All Forum Posts by: Michael C Gregory

If you see a property owner who is in trouble, and let's say his loan is for $200,000, and the ARV is $180,000. And you want to offer him $117,000. How does this work? Will the deal have to go through a Short Sale specialist? If he agrees to the deal, what happens to the balance ($83,000) of his loan?

Thanks.

Michael C. Gregory

Remedy Investments, LLC

What do you do if your offer is lower than the loan they have on the property?

Mike

The title company that you work with can give you a lien check before you contract.

Mike

Chris:

Do you lend in Nevada?

Mike

I am doing exactly what you are doing. My friend just gives me a loan, and we draw up paperwork for terms on that loan. When it is time for money to get deposited into escrow, it will come out of my company's bank account.

Mike

George:

Do you have funding?

Mike

Dev:

When I market to NOD or Pres, and I say, "And, I can save your credit if you are in danger of Foreclosure," I can get into trouble? How and Why?

Thanks.

Mike

Shannon:

I don't see it. Where did you send it to?

Michael C. Gregory

Remedy Investments, LLC

I would like the opportunity to review also.

Nice. Thanks Brian.