Foreclosure University Forum


Great Course.

by foreclosureuniversity ⌂ @, Thursday, April 14, 2005, 08:23 (5148 days ago) @ lonniewa

� I found your course to be great on the hoto of the mechanics of putting a
� short sale together. A good piece of work for the price.
� I do have several questions that I need answer in order to fill
� comfortable doing the deals fom beginning to end. Can you please answer
� them for me>
� 1. What would be a good exit startegy if I hve horrible credit and no
� money>

It depends on the situation, there are several thing you can do is find a buyer for this property before the auction once your short sale has been accepted.
� 2. If the owner does not want to give me the deed but is willing to sign a
� "power of Attorney" should i continue with the deal>

If at all possible get the deed. Too many times investors get burned. But if you are willing to take that risk, just for experience, that's totally up to you. Make sure they understand they will lose that deed anyway soon enough.
� 3. I only have one company. In your book you are using two companies. what
� do you recommend if you only have one company and do not want to use a
� straw Man>

We recommend getting another corporation. It only costs $50 to set one up.
� Thank you ver much for any answers to these questions.
� Lonnie Turner

Good Luck

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  • Great Course. - lonniewa, 2005-03-27, 15:41 [*]
    • Great Course. - foreclosureuniversity, 2005-04-14, 08:23

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