Foreclosing on a Private Real Estate Loan from First Position When You Want the Property
Owner Financing & Note Investing Podcast with Dawn Rickabaugh
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Show Notes
In this session of Property & Paper Live, Ken brings up a pending foreclosure. He really wants the property, and is considering bidding at the Trustee Sale. There is a 2nd that is in danger of being completely wiped off. He could offer to buy the 2nd at a discount and foreclose from that position to greatly increase his opening bid and almost guarantee he'd get the property with the opening bid. But then he'd have to start the foreclosure timeline over again. Maybe if he'd thought of that earlier on, it would have been a good option. We also talk with others on the call and end with sharing a way to get help submitting owner financing offers so you can buy your home or investment property without asking a bank for a loan!