This was amazing! I spoke with someone in foreclosure this morning and they were asking me questions I didn’t know the answer to and I retrieved it from you! Thank you!
Thank you Jerry! For these awesome videos with so much useful information. Im a 20 year old studying your videos while saving up money to hopefully join the 10k club and soon my first flip. Again thanks Jerry you are a flipping genius!
Such good information - thank you! I enjoy all your videos and particularly appreciate your reminders of the importance of living a gospel-centered life. Helps keep things in perspective for me!
In my state the owner in default has 120 days from the notice of default date ( public record) to redeem. If you buy property from the bank you get it with clear title (owner in default cannot redeem after his 120 day redemption period) but if you buy at auction there could be liens on property.
Thanks, but I wonder how this timeline process differs from siblings wanting to foreclose on our inherited property that I'm trying to buy from them. What are are the steps in that process of sibling foreclosure? Right now I am in the threat stage and no paperwork or anything has has come my way. Their was a misunderstanding in the way the contract was written. I feel I did everything I was supposed to, but main sibling feels different and claims he hired an attorney for foreclosure. The probate lawyer who made the contract thinks he has a case, but some important details were left out of the contract like exactly how much of a substantial payment I was supposed to pay to tide them over until I could get the big loan for the rest. Brother won't talk to me about it to let me know exactly what to pay. I feel lawyer should have helped us figure out dollar amount at the last meeting we had. My monthly payments have been made. If I have a few months or longer in the process I might be able to make that balloon payment for the balance. Any information would be greatly appreciated. Thanks!
There is a foreclosed home that has the for sale by owner sign in front here when I live and when I asked if the home was REO ( real estate owned ) the property manager replied " we own the home " I was also informed the house has been vacant for about 2 months now . Would this property be REO ? and would I be able to assign this home if I get it under contract? Or would that depend on the contract before signing?
Great video I learned a lot! Question, when I’m looking at foreclosure history on a property and I go to document type, does PP mean Pre Preforclosure, NT- Notice of Trustee? If so what does document type NS mean??
Love your channel!!!! But I can't get the email with the FREE Motivated Seller Scripts, I tried the link but I never get it. :( is there another way? Thanks
*Once you enter your email, it’s automatically emailed to you. If you don’t see it, check your junk/spam folder in case your email provider put it there...If you still don’t see it, my team can help you out. Support@flippingmastery.com
How do you feel about adding a clause in the assignment contract that states I can renegotiate the purchase price with the original seller and I get the difference as an additional assignment agreement fee and the purchase price will not affect the total due at closing by the assignee?
When a home is foreclosed right before auction should we be contacting the home owner losing the home or the trustee/attorney at law? @Flipping Mastery TV
My mom had a reverse mortgage and I want the property to foreclose after her death but noting is happening. Nothing is filed with the county. She die October 2021
Hey Jerry are all Bank owned/REO properties the result of no investor buying a foreclosed property at the bid price? in other words can a bank for go an auction and send it straigt to an REO agent ?
@@FlippingMastery Very good, but most of what you described relates to nonjudicial foreclosure states. Here in NY, it's a different process. We are a judicial state. Unfortunately, getting a preforeclosure owner to discuss options is extremely difficult. I do foreclosure defense work (and I'm very good at it). Most homeowners in preforeclosure have gotten bombarded by investors and scammers, and when I come along I am perceived as just another one of those guys. Plus, the govies are always sending preforeclosure notices to beware of scammers. Do you have any ideas on how to address this problem?
Every investor has a set of magic keys. Promise you they're going inside vacant homes and if the home is occupied they are still examining the outside lol
Not sure if this legal, but a old professor of mine told me he would have a home inspector go knock on the door and just ask the person to view the home and pay them cash if they allowed it. It was his work around to never buying a bad property from auctions.
![Favorite No Money Down Real Estate Deal [$700k Profit] - with Pace Morby](http://i.ytimg.com/vi/3RoekNs-pCk/mqdefault.jpg)
![Favorite No Money Down Real Estate Deal [$700k Profit] - with Pace Morby](/img/tr.png)
You give out so much value Jerry 🙏🏾I honestly appreciate all the time you put into these videos they are helping many people
I’m not an investor. I’m just a first time home buyer with cash looking to outbid annoying investors 🤣 Thanks for the info.
Try to learn house hacking, determine if it’s something that would work for you… you can end up owning a couple real estate properties kinda “easy”.
@@lisandrocabrera7300 what is house hacking?
This was amazing! I spoke with someone in foreclosure this morning and they were asking me questions I didn’t know the answer to and I retrieved it from you! Thank you!
Glad it was helpful!
Hello there I would like to learn you do it.
Thank you Jerry! For these awesome videos with so much useful information. Im a 20 year old studying your videos while saving up money to hopefully join the 10k club and soon my first flip. Again thanks Jerry you are a flipping genius!
All of this is just absolute GENIUS!!🤓
Awwwww that puppy 🥰🐶
I was looking for this video last week, Jerry Norton can read minds!!
Awww I love the puppy!
Wow redemption rights ! Jerry. You are amazing sir and thank you beyond measure
Wow the water awesome. The mini waves.
Such good information - thank you! I enjoy all your videos and particularly appreciate your reminders of the importance of living a gospel-centered life. Helps keep things in perspective for me!
In my state the owner in default has 120 days from the notice of default date ( public record) to redeem. If you buy property from the bank you get it with clear title (owner in default cannot redeem after his 120 day redemption period) but if you buy at auction there could be liens on property.
Thanks, but I wonder how this timeline process differs from siblings wanting to foreclose on our inherited property that I'm trying to buy from them. What are are the steps in that process of sibling foreclosure? Right now I am in the threat stage and no paperwork or anything has has come my way. Their was a misunderstanding in the way the contract was written. I feel I did everything I was supposed to, but main sibling feels different and claims he hired an attorney for foreclosure. The probate lawyer who made the contract thinks he has a case, but some important details were left out of the contract like exactly how much of a substantial payment I was supposed to pay to tide them over until I could get the big loan for the rest. Brother won't talk to me about it to let me know exactly what to pay. I feel lawyer should have helped us figure out dollar amount at the last meeting we had. My monthly payments have been made. If I have a few months or longer in the process I might be able to make that balloon payment for the balance. Any information would be greatly appreciated. Thanks!
Helped ALOT
Starts at 1:04
There is a foreclosed home that has the for sale by owner sign in front here when I live and when I asked if the home was REO ( real estate owned ) the property manager replied " we own the home " I was also informed the house has been vacant for about 2 months now . Would this property be REO ? and would I be able to assign this home if I get it under contract? Or would that depend on the contract before signing?
1:43 video starts
Great video I learned a lot! Question, when I’m looking at foreclosure history on a property and I go to document type, does PP mean Pre Preforclosure, NT- Notice of Trustee? If so what does document type NS mean??
Jerry You ARE A FLIPPING GENIUS!
What if I am a lender and have a second position on an investment property (tenant in place) - Is the foreclosure still the same?
Can you do a video on getting an occupied reo? How do you remove the squatter there?
200 pound dog
Thanks
Love this video
JERRY YOU ARE A FLIPPING GENIUS!!!! 🧠
Love your channel!!!! But I can't get the email with the FREE Motivated Seller Scripts, I tried the link but I never get it. :( is there another way? Thanks
*Once you enter your email, it’s automatically emailed to you. If you don’t see it, check your junk/spam folder in case your email provider put it there...If you still don’t see it, my team can help you out. Support@flippingmastery.com
Hi jerry, do you have contractors in every state you flip in or is it just one team?
Is flipster an API for propstream?
Where can I buy that exact hat?
Do you have a do not section and or avoid these terms or situations?
I’m from Michigan. Can I join your team?
I am a General Contractor
Lil Flipparachi in the house. So i'm guessing you guys kept him :)
"Flipparachi" hahaha Jerry, you are left with absolutely no choice but to rename the little guy Flipparachi. This has been decided by the Flip Gods.
How do you feel about adding a clause in the assignment contract that states I can renegotiate the purchase price with the original seller and I get the difference as an additional assignment agreement fee and the purchase price will not affect the total due at closing by the assignee?
So if the bank takes it back can the owner still sell it if the bank haven’t put it up for sell yet?
When a home is foreclosed right before auction should we be contacting the home owner losing the home or the trustee/attorney at law? @Flipping Mastery TV
any update lol?
Looks like you left Puerto Rico. Back to the great outdoors
My lake house in Montana
My mom had a reverse mortgage and I want the property to foreclose after her death but noting is happening. Nothing is filed with the county. She die October 2021
Hey Jerry are all Bank owned/REO properties the result of no investor buying a foreclosed property at the bid price?
in other words can a bank for go an auction and send it straigt to an REO agent ?
They would rather it sell for the outstanding loan amount at auction
@@FlippingMastery Very good, but most of what you described relates to nonjudicial foreclosure states. Here in NY, it's a different process. We are a judicial state. Unfortunately, getting a preforeclosure owner to discuss options is extremely difficult. I do foreclosure defense work (and I'm very good at it). Most homeowners in preforeclosure have gotten bombarded by investors and scammers, and when I come along I am perceived as just another one of those guys. Plus, the govies are always sending preforeclosure notices to beware of scammers. Do you have any ideas on how to address this problem?
JERRY FLIPPY G!!!
Does this apply for timeshares?
Just pay your tax and keep the house up I’m 25 in stay in a big house my dad gave me but you just gotta work hard in stay on top
Of your bills
Flippy G traveling large🤗
Flipping G
Every investor has a set of magic keys. Promise you they're going inside vacant homes and if the home is occupied they are still examining the outside lol
Not sure if this legal, but a old professor of mine told me he would have a home inspector go knock on the door and just ask the person to view the home and pay them cash if they allowed it. It was his work around to never buying a bad property from auctions.
slicksters go to jail ask thump
Puppy got a taste of peanut butter ??
Great video my guy, but what’s up with the flag on your hat though 🤨? Please keep the videos coming 👍🏾
I’m friends with your son johnny