“There is a price for everything you want in life. And the price is always paid in advance.”
—Steven Barnes
Author, Investor, Speaker, Mentor
“There is a price for everything you want in life. And the price is always paid in advance.”
—Steven Barnes
Let me explain some of the techniques these investors or
foreclosure hunters use. It
depends on how much equity you have. If you have 20% or more equity in your home,
usually this is the technique they use. First, they say you can stay in the
house. This seems to be a real selling point for people trying to
stop foreclosure. Second, they
say they will pay your back payments and bring you current on your mortgage. All
you have to do is sign all these papers…..one of them being a Quit Claim Deed
giving ownership interest of your home to the investor. Another is a rental
agreement making you their tenant.