Secrets to Foreclosure Auctions and Tax Deed Sales
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- เผยแพร่เมื่อ 2 ต.ค. 2024
- Discover what to do (and what NOT to do) when buying real estate at Foreclosure Auctions and Tax Deed Sales (also known as Tax Foreclosures). Although there are many pitfalls, this video shows you how to steer clear of them as well as make wise decisions when bidding. This is a must watch for anyone considering bidding on a property at a foreclosure auction or tax deed sale (tax foreclosure).
What an awesome, unselfish presentation. You will continue to be blessed for teaching others who are willing to learn and grow in this exciting and often fun game. Totally worth buying a book or two in my opinion. Thank you.
fuck your games im in the middle of one and found all this out now am going to do all i can to fuck it up for the spectator who is using me as a sport
@@ireyreyiii7023 What do you mean?
@@ireyreyiii7023 ?!! What in the world are you talking about?
Eu não tenho ideia de que horas ❤❤❤❤ e ❤❤❤❤❤❤❤❤
I was once a Home Owner and had Income Property I helped out a Friend who I thought was a friend but really wasn't with a Loan dealing with real estate and lost a lot because of it. The information I learned today could have saved me my Properties.
I Thank You for your educational courses on Real Estate I have learned so much in a short period of time may God truly Bless you and your Family for sharing this Awesome Information two all of us who were once lacking in thia area of knowledge.
You’re a good person, truly handing out knowledge. No game
Just subscribed. Gonna play at auctions until note buying comes back around!
Thought maybe you would cover eviction if the property you won happens to be occupied.
This type of eviction(as are most evictions) is state specific so he may have skipped it for this reason.
This video has saved me from a disaster before me getting my self into a disaster! I planning to buy an auctioned fourplex worth 800,000 and priced at 500,000 and knowing none of the rules. I guess the lesson I learned is it is better to be patience and reduce risk rather than rush into a deal without knowing the rules.
That is definitely the lesson. I'm thrilled you were saved from a complete disaster.
Found the open window?
Cheers for the Video! Excuse me for butting in, I would appreciate your initial thoughts. Have you researched - Ponillian Intellective Position (probably on Google)? It is a smashing one of a kind product for finding government auctions near you without the headache. Ive heard some interesting things about it and my close friend Aubrey finally got cool success with it.
@@freedom_mentor How do bidders win the auction if the final bid is below the judgment amount? Does this mean it gets put back to auction? Thank you
Wonderful info, thank you for doing what you do. You save more ppl than you may realize. Much appreciated
his energy and personality got me real pump and ready to BID NOW lol!!
Thank you so much for sharing your knowledge with us. There are so many jerks out there who give a tiny bit of info and the rest of the video is all about selling their products to us, in order to get more info. You are truly awesome for sharing so much info, enabling and encouraging even the poorest of us to do something to better our lives.i have no money but am encouraged to somehow try to save up enough to buy at least a tax lien as the first move. I will be watching your videos regularly and use them to get out of my situation, get ahead, and go beyond that. Thank you again
Well I had my eye on a property and I did some digging found out that the house was sold about 10 years ago and it was never resold it's not up for auction it's not behind on any taxes yet the property is empty what else can I do to get more information on this? place cuz I really want to purchase it possibly personally for me or just an investment property I don't know yet.
Vic,
Sometimes you have to be creative and be your own detective. I wanted to purchase a lot adjacent to my property. First place I looked up was the property tax office(on line). It gave me the name and address of the current owners. I sent a certified letter to the address listed on the tax records, notifying the current owners of my intent, but the letter came back undeliverable. My next stop was the good ole Facebook. I looked up the owners (more like trolled) and learned that they live outside the US and owned a business. Since their Facebook was set to private I wasn't able to contact them that way. I successfully contacted the lot owners via their email address listed on their business website. The rest is history.
Think outside the box. You'd be surprised how much of a foot print we leave all over the world wide web and social media.....kinda scary if you really think about it😳
This was great! I'm 25 and only recently learned about mortgages, so I've been deep diving internet research about everything else. I haven't bought a home yet, but I really want to know how to swim before jumping in the waters! You're a great teacher, thanks!
Im not suggesting you do this, but... ✌Some People I Know✌ ... XD
Peace...?? 🤫🙄I’d say the appropriate symbol is 👹🤟🏼👺
3:53 was so motivational! Thank you, attending my first auction tomorrow!!!
First of all thank you for the sound of the video!
man this is great. i have bought around 300 properties at foreclosure auctions over the past 12 years. i have learned some very expensive lessons. while there are a lot more pitfalls and details, this is a good primer. and when i get outbid, it just means that somebody was willing to pay too much. good to keep that in mind.
Eric Pinter how can I get my foot in the door with little money??
Can’t buck up and find ways to save no shortcuts
@@bloodcuz6199 you can find property or deals for others. A broker essentially, but not needing to be licensed. You flip the paper. Find buyers, then find property. If you have legitimate letters of intent and signed contracts, you can get funding privately or through lending institutions. You're just collecting a finders fee. That's the no skin in the game way to get started. Plenty of other videos about this. Kris Krohn shows you this and other ways to buy and hold it with no $ down as well. Good luck and have fun!!
I’ve been under contract for 18 months on a property where probate wasn’t filed however the attorney is handling it. The reason I have hung on for so long is the equitable position. I’m contracted at $40k and it was previously listed for $625k. I’m plan to hold and leave it out for income for now.
Thanks Phil for the wealth of information. Knowledge is power!
Buying a townhouse or condo is like renting a apartment🥴🤦♀️😩💰Thank you
Kinda, but you get more than your deposit back when you move and sell. How come you say that?
I want to purchase my first home this way.Free and Clear.
Cant stop watching the guy, He's Great. Im in for 8 hrs n not stopping. Thanks Phil
Secret to your success is your sharp personality. Look at your eagle eyes lol and the head movements that is mark of a confident successful man
There are many components to running a cleaning business. One resource I found which succeeds in merging these is the Agelmar Closure Clear (check it out on google) without a doubt the most helpful guide that I have ever seen. look at the great info.
Cheers for this, been searching for "bank of america owned real estate" for a while now, and I think this has helped. Have you ever come across - Qenten Forecloseify Discovery - (do a google search ) ? Ive heard some extraordinary things about it and my buddy got amazing results with it.
Your real estate information presentation is the first I've been able to understand. I've listened to other people, (legends in real estate investing), and came away more confused. I hope to watch and learn.
Thanks.
Thanks for the info. I planing on going to my first Judicial Sale with 20,000. Trying to do enough research before I go.
hey phil,...nice mohawk..ha. great video,im trying to fiqure out my bid. its a tax deed propertie. i missed the last one i bid on by 2ooo.. . im retired and a very good rehabber,this thing is a real pig.. i mean diamond in the rough. i hope i can get it. thanks again
Woww, thank so much for guide us , save us time, $ and Headaches. You are great!
Dam this makes house buying sound so complicated.
POPJack1717 ii
lol my head is spinning!!
@@powerprofitsuniversity7847 lol shameless plug
*Actually, because your money was tied up for so long, and because of how much money it was; you lost about $5,133.33. You lost that much money because of inflation, which is about 2% each year.*
Love
Even though this is an older video I just became a subscriber because you are still making videos and helping people out.
For that I say thank you.
This video is packed with valuable information. No fillers. I thought I knew all about foreclosures until I watched this video. You are a great teacher.
It's been my experience that banks never loss money...they bid the house up because they have mortgage insurance. They file a mortgage insurance claim then sell the house 12 months later...double dipping.
What should the percentage be between the opening bid and the value/condition? In your example you did a 100% markup.
Offer an amount that might knock out others who want to start ultra low.
"This was a long time ago". lol. Thanks for the info.
my goodness this was some great information. you see im the home owner and me and my wife are going thru a divorce. im a college grad so i dipped my toes in finance and real estate and was held in contempt during the case but they let me out and i still had the house. weeve been back to court 3 times for the house and i felt it that they were going to hold me in contempt again. so the secret warrents didnt stick and then i found the sec file number and started to fallow the story. i found out everything they did and the video game company they made and all the investers doing there 7 hour thing on me.. ive been going pro se this whole time and from man to man father to tather if you have a kid.. well i havent seen my baby girl in since october and its april already and with the prejudgment intrest my wife got i cant see my baby because they where expecting to lock me up . well they put it on the paperwork and passed it as valid because i didnt show up to the hold me in contempt at 4pm court hearing yea right who goes to court at 4pm and they have only what the minicple advisers told them under the table and made there judgement, now im free but in jail because i cant see my baby. what you investers dont understand is you get a surety and the guys job is to make sure im doing what im not suppose to be doing. yea its my choice i dont have to but hey your kids no where in site so its like a vacation you just lost your job because the first contempt so what the heck indulge a little they are your friends they care about you . yall are commiting crimes together doing favors for eachother the whole 9 yards of a freindship turns out hes the bond guy who your wife hired to get you out of the house. wait a minute its the new property owner getting the warrent. he buys it for cheap because my ex wife sold something that wasnt all hers. just recently the title company changed and when i asked how long they owned the title she took a while to say "that info you can just log in and find it online.. well i was ORDERED to sell the house in 30 but that was a year ago. now all of a sudden the 2nd realtor the court had to give us because the first guy quit. (what can i say im no pushover and i love my daughter so this aint no game to me) man they got my mom involved and everyone is listening to what the bond municpal informants said about me. but they need to realize they had to entrap me or otherwise i would not have been doing what they said i was. if i had my baby in my life i would not have been doing what they said i was. i was saying no and they were saying yes bacause thats what they were hired to do. now that i doged one bullet somebody still has my house and wants me out but i know i can proove they shouldnt have my house and possibly live in it for the rest of my life and give it to my daughter for free!! now that my wife has sold it illegaly. i need to prove it can you help my man. atleats email me and ill tell you the video game tag. very interesting to say the least.. reperez40 at yahoo cokm 2102698252 text are ok.. please i need your help. im trying to use the house as leverage so she can let me see my daughter. because the judgement was totally unfair. i cant loose my house and not be able to see my daughter!!
Phil, how do I do my own Title Search? I would like to do my own and hire an attorney to do the actual one? I loved your video and I shall continue to learn and grow. Thank you from Kelly Syracuse NY
Watch this video: th-cam.com/video/6p5opEuswPg/w-d-xo.html
Hey Phil, Signed up to my first auction, great tips especially the one" KNOW YOUR MAX BID " going in with added knowledge. Thank you.
John Supervita did you have to put up your own funds or you jv with another investor??
@@haeaneuhila4618 using my own capital.
Thnks for the knowledge, brother, this is exactly what I'm doing biznes in now.. Even tho what your saying confirms what I already knew.. I also pickd up a lot More jewels you mentioned.... I will be buying your books as well, jus bcuz of your personality and willingness to share valuable info.. 🤙👍
Thank you Phil for the "signal" in giving all these wonderful white board lectures, it is greatly appreciated!
Bookmarked, great overview with lots of info without the fluff. I'm tired of the You Tubes with 45 seconds of fancy intro graphics and music (do they get paid more for that?). You properly mentioned importance of due diligence, but only briefly mentioned HOA. I'm just looking into this, but I'm going to stay away from those creeps - I'd rather the risk of a mold infested, roof wasted, crack house, than some HOA Nazis telling me I'm not allowed to paint, repair, modify, plant flowers..they are scumbags.
Amen! You'll love this video too: th-cam.com/video/F62gBeB_Pd4/w-d-xo.html
Excellent information - Thank you Phil.
This is some very clear and easy understandable information. Thanks for sharing.
Hi Phil thanks for the video, and I appreciate all the knowledge you pass on through to all of your viewers. So I want to purchase a property thru a tax deed sale, I see how you and everyone on the internet advise to get a title search on the property. The problem is that the property goes to auction the 4.19.17 which is 2 days from now, and all title companies seem to take 3-4 business to get you results. What would you advise for someone in my situation (btw this will be my first auction sale)?
Don't buy it without a title search.
I have a question about the actual auction...I am working with an investor who wants me to go to the auctions and bid on his behalf and then he would provide the money for the property. Can that be done or do I have to have the money in hand? Thanks.
It depends on the county. Some counties require the cash within 1 hour of winning the auction. Others give you 12 - 24 hours.
Caution: This is not a sale of real property. It is a lien for the amount of delinquent taxes plus interest and other fees. Contact with property owners initiated by certificate owners to encourage payment at any time is not recommended. Contact or behavior of a certificate holder deemed unfair or deceptive may result in criminal prosecution.
An "Action to Foreclose" filed in the Superior Court three years from the sale date is the only method to compel payment.
I was just browsing through a couple of the popular listing sites today and saw a bunch of foreclosures in my general area. Houses and townhouses with starting bids of under 5k, most for around 1k-3k. Is this normal? I have zero real estate knowledge so I saw these prices and was shocked. They said they are foreclosures and up for auction but no other info was listed other than attorney office addresses and phone numbers. Can you get properties for this low? Do you contact these offices for info about the properties? Sorry for the stupid questions but I'm really interested if I can get properties for this low.
There is so much more to the subject than what you have reviewed thus far. Watch this video to learn more: th-cam.com/video/bumaRrhHdVE/w-d-xo.html
Great video! I have a question: I have 20 properties that go to auction 2 days from now that I might be interested in. I already deposited 5% with the county and I am ready to bid.
1) Do I really do a title search for all 20 properties? Isn't that a waste of money? Is there a better more efficient way of doing a title search that doesn't cost me 100 bucks per property that I might not even win?
2) One of the properties judgement amount is $2,100. A quick search revealed the property is worth $270,000. How is that possible? Is there a debt that makes the price go down like that? What's the catch? Will they have an inside bidder that will raise the amount to close to 270k? Is that legal? In that case, why do they put the starting bid so low?
Thanks!
(1) If you are 100% confident that the title searches you do yourself are as good or better than a professional title researcher; then that's one way to save a few bucks.
(2) That might be a second or third mortgage that is foreclosing rather than a first mortgage.
I got a quick question. I found a foreclosed home going to auction. The opening bid is one tenth of its appraisal value and this house has gone to auction 2 times before and bought back by the owner. Should I even put my time into going to the auction if the owner keeps finding ways to buy it back?
Depends
How does this work? How can the owner buy it back? Do they payoff the back payments and penalties???
Thanks alooooot for sharing this Million Doallar information..... espacially those personal experiences... Thank you.
Just found your TH-cam, you answered many many questions I have had.. that came watch other people’s TH-cam Channels past 2 years. And confirmation of what I found out by experience months ago during the past year. Please be looking for me to contact you personally. Have more questions.
Many times I will knock on the neighbors door introduce myself and ask a lot of questions...Neighbors are a wealth of information.
I also go the city building dept and request permits in the last 5 years...hot water tanks, HVAC system, additions, roofs,,, helps understand the age and condition.
Phil, Thank you so much for this intro, but you had me dying at 12:46. 😂😂😂 You look so irritated! Thank you for sharing your knowledge.
MVP... Most valuable Phil 💯
how do you protect yourself from right of redemption?
Get the Right of Redemption from the borrower prior to the auction by getting them to Quitclaim their rights to you.
Phil Pustejovsky is that essentially buying it from them? Can you do that if it's already listed for sheriff sale?
I’m very new to this desire to acquire tax liens for the interest or tax deeds for the property. Interested in the apprentice program
Our county tax deed sales are “free and clear”… From everything I can see ALL liens, mortgages, judgements and taxes are nullified at purchase. Is there something else I should be looking for. It seems a little too good to be true, but I don’t know what else to look for.
15:25 don't think you can just let it go back for taxes again. Most tax sales have a rule that you can't bid on anything for life if you ever let a single property go back at any time.
Simply setting up a new LLC would get around such rules.
Hey Tom,
How do you get ahead when there is so much competition.
Know more than the competition
You look mad when you talk about that bad experience. I don't blame you. lol
I have purchased and rehabbed 10 houses and have bid on Hubzu three times but never won. Then I see the same houses that someone else "won" that still show up as foreclosures. So they never really sold. Just were bid up by someone. Also, looking at houses on Auction.com and I am concerned about hidden liens. I use a well know title company to check the title but they warned me about hidden liens that don't show up on their search. Also say a lien could be slapped on a title right before it goes to auction.
The deception is the perception that you win or lose at auctions. You buy or don't. There is no winning and losing. (It's a mindset thing...)
Great Video! When buying a foreclosure, when do I first try to get insurance on the property. Will I have to wait until I have possession of the property?
Yes.
Thank you ! Great video!
Im in Florida and am wanting to get into investing. Is there a specific website you go to look at what properties will go to auction?
Each county has their own site that you go to. For Volusia County, it is volusia.realforeclose.com and volusia.realtaxdeed.com
Osceola County..
I'm in the program - I would guarantee you wont get this kind of knowledge or help anywhere else.
Well after watching your video from beginning to end I would say it’s a bad idea lol 😂
It sucks I cannot play in the sandbox right now but I will in the future.
big Roy started zillow home buying, hahahahaha
I want to purchase tax deeds. Will you assist. I am ready to start
Hey Phil, Love your videos. You mention in this video that you need to do a title search for each property you intend to bid on. In my county there can be as many as 1200 parcels up for tax lien auction. I usually narrow it down to under 30 just before the sale. I checked on the price of a title search and it didn't make sense to spend all that money and it also was not a fast turn around for the title search. I usually do this for 4 or 5 of the surrounding counties and a title search would become quite involved. Is it really realistic to get a title search for all these properties even when around 80 of the tax liens redeem? I'm in Indiana. Thanks.
Yes. But you may want to either hire the title researcher directly (rather than going through a title company middle man) or hire an assistant and train that person to do the title research for you.
Great teaching! What is the name of your book on Real Estate Investing? I would like to get it.
Real Estate Investing Gone Bad
Hi! Awesome video! I have a question: can we get into this kind of investment living abroad and not being American? Do you know how it works? Have a great day! :)
Of course. Non-Americans buy American real estate all the time. Some of America's most iconic real estate is owned by foreigners.
Phil what’s your Instagram account...
There is a foreclosure in my area that I'm interested in (70461). $79900 is owed on it + it needs light repairs could run around $15k max. The value of the home is between $133k-$140k (which is too close to the asking price). I will have to put a septic tank in (which is $2k & was added to repair cost) I Iike the house but I'm annoyed because the lender won't negotiate price. Its a double & can rent for $825 per unit. Thanks for the video by the way! You're awesome.
Phil or anyother person reading this, there is a property scheduled for auction here at the county auction, I see the property everyday since its in a subdivision where my friend lives. This property is worth between 160k-185k I know our company can make a decent profit since we think we can get the property for 100k or less and have room for some cosmetic work 20k or less, we live in a small town where competition is less. But problem comes they need cash only same day just like some other auction. Do you know any kind of loans out there that can fund a situation like this?
This property is scheduled to be auctioned in two weeks from today but the home owner still lives there for am guessing the inside isn't too bad the outside needs cleaning and paint but not necessary just depending on the rehab budget.
Some hard money lenders will fund them. Go to: www.freedommentor.com/hard-money-locator
Phil Pustejovsky thank you
Hello, thank u so much for the youtube channels to educate us. I have some questions if u don't mind replying back to me! My husband bought a foreclose house back in 2012. My name is not on the house but I do live in it. I have 3 kids with him and still legally married to him. In 2013 he left me pregnant with the 3rd child, got 80,000.00 equity loan from B.O.A and moved period to our native country Morocco. I been paying the monthly loan since I receive the 1st bill from B.O.A. and that's how I knew he screwed us. I stopped paying back in 2018 because I was told there is no way I can get the house even I'm still legally married to him and I live in it. His unpaid CC put a lien on the house and I have a child support lien for over than 100,000.00 againt the same house. Is there is anyway I can foreclose on the house and buy it cash. The house is worth 160,000 and the owed balance from the bank is only 70,000. please do ur best to find me any good advice or solution, I really want to keep the house for my kids. TIA. please comment with ur email, so I can contact u
Very good excellent info Phil!thank you!
Still relevant high-quality advice. Thanks Phil.
Thanks for watching!
Love these sales but do your homework. In Texas if they redeem they have to pay you 25% over your purchase price. Had this happen twice. Now own 5,700 acres. I don't do homes. Best deal was 2 acres at $10K, sold it in 2 years for over $400K. Generally, on the tax sales here they have 6 months to redeem so if you win keep your mouth shut until this period is over. A lot of these that go to sale are some secretary, absent minded out of townowner, or inheritance beneficiary forgot to pay taxes so say nothing (even if they continue mowing-not your fault, someone was going to buy it if you didn't). Another tip that works for me is don't be timid, bid first, throws a lot of the others off and you might not get any counter bids. Because once they start bidding they feel like they need to win, or at least push it up some to look respectable.
Hey Phil your a rich guy and I’m a poor guy and I’m trying to figure out how to get rich and be like you. I hoping to do this by buying my first home with cash. Either one that’s already built or build my first home from the ground up. I absolutely HATE the idea of going through a BANK! I currently am working 90 hours a week as a local truck driver, salary of $90K a year and saving 50% of what I earn living on a beans and rice budget. I’m hoping I can save $150,000 after three years to buy a foreclosed home for around $20K in the Dayton Ohio area, fix it up and then live in it. IS THIS A BAD IDEA? Are you panicking for my sake reading this or is this a Good idea? You know what you are doing I don’t. -Thanks buddy! -JOHN J PATTERSON
You'll need to use other people's money (in some way) to get rich from real estate. If you want to pay cash for a home in Dayton, OH for $15,000 and live in it; that's fine. But if you want to make some real money from real estate, you'll need to learn all the ways to apply creative real estate investing techniques to the buying and selling of real estate. Watch this video: th-cam.com/video/lSXGxOiRp7A/w-d-xo.html
Hi phil,
Greeting from malaysia. Could you make a video/give advices about how to buy the correct property. Especially in underconstruction project of condominium which have been growing fast this recently(in malaysia). What type of factors do you consider before buying such property (underconstruction condominum).
Fyi, i'm aware your opinions may/may not applicable for property outside US. Just wanna hear your thought for additional knowledge. Thank you.
Hey Aziz. I wonder about that kind of question all the time too. I live in southern China, and the situation is exactly the same here. The rate of economic growth is so fast (the US has never experienced anything like it) that you have to act REALLY fast to get a property. I bought a property last year with my wife, and we put our deposit just ONE MINUTE before another couple put down theirs with another agent. The two agents got into a huge fight after that! Then the price of the apartments in that complex doubled in less than one year and are still going up (though not so fast now)!
Unfortunately, I think this kind of 'investing' really isn't investing at all. It's speculation, which is entirely different actually. An investment is something that consistently puts money in your pocket. Speculating means buying an asset and 'hoping' that it appreciates in value--because that's the only way you can make money on it if there's not a positive cashflow. You'd be in the same case as me if you bought an unfinished apartment--you'll have to pay the mortgage payments yourself (if you don't pay all cash) and hope that the property goes up in value.
When you speculate, you have to consider factors that can't really be quantified through accounting. You have to play the market. In my case, we got lucky because I did a LOT of studying about the geography of the area before buying, so, as long as there isn't a credit crisis or war or something, the area SHOULD continue developing. In fact, the rent there is increasing very fast too because of the population increase, so I should be able to get a positive cashflow soon. But it has been a very scary couple of years because I like to invest, not speculate, but there just aren't many low-risk options in any capital market in China that you can get any kind of reliable ROI. It's so scary because when you speculate, you will almost certainly make a bad bet at some point.
Unfortunately, a lot of developing markets share this characteristic. The United States is famous for its ultra-stability, so there are many more options for reliable cashflow. Most other markets around the world are much higher-risk and you just have to play the game or stay home.
I totally agree with you here. Investment is not bad, it is the speculation which is unethical. I drives the price too high for an ordinary person to afford their first home. Everywhere in the world the greedy speculators artificially increase the price by buying and selling. Real estate investors get a bad name from such speculators. It is okay to buy a property and hold for a couple of years and then sell.
Hey look Phil.....Sir I am only interested in a one time purchase at my age and with limited funds I am trying to find a half way descent house to retire in .....without loosing my A__S. at an auction. Sir you have a very through program. All this for one purchase....HELP. Cashman.
I thought that auctions did not clear all liens.
But an RE0 does.
I have a question if the title documents and home condition disclosure if provided in auction.com by the county or mortgager how much can I rely on thier documents provided by them. And what is a subject to defiency judgment sale? Thanks
Rely on none of it. Do your own independent research.
I have been burned one time by Auction.com. They auctioned a house to me that had been sold/transfered only two days before. Granted it was the trustee that approved the sale, but it was on auction.com. I didn't lose any money as I got a refund but I could have made good money on the property.
Great job Phil, thanks for the helpful information. I also have a channel look me up for more content, thanks.
Thanks for a good information.
Hi Phil, any suggestions for a good title search company or website?
YES! Watch this video: th-cam.com/video/fu8dR5V2zWs/w-d-xo.html
Calculate Judgement amount plus auction fees and any subordinate liens that will get passed onto you when bidding If superior lien is foreclosing subordinate liens may not survive on the property but they still exist and you will have to satisfy them for a clean title if you want to sell in future or don't want them foreclosing on you. Thats my understanding. Perhaps someone could shed some light :)
Great video! Lots of good info . Thank you!
The duplex I live in is going I to forclosure .There is an auction date set .Can I still convince my landlord to sign the house over to us and we pay his mortgage ,making us the home owners and him benefiting buy us paying his debt and mortgage ,or is it to late to even try seeing there has been an auction date allready set?
Do you have the potentially tens of thousands to catch up the back payments? If so, then maybe.
Did you end up purchasing the duplex?
No, we lived there rent free for like 3 years...n then I baught the house next door,my friend gave me a smoking deal!!!
Thank you for the video I found it very helpful!
I saw you on TH-cam ads I skipped you but not this time lol
haha, 13:00 is from your book, nice!
so what's the value between market value, and assessed value?
Hello, thank you for sharing this information. How can I research a property for liens in New Mexico?
Im selling my home . Moving to Arizona. Will have close to 100k for new property. Is this a good way to buy ? First time investor ? Or do I not have enough money to play the game ?
# 1 - Consider renting for the first year (regardless of how much money you have). In my video, the 7 Rules of Home Buying (th-cam.com/video/PKTGguCMADc/w-d-xo.html), I explain why.
# 2 - After that first year of renting, then you must decide if you plan to live in that house for at least 5 years, otherwise, it is better financially to be a renter. This video explains the actual costs of homeownership, which are much more than most people ever account for: th-cam.com/video/IomfI_iF4EM/w-d-xo.html
# 3 - Having $100,000 coupled with Creative Real Estate Investing can make you a multi-millionaire in a relatively short period of time. This video explains how that works: th-cam.com/video/T5YR1zN8Mqc/w-d-xo.html
My problem is that I miss my deadlines all of my dad lines is long overdue and I didn't mean to but I didn't understand cuz I was knew about it I was supposed to do my 137b six months after the sell I had 6 months well in my case I did it in October and now it's going on in the Mets and see I done missed my 6 months mark and I didn't mean to but now I'm at the mercy of the court I guess so what can I do what can I do to turn it around can I go and ask the judge to reconsider and make it petition at the court to see if they won't override it or can I go to my state capital and see and see if I can do anything about it at the courthouse in my I'm in Indiana and you know the capital of Indiana could I go to the Capitol and to the capital auditor and treasure treasure and can they do it can they override my County and can they pass it through Andre can I at least get my money back
Very informative video. Thank you! subbed
great information ... so glad I found you .. have my deposit and I was getting ready to start bidding here in a couple days .. I was wondering about the right of redemption and a lot of things you talk about
This a great video. I especially liked the explanation of what to do in the first 7-hours.
Thanks, great video- very inspiring! Do you have any other creative ways to acquire houses for cheap other than these types of sales?
Absolutely! We are the world's greatest at finding great deals that no one else knows about. Here's a video explaining why I don't tell people that information for free on TH-cam: th-cam.com/video/Ja_aWvu4HVI/w-d-xo.html
@@freedom_mentor How to know what mortgage 1st or 2nd Lien is being Auctioned at Courthouse step?
VERY helpful information. Gracias! Good to know exactly how to sharpen the axe.
So in theory auction buying is better because all loans are hashed out. What about liens on titles ? If I buy off auction will I be responsible for the lien on the title? Even after buying out of auction? Thansk
Talk to an attorney that represents investors that buy properties at auction. Not all liens magically go away from a foreclosure sale.
I’m trying to sell one acre in the suburbs of Chicago and a potential buyer is asking if he can see a copy of the deed so he can find out more from the county assessors office. Should I send him a copy?
He can get access to that without asking you. It's public record.
Great advise