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You may think that negotiating with banks in order to get them to give you a discount on their property is practically impossible! It is possible and real estate investment deals go through with the bank every day. Here's why. Why You can Get Discounts on Default Properties Banks are rated in their ability to work out deals with homeowner in default. That means they are rated for how much cash they hold in reserve to cover each mortgage should it default and how well they work with the ...
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You've been buying mortgage notes for a little while and are comfortable with the practice. However, you've noticed that there are a lot of pre-foreclosure homes out there with mortgages on them too. This is a large section of the mortgage note industry that remains untapped, but how can you get in on the profits with a defaulted property in the mix? It is possible to buy the mortgage note on a defaulted property. When you use this method of real estate investment you still begin with the ...
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Buying mortgage notes isn't all that hard as you've probably heard from some other property investors. There are two basic ways to get into your first mortgage note. One is to approach a bank and the other is to approach a homeowner about their own homeowner mortgage. Purchasing the homeowner mortgage note involves dealing with people who have owned their house free and clear and went to sell it but had some trouble getting anyone interested. After a while the homeowner is approached by ...
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