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Need Foreclosure Help

This topic contains 26 replies, has 0 voices, and was last updated by Avatar of anonymous anonymous 15 years, 7 months ago.

Viewing 15 posts - 1 through 15 (of 28 total)
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  • #54
    Avatar of anonymous
    anonymous
    Member

    The Scenario:

    1st

    #7106
    Avatar of anonymous
    anonymous
    Member

    I have the success pack but do not feel too successful just yet with foreclosures.

    Any suggestions?

    thanks
    tomp

    #7107
    Avatar of peter@amakya
    peter@amakya
    Member

    When working with the Loss Mitigation Department you need among others things and it is dependent on the bank you are dealing with: -

    1.

    #7108
    Avatar of fred_2
    fred_2
    Member

    If you’re trying to short sale the first, you’ll need all the above.

    #7109
    Avatar of bigdaddy
    bigdaddy
    Member

    Uhhhh…. Am I missing something?

    #7110
    Avatar of anonymous
    anonymous
    Member

    Shawn,

    Back payments are approx $5,000.00 plus $2,000.00 in taxes.

    Seller says he can come up with a couple of payments to help -wants nothing out of the deal except to keep foreclosure off his name.

    Met with the seller last night and got two auth to release forms signed.

    Shawn, Email me at amglobal@sbcglobal.net

    thanks
    tomp

    #7111
    Avatar of bill_gatten
    bill_gatten
    Participant

    Hey! ?I’ll take a piece of that pie!

    Nice going Tom!!

    Bill

    #7112
    Avatar of bigdaddy
    bigdaddy
    Member

    Tom,
    I left messages for you on both phone numbers you left me.

    #7113
    Avatar of bill_gatten
    bill_gatten
    Participant

    Tom, if you?re going to deal with Shawn on this one…ask him why in the H… he didn’t show up for his own seminar.

    #7114
    Avatar of bigdaddy
    bigdaddy
    Member

    I got stuck with the strippers!! ;) I was dealing with 2 sick boys and mom was too sick to “mom” them.

    #7115
    Avatar of goldrush
    goldrush
    Participant

    Hi Shawn.
    Please forgive my ignorance.
    I am sticking my toe in the foreclosure waters here in my area and have several potential investors lined up for NARS trusts. I’m wondering how to structure the deals. In Tom’s deal, $7,000 plus “closing costs” needed, plus any money Tom wants to pull out up front, settlor will kick in a little cash to get the deal going.

    How much should the RB and the outside investor each come in with, and how would the outside investor be compensated (equity, cash flow, future appreciation…)?

    You and Bill both wanting a “piece of this pie” got me trying to figure out how to set up the whole thing.
    I guess I’m asking what “size of slice” you and Bill would each expect from a deal like this, as outside investors, in exchange for what size of capital input.

    At this point in time I am a Success Pack owner but not a Network Member. I understand there is a pool of investors available to network members who would be interested in deals like this, and I plan on becoming a Network Member in the future and utilizing this pool. I am wondering how to structure the deals to gain their interest and participation.

    Thanks in advance for your reply. I have already learned a huge amount from this discussion board.

    Mark (goldrush)
    accent_properties@yahoo.com

    #7116
    Avatar of anonymous
    anonymous
    Member

    After a few phone calls to the loss mitigation dept and their attorney they were elated to see someone was interested in bringing the loan current.

    Should have the reinstatement quote and the good thru date in a couple of days.

    Will keep you all posted.

    Thanks Shawn for your help no matter what Gatten says about you.

    tom p

    #7117
    Avatar of bigdaddy
    bigdaddy
    Member

    Mark,
    Every deal is different.

    #7118
    Avatar of bill_gatten
    bill_gatten
    Participant

    >A great time was had by all and I heard that
    >the “naked limbo contest” went better than expected!
    >(even though the strippers were busy with me)

    >Shawn

    Naked limbo.

    #7119
    Avatar of sserio
    sserio
    Member

    Wait a minute! I do not believe a STUD like [red]Mr. Bill Gatten[/red] and Viagra could not be mentioned in the same sentence.

Viewing 15 posts - 1 through 15 (of 28 total)

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