John Schaub – Buying Property From Owners & Lenders in Distress

Buying Property from Owners and Lenders in Distress

Here are some of the topics John Covers:

• Not All Distress Is Opportunity
• Specialization – The Secret of Consistent Buying
• Knowing Your Market
• Knowing Your Limits
• Solving Financial, Not Physical, Problems
• Understanding The System
• Notes and Security Instruments
• Some Liens Are Better Than Others
• How and Why Foreclosures Occur
• The Foreclosure Steps
• Rights of Redemption
• Foreclosure Time Line
• Leverage
• Mortgage Insurance
• Buying From Sellers Before the Sale
• Finding Sellers Who Need Help
• Spreading the Word that You are a Buyer
• Leads from Lenders
• Buying Loans That Have Gone Bad
• Solving Both A Lender’s and a Seller’s Problem
• Talking Turkey to Owners
• Getting Attorneys to Respond
• Selling Quickly to Maximum Profits
• Buying From Sellers Who Have No Equity
• Refinance and Overburdened
• Cash Poor, But Other Equity Available
• Solving Serious Problems for Serious Profits
• Structuring Agreements That Let The Owner Stay in the House
• Purchase-Leasebacks
• Prepaid Rent in Another Property for Equity
• Selling the House Back to the Owner is Dangerous
• Never, Never Make a Loan to an Owner in Distress
• Dealing With Hostile Tenants in Residence
• Buying From Builders in Distress
• Making Offers to Lenders
• Buying at Foreclosure Sales
• How Foreclosure Sales Work
• Knowing Your Local Rules
• Preparation Offsets Risk
• Borrowing the Money to Bid with from Private Sources
• Buying from Lenders after a Foreclosure Sale
• Financing REOs with the Lender/Seller