Buying Houses That are Behind in Their Payments but Not Yet In Foreclosure
Part II of our Foreclosure Webinar Series
VIRTUAL MEETING (ZOOM LINK)
In part II of a two-part series on foreclosure
In part 1 (Oct 19th, 2022) ICOR members will have the opportunity to learn about foreclosure investing.
In part II, you may have discovered that some people are behind on their house payments but not yet in foreclosure.
These are people for whom you have a unique opportunity to structure creative deals that can be a win for them and a win for you by solving their problem and letting you get into the house in a good way.
Depending upon the underlying financing and other tax issues, sometimes you’ll buy the property subject to the existing mortgage, and sometimes you’ll buy it with a wrap.
The idea is to solve the problem by preventing the house from going into foreclosure, save the seller’s credit, and get you, the investor, into a good property that will cash flow.
For More Information:
Jeffery S. Watson is an Ohio attorney who has had an active trial and hearing practice since 1991. Jeff has also been a real estate investor since 1994, investing in both residential and commercial properties. He currently represents established real estate investors in commercial and residential matters when the transactions involve self-directed retirement accounts. He has become recognized as a thought leader and teacher in the field of real estate investing, self-directed retirement account transactions and wealth protection.
Jeff is general counsel to the National Real Estate Investors Association. He advises four different national organizations with a combined membership of over 100,000 investors.
From 2010 to present, he has led a lobbying effort in Washington, DC on behalf of real estate investors which has brought about several changes in both government regulation and policy on distressed property purchases, taxation and resales.
In Ohio he works with the Ohio Division of Real Estate on teaching compliance in the area of wholesaling real estate.