Comments on: Another lesson learned on pre-foreclosure properties. http://www.taiwanjack.com/economy/housing-market/another-lesson-learned-on-pre-foreclosure-properties/ Living life as full as I know how to Wed, 17 May 2006 20:43:01 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Tom http://www.taiwanjack.com/economy/housing-market/another-lesson-learned-on-pre-foreclosure-properties/comment-page-1/#comment-12 Tom Fri, 10 Mar 2006 02:36:32 +0000 http://www.taiwanjack.com/2006/03/08/another-lesson-learned-on-pre-foreclosure-properties/#comment-12 Now you might have motivation. I don't know how you've contacted the owner before but now might be a time to remind him that he hasn't paid the debt. If the attorney has filed for an auction date, you can find that out and remind the owner. If he's ready to talk then you can go there and visit with him, check out the repairs and offer to reinstate the mortgage in exchange for acquiring the property subject to the existing financing. Essentially you bail him out, assume the mortgage, and most importantly take title to the house. Just make sure he moves out. Now you might have motivation. I don’t know how you’ve contacted the owner before but now might be a time to remind him that he hasn’t paid the debt.

If the attorney has filed for an auction date, you can find that out and remind the owner.

If he’s ready to talk then you can go there and visit with him, check out the repairs and offer to reinstate the mortgage in exchange for acquiring the property subject to the existing financing. Essentially you bail him out, assume the mortgage, and most importantly take title to the house. Just make sure he moves out.

]]> By: Trisha http://www.taiwanjack.com/economy/housing-market/another-lesson-learned-on-pre-foreclosure-properties/comment-page-1/#comment-10 Trisha Thu, 09 Mar 2006 06:50:46 +0000 http://www.taiwanjack.com/2006/03/08/another-lesson-learned-on-pre-foreclosure-properties/#comment-10 Oh, cool! Best of luck! I'm rooting for you! Beware of any possible ringers in the crowd at the auction. Oh, cool! Best of luck! I’m rooting for you! Beware of any possible ringers in the crowd at the auction.

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