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Making Big Money Investing In Foreclosures Without Cash or Credit, 2nd Ed. (Paperback)

Wednesday, August 19th, 2009

Making Big Money Investing In Foreclosures Without Cash or Credit, 2nd Ed.

From the Author
In 2003, I co-authored the original award-winning Making Big Money Investing in Foreclosures without Cash or Credit that showed people around the world how to easily grasp the hidden techniques to successfully make big money in foreclosures. Since then, so many people from around the world have told me how investing in Foreclosures has changed their lives. Grab your copy of my ALL-NEW, EXPANDED EDITION of Making Big Money Investing in Foreclosures withou (more…)

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Posted in Foreclosures @ Amazon | 10 Comments »

In A Home Foreclosure Do You Still Have To Pay The Difference Between Your Mortgage Balance And Sale Amount?

Monday, June 22nd, 2009

Hi, the real answer is dependant on both your state and lender. For example, in California, we are a trust deed state and therefore, the lenders are not able to get judgements against us should they take a loss on the foreclosure. Their only recourse, should they use it, is to report the loss to the IRS by doing a 1099, in which you have to pay taxes on the money lost.
It is dependant on your lender as to what they do based on state laws and the options available to them, such as if they were able to recover the loss by their insurance.
Regards

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Posted in Q&A Real Estate Foreclosure | 4 Comments »

Rental Home In Foreclosure When Do I Move Out?

Sunday, June 21st, 2009

The rental home I’m in is in foreclosure and scheduled for sheriffs sale in 3 weeks. The owner has plead guilty to mortgage fraud in relation to his mortgage business he was in.
He is pending sentencing. I know this guy is not going to retain this house. At what point is my lease dead? After the sheriffs sale? or After a redemption period? (5 wks or 6 months)
Also, If I’m in the house up to the very last day prior to the bank changing the locks, what if the owner wants to clear it out like he has stated to me. HE wants to come in and take all the appliances, wants to pull out toilets, sinks, lighting, basically he told me when he loses the house he is leaving walls for the next owner/bank. Can he do that? Should I let him in?

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Posted in Q&A Real Estate Foreclosure | 8 Comments »

Home In Foreclosure, Moving To Another State, What Are The Chances They Will Try To Collect Shortage?

Monday, June 15th, 2009

I’m from MA, moving back there after losing my home in RI. I know that MA has a provision to prevent recovering shortages on foreclosure sales. I don’t think that exists in RI. As a MA resident, will they be able to pursue me there for judgment? What is the likelihood they would try to recover when I have no assets, no property and very poor credit. Thanks.

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Posted in Q&A Real Estate Foreclosure | 8 Comments »

How Do I Get In On The Foreclosure Home Action?

Friday, June 12th, 2009

I live in South Carolina and would love to know if there are any decent foreclosure homes in my area. But everytime I try to look something up online (Hud, etc.) they want a fee or a free trial… provided I give them my credit card number. Is there a bank I could contact, or maybe police auction?

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Posted in Q&A Real Estate Foreclosure | 6 Comments »

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