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All Forum Posts by: Patricia Cote

Patricia Cote has started 4 posts and replied 16 times.

Post: Is the Tax Delinquent Blueprint legit?

Patricia CotePosted
  • Investor
  • Pensacola, FL
  • Posts 16
  • Votes 4
Quote from @Adam Jones:
Quote from @Patricia Cote:

I bought the Tax Delinquent program. It was very detailed and probably will work very well. I wanted to do it because it reaches out to sellers that are behind in taxes and it gets their attention and they trust you so they reach out to you. 

I didn't implement it because I didn't feel comfortable setting up an official government-looking website and letterhead, tell them you will send them money to pay their taxes, then tell them that you can't. 


 Patricia.  Can you explain more about the bait and switch you are talking about?  The pitch is they call looking for advice and then you tell them their three options. Cash Sale, list it, or ? They dont really tell you the third thing.  Is this the third thing? we can pay for it then change the story? Any insight would be helpful.


 I don't remember what the options are, since I stopped after they said that you tell them you will pay their taxes, submit it to your department to approve it, then tell them they're not approved. Of course, after you tell them that, you do keep trying to help them, and work out a deal that everyone is happy with in the end. But I couldn't get myself to do what I considered lying, to folks who are behind in their taxes. 

Post: Is the Tax Delinquent Blueprint legit?

Patricia CotePosted
  • Investor
  • Pensacola, FL
  • Posts 16
  • Votes 4

I bought the Tax Delinquent program. It was very detailed and probably will work very well. I wanted to do it because it reaches out to sellers that are behind in taxes and it gets their attention and they trust you so they reach out to you. 

I didn't implement it because I didn't feel comfortable setting up an official government-looking website and letterhead, tell them you will send them money to pay their taxes, then tell them that you can't. 

Post: Which comes first in a preforeclosure: contract or call the lender?

Patricia CotePosted
  • Investor
  • Pensacola, FL
  • Posts 16
  • Votes 4
Quote from @Minna Reid:

Remaining balance and payoff amount are not the same. Pull the payoff statement before you make any decisions.

Thank you! I was waiting on the payoff statement and when I received it, I was surprised at the high amount. Three years of non payment adds up. 
thanks again.

Post: Which comes first in a preforeclosure: contract or call the lender?

Patricia CotePosted
  • Investor
  • Pensacola, FL
  • Posts 16
  • Votes 4
Quote from @Chris Seveney:

@Patricia Cote

Get the payoff first. But have you checked title to make sure there are not additional liens or unpaid taxes?

Once you get the payoff you can then determine if it’s still worth pursuing

Thanks! Yes, finally got the payoff and payments and taxes haven’t been paid for three years. There’s still room for profit tho. I’m learning so much from this deal…
thanks again

Post: Which comes first in a preforeclosure: contract or call the lender?

Patricia CotePosted
  • Investor
  • Pensacola, FL
  • Posts 16
  • Votes 4
Quote from @Minna Reid:

Remaining balance and payoff amount are not the same. Pull the payoff statement before you make any decisions.

Yes I realized that. Usually the payoff is less. In this case the payoff was 50k more because it included three years of back payments and taxes. Thank you!! 

Post: Which comes first in a preforeclosure: contract or call the lender?

Patricia CotePosted
  • Investor
  • Pensacola, FL
  • Posts 16
  • Votes 4
Quote from @Eliott Elias:

It depends on your exit strategy. If you are working subject to, you leave the purchase price blank, and leave it open to the remainder of the balance of the loan. The seller should have somewhat of an idea of what they owe. Your purchase price should be above that.


 Oh I forgot to mention that, my exit strategy is to assign it wholesale. Great, yes, we know the balance remaining and I can make my offer above it.  Appreciate your response!!! 

Post: Which comes first in a preforeclosure: contract or call the lender?

Patricia CotePosted
  • Investor
  • Pensacola, FL
  • Posts 16
  • Votes 4
Quote from @Bob Stevens:
Quote from @Patricia Cote:

My first time dealing with a property that has been served lis pendens but not the final foreclosure notice. Seller agreed to let me contact their lender for payoff amount.  Do I get it under contact first or call the lender for the payoff / short sale first?  Seller wants to sell it to me for the amount the lender will accept. Thank you!!!


 If its a short sale you need to negotiate with the bank , this can take years. You need LOA from the owner sent to the bank 1st Just make sure you know your numbers

Good luck 


 Yes, thank you! Yes, the LOA is on its way to the lender right now. 

Post: Which comes first in a preforeclosure: contract or call the lender?

Patricia CotePosted
  • Investor
  • Pensacola, FL
  • Posts 16
  • Votes 4

My first time dealing with a property that has been served lis pendens but not the final foreclosure notice. Seller agreed to let me contact their lender for payoff amount.  Do I get it under contact first or call the lender for the payoff / short sale first?  Seller wants to sell it to me for the amount the lender will accept. Thank you!!!

Post: Title Company error cost me money

Patricia CotePosted
  • Investor
  • Pensacola, FL
  • Posts 16
  • Votes 4

Final update. I filed a claim in small claims court. About a week before the court date, the title company called and had a check for me. 

Apparently when they were served the papers, they contacted the end buyer and received the funds.  

I picked up the check last week and cancelled the court hearing. 

Another lesson learned.

Post: Title Company error cost me money

Patricia CotePosted
  • Investor
  • Pensacola, FL
  • Posts 16
  • Votes 4
Quote from @Chris Seveney:

@Patricia Cote

Do you have any contract agreement that says you get the $2500 back?


 Yes, in form of a receipt from the title company.