How Do You Advertise For Private Investor Lending For Rental Property?
How do you advertise for Investor Lending for Rental Property? I have seen articles about finding Private Lendors but none tell the Legal side of things. Is there a free info side to this or easy to understand laws to read. Thanks!
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Most likely, your foreclosure will be subject to the superior lien. The first mortgage loan will stay in place and the foreclosure buyer will assume the first mortgage
There is a chance that a third party buyer with enough cash to pay off your note plus your costs of foreclosure will not show up at the foreclosure sale.
Are you prepared to become the new owner if you foreclose? If you really want the property, you can always tell the defauting owner that you would accept a deed in lieu of foreclosure.
cyndyb,
What is the status on this foreclosure?
And what was the foreclosure like?
Thanks for bringing us up to speed.
Lolz..!! I require some time to understand your problem!