Out Of State Deals.
I am mortgage banker who is running across many deals out of my local area.
Many of the homeowners don't qualify for a foreclosure bailout loan. So they would be good candidates for short sales.
How could I work these deals and get paid for my efforts.
You can always send them to me
! Actually, this is a great opportunity for you to network, and to get a bird dog fee. I think it is important to give full disclosure that you may receive a fee for the referral, and that you get permission from the distressed borrower first. Also, check with your bank, and state laws to make sure you stay within the bounds of the law and the rules of your bank. If you cannot help them, then a referral to someone who can is the moral thing to do.
In all seriousness, I do short sales and forebarance agreements in Maryland, DC, South Central and South Eastern PA, and Northern VA. I would be more than happy to help wherever I can with either Short Sales, or negotiating forebarance agreements.[ Edited by bnorton on Date 09/07/2004 ]
If you have any deals in New York, Atlanta or Louisiana I would be interested in knowing about them.
If you have any deals in New York, Atlanta or Louisiana I would be interested in knowing about them.
The deals are in all states. I have a deal in Long Island right now.
The original question was how can these out of state deals be worked?
Taking out an option then flipping the contract?[ Edited by aressllc on Date 09/11/2004 ]