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How To Work California Foreclosure Lists
Manage episode 434138293 series 3039481
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Answering a Listener's Question on Working CA NOD Lists
Have you heard these myths about working with California foreclosure lists? Myth 1: You can only work with big banks, not smaller lenders. Myth 2: It's impossible to find out who the lender is from the foreclosure list. Myth 3: Buying mortgage debt is a complicated process. I'll share the truth behind these myths, but first, let's dive into the secrets of navigating California foreclosure lists.
In this episode, you will be able to:
- Discover effective strategies for leveraging foreclosure lists to find lucrative real estate opportunities.
- Gain a comprehensive understanding of the pre-foreclosure processes specific to California, empowering you to navigate these situations with confidence.
- Uncover valuable insights into investing in distressed mortgage debt, unlocking potential avenues for profitable real estate ventures.
- Differentiate between judicial and non-judicial foreclosure states, enabling you to navigate the complexities of each with ease.
- Learn essential tips for realtors working with foreclosure properties, enhancing your ability to capitalize on these unique real estate opportunities.
The key moments in this episode are:
00:00:02 - Introduction and Listener Request
00:01:42 - Understanding Pre-Foreclosure Lists
00:06:52 - Analyzing the Foreclosure List
00:09:11 - Evaluating Equity and Loan Balances
00:11:59 - Assessing Purchase Dates and Reasons for Default
00:12:47 - Exploring Equity and Interest Rates
00:13:21 - Analyzing Rent Rates
00:15:07 - Helping Homeowners in Distress
00:17:45 - Reaching Out to Homeowners
00:23:20 - Contacting Trustee for Debt Purchase
00:27:53 - Introduction and Background
00:28:33 - Strategies for Debt Buying
00:30:38 - Contacting BDF Group
00:32:51 - Contacting Trustees
00:36:27 - Final Remarks and Call to Action
Watch the original video HERE!
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