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I've been looking at Chapter 7 and 11 bankruptcies. In the motion to sell documents it usually states the property is "subject to all liens and encumbrances, if any" and then usually follows a list of the liens in the...
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I have been looking at properties that are in pre-foreclosure, who do I speak with about the property? Do I just contact the home owner and ask if they are willing to sell the property at what they owe to the lender?
Greetings from Asheville.I've just run into what I think is a major snag into doing foreclosure rescues using "Subject to" financing in North Carolina due to NC General Statute § 75-121. Here's what it says in a nutsh...
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Hi everyone! I'm new to real estate investing so I have what might be a newbie question. So I have a friend who wants to sell his home pretty soon. The house was purchased in 2009 for around $20K - $40K less than w...
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Hi all. Texting with a few agents and I want to pitch creative finance/subject to. Does anyone have a quick script on how to pitch it/describe it in a few sentences so they don't just immediately say "not interested" ...
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I'll try to be as detailed as possible here, with approximate numbers. My co-worker had a death in the family, and in turn, inherited a house. The house is still owned by the bank, and it is still mortgaged for about ...
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I'm working with a seller to stop his foreclosure; the 1st (Wells Fargo) has been in default for over two years, foreclosure is scheduled April 1st, they are still interested in being reinstated. A 2nd (US Bank) is a...
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Hi all,I've got a question on subject to deals. Have any of y'all been successful in a subject to where the owner is behind on payments and the mortgage payments are higher than what the market rental comps are? The s...
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I've been thinking about buying properties from people who have a second mortgage and third mortgage on 2-4 unit buildings. My problem is, I just can't decide whether I should make the time investment to focus on the ...
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Hey guys,A friend of mine that I work with lives in Portland Oregon (technically in Hillsboro).He wants to buy a $500k house, but is having trouble getting a loan because he had a foreclosure 4-5 years ago.Now he has ...