I receive a local newspaper and in the back there are Public Notices such as "Fictitious Business Names" etc, there are also "Notice of Trustee Sale" it lists the property address, how much is owed, the owner and when the auction will be. Are these foreclosures, preforclosures? Where do I find the forms for Investor Disclosure Statement & Sellers Acknowledgement, the Property Disclosure Statement and the Discharge of Purchase Agreement AND last but not least. How do I find a decent RE Attorney in my area besides thumbing through a phone book?
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Found some answers
Ok gang, I found some answers. If you google for these forms, you will probably just get referred back to the DG website. The nice thing is that it will take you directly back to the form in question on the forums, there you can download what you need. If you can't find what you're looking for just google again, I found everything I needed for free and just downloaded them. Now RE Attorneys anyone?? and anyone know anything about the newpaper question??
I think the NOD or lis pendens in the newspaper....
are preforeclosures.I am just trying to find out HOW to get these properties!I watch them and mark them before they go to auction, the first Tues. of the month here. However, I cannot buy them, though open to the public, is a monopoly on them with the lawyers,investors, etc., hence "the little white hairs men club" syndrome BAD around here! They snatch them all up-hands down! SO, I figure I can contact the owners befoe the auction, as this is in Pre-foreclosure?Just to figure out HOW to go about this, aah to save the Homeowner from ruining their credit and give them some move money? Any suggestions? I have read books on this and "they" say to pick the homes with the oldest date, so I have done that. Now, contacting the owner and what/how to do?? As usually the auction date is 2 weeks away!
I see what you mean
In the newspaper it lists the address and the
name(s) of the owners. So could these be used as assignment deals? If so, I'd have to have my buyers ahead of time to jump on them. Now about the RE Attorney question - anyone??
Speaking advice...
Well first thing when you contact the owners make sure of course to be polite and also study up hard on both the area and knowledge about offering pre forclosure help so you sound upright and know what you're talking about. Be READY for any questions they might throw at you offering solutions that are gain for you both. Let them know you're there to HELP, if you come off as you're trying to push them out the door to make a quick buck you probably wont get the coroperation you're looking for.
Also crunch some numbers about the property and show them how much it is a benefit to have you get them out of that pre-forclosure mess.
owner contract
Hello everyone im looking for some help. I have a seller wanting to get rid of 3 houses. 60k for a house and 40k for another house both are on the same loan and she is using a hard money lender. Im trying to get the answers from her on what the terms are so I can make a fair offer but my question is? Is 200 dollars amonth profit on rent tomuch to ask for she has a payment of 1,100.00 a mint for the 2 houses and im finding it hard to figure out a fair offer to give so I can get that 200 dollars a month. Any advice anyone. Also how do I get around the 20% down