Probate Deal With Owner Financing, Bankruptcy and Non-Performing Junior Liens
Virtual Coffee Q&A Call – April 2016
So many great contributors this morning… John from Idaho was able to get owner financing on the purchase of a property in probate, but they needed more cash at closing than made sense for him to make as a down payment. We talked over ideas of how he could structure the transaction to meet the objectives of both parties.
Daphne from Illinois buys non-performing 2nds, and she was having an issue with one that was lien-stripped in California as part of a bankruptcy proceeding. Bac (Nico) from San Diego came to the rescue with some great information, as he regularly and almost exclusively buys NPNs that are in some stage of BK. He has a problem note in IL, so it looks like they will profit by working together.
Colleen was having a problem with a property near Joshua Tree National Monument, CA that wasn’t selling, and we talked about various marketing strategies. A couple others chipped in with great suggestions that I wouldn’t have thought of. AnDrew, a Realtor, made arrangements to follow up with her after the call… he had some connections out that way.
Those are just a few of the great things we covered.
Thanks, again, for participating in this wonderful world of owner financing and notes. Now go out there and do your part to create financial solutions, just one Mom n’ Pop to another 😉
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Once a month I host “Virtual Coffee”, a free Q&A call to discuss anything having to do with seller financing and notes, and to have a little fun while we sip our coffee together. This is the time to get free help from myself and others on the call. The insights you will receive will save you hours and relieve the stress of uncertainty.
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