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1 March 2024 | 5 replies
Hello,I reside in Orlando, Florida, and am interested in purchasing a foreclosed property to implement the BRRRR strategy. Although I've gained some knowledge through reading books and online research, my experience i...
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1 March 2024 | 8 replies
@Javed HussainI think the question was geared toward can you get financing at a foreclosure auction.
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29 February 2024 | 9 replies
If not, you are not getting anything at the auction.
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1 March 2024 | 7 replies
Question:Now that the auction sale has occurred, is it possible for the holder of the junior deed of trust to sell / assign / grant the junior deed of trust so the redemption rights can be exercised to purchase the property?
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1 March 2024 | 3 replies
I'd like to begin investing in foreclosure auctions and want to make sure I'm following all the right steps.
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3 March 2024 | 22 replies
Cold calling building owners, mailer campaigns, text campaigns, online community groups, lender referrals, live auctions.
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1 March 2024 | 4 replies
If I bid and win on one of these auctions and there is no other foreclosure pending, do I get Title to the property and then negotiate with the lender to assume the existing mortgage?
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1 March 2024 | 6 replies
You can get financing, it has to be bought before the auction date.
1 March 2024 | 6 replies
Thanks in advance Florida is a super lien state, so depending on when the condo was created the entire lien amount could be owed by the buyer or a portion (I believe lower of 1% of the purchase price the person being foreclosed upon paid or 12 months HOA fees, whichever is lower).Definitely will want to look into that.Chris, that 1% of the loan/12 month cap is only for the foreclosing lender if They get it back at the auction.
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1 March 2024 | 28 replies
Since you are in escrow seems like it's pre-foreclosure not an auction sale?