Without question, the biggest obstacle for most civil judgment holders will be their inability to locate the assets of the judgment debtor (the judgment debtor owes the money). It goes without saying: if you can’t find it, you can’t seize it!
When national property values begin to appreciate again? This is the issue of real estate professionals $ 64,000, investors and mortgage professionals would like to know. The truth is. . . [[This is only a summary. Visit my website for full links, content and more! ]]
Diana Olick’s latest column puts “principal writedown” in perspective: “The government is officially giving borrowers back home equity.
Yep, somewhere between $35 and $50 billion worth. Of course we’ve all lost over $5 trillion, but who’s counting? Lenders still aren’t required to do it, but they’re going to get an awful lot of taxpayer-funded incentives to do it€¦Let’s face it, the underwater issue (that is borrowers owing more on their loans than their homes are worth) is now far bigger than the subprime issue and the unemployment issue. Yes, it’s concentrated heavily in five states, but it still manages to plague home prices nationwide. People are walking away in greater numbers than ever before, and people who want to stay are unable to get into modification programs because of their overwhelming negative equity.
Profiting with Defaulted Paper –
Buy The Note From The Bank
Advanced Technique: Buy The Note from The Bank
This technique is for advanced user only. Did you know that you can buy the note from the bank at a discount even when the bank will not do a short sale? Amazing, I know, but true.
I finished the first video on fractionalizing a foreclosure, short sale or subject-to. I have to warn you in advance that the video is a little long (12 minutes), but I cover some pretty cool stuff.
Its amazing that you can now get control of a high end vacation home that you could not normally buy and never risk your credit or put up any money into the deal.