All Forum Posts by: Lenny Reddic

I noticed this was an old thread but in Texas and Florida, TAXNETUSA would be worth a try.

You could put a home security internet surveillance sign in the yard so they think the house is under surveillance or something similar.

Thank you all for your replies. The property was auctioned on the courthouse steps but didn't sell It has not yet been listed on the MLS. Is there a technique to make on offer on the property before it is listed?

Hello all, I have a lady who just moved out of her house 1 month ago after filing bankruptcy because she was on a ARM and the payments just kept getting higher and higher until she couldn't afford the house anymore. She purchased the house in 2007 at 173k, and the house is only worth about 90-100k in today's market. She has already moved out but the bank has not yet foreclosed and the house wasn't destroyed.

She desperately wants the house back! The problem is I don't know what method to use to take control of the house. Do I try to buy the note? Do I try a short sale? Do I get her to quit deed the house to me?

Also the mortgage company's attorney sent her a certified letter saying it was gonna be sold on courthouse steps on oct. 7th, so she moved out on oct. 1st. I had a realtor friend look up the address in tax records and the house is still showing in her name on the MLS.

I understand there is no equity in the house so i guess what I'm trying to do is purchase the house or the note at a very discounted rate and then do a lease option the the old owner. The value I see in the property is that it has a built in buyer. I know this person so I know how valuable the property is to them. Please any advice at all would be greatly appreciated be it negative or positive.

Ok here goes.... first the mother dies, then the father dies and there are 3 kids (all grown) but after the father died neither of the kids done anything to settle the estate or anything, they can't even find the will, they know there is one but they cannot find it.

Now the city is threating to sell the house for back taxes, I'm pretty sure there is no mortgage on the house and the father has been dead for 2-3 years now. They are motivated to sale but they dont know how to proceed with the probate and all and with no will I dont know what to tell them either.

Only one son has been keeping the grass on the property cut and there others have done nothing to or for the property. How do we get clear title on this property in order to proceed with the sale and deal with the tax issues?

Thank you very much in advance because I have been tossing on this all week.

Wow, the irony, I've been hoping to hear a few of your views, I'm just sad I have to hear it like this. But to answer your question...this is a very boring post, case n point, the topic of my thread. I don't know very much unless it has to do with mortgages, but I will do anything I can to help anyone here.

Sometimes it just don't feel the reciprocation. If the thread was out of line, then I apologize.

I'm learning that a thread must intrigue it's readers in order to get a response, but let's face it, some threads are just down right boring, but sometimes just a lil bit of advice can mean the world to a newbie.

Hello, all, I'm wondering if anyone knows of a good mailer to send out to people who's home is coming up for tax sale or any other good marketing plan for this niche? Or there any other incentives to make a home owner who's property is about to go up for tax sale wanna sell their property, and what is a good approach?

You could mark the price of the purchase to $127k and offer maybe a 10-15k furniture allowance as incentive or maybe some type of "legal" lien on the property by a third party that must be paid at closing. But the buyer will still have to have whatever the downpayment is and it will definitely have to be seasoned and have a trail.

No matter what you decide, just make sure whatever you "attempt" that you place it on the HUD "before" the LO submits the file to the lender, otherwise it's illegal. If the lender accepts it, they accept it, if they don't they don't.

I will tell you this much though, as a loan officer myself, I have seen many people try to give borrowers money back in a lot of different ways, and the one way that seems to get approved by a lender more than others is when a third party puts a "marketing and consultant fee" lien on the property. Which means the seller has to pay that fee at closing to the alleged consultant and marketing company. Well GL with your situation, hope all goes well.