I was just wondering if there are people out there who buy non preforming seconds to gain a position in the pre forclosure process?
Yes lots. Its a good way to position yourself for a property that has a lot of profit in it. But remember that if they save the mortgage, you are stuck with the second position at the terms given. So the risk is higher. Good Luck, Kyle
Yes lots. Its a good way to position yourself for a property that has a lot of profit in it. But remember that if they save the mortgage, you are stuck with the second position at the terms given. So the risk is higher.
Good Luck,
Kyle