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Click to view LUCKIEST's profile SCORE LUCKIEST 7,938 posts since
Aug 6, 2007
0. Re: Need investors for Homeowners Forclosures Dec 29, 2008 4:19 PM
Need investors for Homeowners Foreclosures, Welcome Chris

Tell me more. How long have you been in business??

Do you have an Accountant?? A Federal I D Number??

As an investor one of the first items that I want to see is a Business Plan.

Talk to me, LUCKIEST
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Click to view nilads's profile Mogul nilads 32 posts since
Dec 25, 2008
1. Re: Need investors for Homeowners Forclosures Dec 29, 2008 4:49 PM
in response to: KYChris
If I'm reading you correctly you and your potential investor want to fund the homeowner that is going into foreclosure and they will sign their property over to you to sell at a profit????? how are you helping the homeowner????
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Click to view KYChris's profile Professional KYChris 3 posts since
Dec 29, 2008
2. Re: Need investors for Homeowners Forclosures Dec 29, 2008 6:17 PM
in response to: nilads
The Homeowner does not sign the property over to me, just the home (as well as the lien) Once I pay off the back payments, fees, etc. it will stop forclosure proceedings. The Homeowner NOW does not have a forclosure on thier record. I in turn, sell the house, give my investore his money back with a profit, as well as offer the Homeowner some cash as well. I hope this explains what my business is for you. Thanks for your inquiry.
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Click to view nilads's profile Mogul nilads 32 posts since
Dec 25, 2008
3. Re: Need investors for Homeowners Forclosures Dec 29, 2008 10:04 PM
in response to: KYChris
I have heard of this helpfulness. I am also aware that folks try to take advantage of homeowners in distress...they don't make the payments on the homeowners behalf as agreed and the homeowner with the loan obligation is left holding the bag. I have heard these so called helpers put in renters, collect rent monies...don't make the payments as agreed since it takes time for banks to forclose. This in turn could cause more hardship not only for the renters but as well for the homeowner.

I am not saying that you would do that to anyone...I'm merely aware. I believe a short sale is more beneficial to the homeowner and the bank.
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Click to view nilads's profile Mogul nilads 32 posts since
Dec 25, 2008
4. Re: Need investors for Homeowners Forclosures Dec 29, 2008 6:42 PM
in response to: KYChris
so in essence you will search for homeowners with substantial equity who are in foreclosure ?
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Click to view KYChris's profile Professional KYChris 3 posts since
Dec 29, 2008
5. Re: Need investors for Homeowners Forclosures Dec 29, 2008 7:14 PM
in response to: nilads
Yes I will. I have the tools to do so. I hope I was able to portray my Business for you. Thanks for your inquirys. Best regards, Chris
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Click to view nilads's profile Mogul nilads 32 posts since
Dec 25, 2008
6. Re: Need investors for Homeowners Forclosures Dec 29, 2008 7:22 PM
in response to: KYChris

what part of the country are you in?
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Click to view KYChris's profile Professional KYChris 3 posts since
Dec 29, 2008
7. Re: Need investors for Homeowners Forclosures Dec 30, 2008 7:53 AM
in response to: nilads
I'm located in southern Kentucky but because Kentucky is a Judicial State, I will be finding homes in Tenn. Mostly the Nashville area.
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Click to view Gourockian's profile Start-up Gourockian 2 posts since
Sep 28, 2008
8. Re: Need investors for Homeowners Forclosures Dec 30, 2008 8:22 AM
in response to: KYChris
I may be missing something here but the way I see it, the home is the property! How can you separate one from the other? Also, if you sell the home, not only does the homeowner have no foreclosure on their record, he no longer has a home! Is that what you would call being helpful to the homeowner?
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