Question: My son is paying on his house that was foreclosed a couple/few years ago: why does this happen after someone has bought that house?
Answer: – Well it’s probably because he agreed to pay a certain amount over time to satisfy the debt. It’s was either that or they probably told him they would file a judgment against him. That’s my guess.
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As for real estate technique specific books, I bought a complete foreclosures and short sale course on the internet. The course (4 books) that I bought was from foreclosureuniversity.com and by a guy named Jared Severe. His "Short Sale Secrets of the Wealthy" is absolutely fabulous!!!! It is just a straight forward, step-by-step guide to doing a short sale and includes every form that you need in the order you need them. It also explains how to fill the forms out and why you are doing it!!!!!! EXCELLENT! This is exactly what I have found to be lacking in so many other books.
Mike
Two months ago...if someone told me that I would have a deal going in real estate I would have told them they were crazy. I read the Foreclosure and Flippers books and started sending letters to people whose homes were up for sheriff's auction. I brought in an investor to buy the house and give my client some money to help him start over. The profit on this property will be about 40k. Not too bad for sending out a few letters.
N. Donahue, OH
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