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Virtual Coffee Q&A – Probate Deal With Owner Financing, Bankruptcy and Non-Performing Junior Liens, etc. (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.

As always, thank you so much to those who spent the time to be on the call, participate and share their expertise… I appreciate the value that comes from the group experience. Go forth and continue to create financial solutions, one Mom n’ Pop to another 😉

To find out when the next Virtual Coffee Q&A call will be you can reference our Facebook Events.

Click play below (or click the image below) to hear the April 2016 replay:

owner financing club

 

 

 

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