IRS Lien At Auction
Lawyer doing a foreclosure auction for the 1st mortgage stated that there was a 30K IRS lien on property. Started auction at 100K and said if bid was high enough the bank COULD pay off the lein. But he would not say they would for sure. Auction ended at 140K. I had expected him to say they definitly would pay off lien if it went that much over what the bank was owed but he would not comit to this.
Stick with the price range your lender tells you that you can afford.
We knock on doors 60 days before sherrif sale,
Try the Law Bulletin for Chicago area foreclosures.
Hey Jack.
Give me a call when you get a chance and we can chat. I am in Chicago as well.
Brian
312-201-1130
Most people do not think that they are actually going to lose their house. You must convince them that they will be evicted, and will lose their property if they do not do something. Perhaps try a more convincing but understanding approach.
Most people in Foreclosure are in denial but all of them sell their house or reinstate the loan so just because they say no doesn’t mean no forever... Call them until they reinstate or sell
Buying foreclosures by way of cold call and door knocking is all about relationship building...
Imagine asking someone to marry you during the first conversation you had with them...
Besides you cant buy them all so don’t worry
[addsig]
i will tell you the easiest way to find motivated sellers...get a copy of every local newspaper that has classifieds and call dang near every one of the homes for sale and homes for rent ads....i read this out of a peter conti book and i will tell you that i did this one day ...it was a monday and by the end of the week i had more deals working for purchase options than i could handle no lie...also when you start stockpiling these newspapers everyweek call them two to three weeks later and see if the sellers have sold their property yet....if not you can see if you guys can work something out....but i will vouche that this is the easiest way to find deals