey Thomas,

Although the barrier to entry in Long Island is very high (due to the high price of EVERYTHING), there are still deals to be found in both Nassau and Suffolk.  I have found some gems recently, but they came through very creative lead  generation techniques.  It's all about testing new list types and methods, and seeing which produce results. 

Feel free to reach out to me and we can brainstorm for a bit (that invitation is open to anyone else reading this as well)

Post: How do YOU stay involved in real estate when life gets in the way?

Brian CamPosted
  • Investor
  • Deer Park, NY
  • Posts 76
  • Votes 35

Hey Rodney,

I hear ya! I work a ton of hours for my full time job, and I have a wife and 2 babies that want some attention after a long day.  The key is to take small steps each day.  Make sure you are doing SOMETHING each day that will get you to your goal.  EX. Plan out 1 activity you can do that day, while you are on the road to work, make some calls or find leads on your lunch break (if you are lucky enough to get one).

When all else fails, you may have to stay up late into the night, but if you see a future in this business it will be worth it right? 

Good luck and here is a quote that always helps me, "entrepreneurship is living a few years of your life like most people wont, so that you can spend the rest of your life like most people can't

Post: Using Video to Sell Your Rehab

Brian CamPosted
  • Investor
  • Deer Park, NY
  • Posts 76
  • Votes 35

I like the idea of a video to promote the property.  However, I would have made it more informational (like listing the sq ft, bedrooms, bathrooms, etc).  I would have also made it less movie trailerish.  That's just my 2 cents though, it looks like a great house, and you have a buyer so that might be proof of concept!

Post: Any mentors on Long Island? (offering services in return)

Brian CamPosted
  • Investor
  • Deer Park, NY
  • Posts 76
  • Votes 35

Hey Michael,

I am willing to help as much as I can. Please don't hesitate to reach out with questions.

Post: Auto pay

Brian CamPosted
  • Investor
  • Deer Park, NY
  • Posts 76
  • Votes 35

Hey Joe,

Another option would be through Vanco payment solutions.  I use this for another business of mine.  They are super cheap (25 cents a transaction) and fairly quick as well.  I highly recommend them.