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Localism Challenge, Day #26: Foreclosure from the lenders' perspective

By
Property Manager with AmeriTeam Property Management SL#3200658

Localism Challenge, Day #26:  Foreclosure from the lenders' perspective

I speak with a ton of folks- as most of you likely do.  Buyers, sellers, owners, lessees, lessors, renters, landlords...- call them what you will.  One common thread between them is that they have some idea of what a foreclosure is.  Heck, many have been bounced out of their own homes!

Another common thread, though, is that folks don't have a clue what the big, bad banks are thinking.  They may hear a horror story from the "old lady at the end of the block that got her house tooken"- and that seals things for them:  banks are bad.  Many caught the tenant on CNBC a few years ago- she said that she never heard a word from any bank or anything, and the sheriff just showed up and told her she had 20 minutes to pack her junk and beat it.

That wasn't true, of course.  Banks serve notices, send letters, etc- and the stuff the lady threw in the trash every day was probably kinda important in the end...

This Central Florida Realty Investors (CFRI) seminar should go a long way towards educating folks about the benefits- and some of the pitfalls- of foreclosures.  Hear things straight from Big Old Bank-type folks- then you can head out and try to buy that house that got tooken from your neighbor....

Localism Challenge, Day #26:  Foreclosure from the lenders' perspective

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Lender Foreclosures


There has been much written about how homeowners and investors alike can defend foreclosures lenders file against them. In this seminar, we will discuss foreclosures from the perspective of the investor acting as a lender.

There are many investment opportunities available that could potentially result in the need to file a foreclosure. They include seller financed deals, private lending and transactions where a tenant has equitable interests, such as a contract for deed. Investors will learn about the legal issues surrounding these types of deals and how to minimize the possibility of a default and having to file a foreclosure case.

We will de-mystify the foreclosure process and show investors how the fear of long and costly foreclosure litigation may be overstated and should not necessarily discourage investors from pursing these types of opportunities.

Join us and you’ll learn:

  • How seller financing can be a useful alternative to traditional institutional loans
  • The legal restrictions on seller financing
  • The benefits of private lending as a way to invest in real estate
  • What kind of “equitable interest” deals may require a
    foreclosure rather than eviction filing
  • A step by step guide to how to prepare and file a foreclosure case and
    how the summary foreclosure statute can streamline the legal process
  • Plus much more!

LED BY CHARLES CASTELLON, P.A.

  • CFRI Business Member
  • Attorney
  • Investor
  • Located at 12934 Deertrace Avenue, Orlando, FL 32837

Localism Challenge, Day #26: Foreclosure from the lenders' perspective

 

Registration Information

meltdown

 

DATE:

Thursday, September 29, 2011

TIME:
6:30 pm to 9:30 pm

LOCATION:
CFRI Educational Center
55 Skyline Drive
Suite 2850, Lake Mary, FL  32746

PHP CREDITS:
3 Credits in Federal Regulations

COST:
MEMBERS
$49 each thru 9/26,
$69 after 9/26

NON-MEMBERS
$69 each thru 9/26,
$89 after 9/26

Localism Challenge, Day #26: Foreclosure from the lenders' perspective

 

 

Posted by
 
DENNIS B. BURGESS
Property Manager

Licensed Florida Realtor
 
AmeriTeam Property Management
845 N. Garland Ave., #200
Orlando, FL  32801
 
 
 
205-445-4755 cell/direct
407-901-3636 x103 office
407-901-5147 office fax
 
Turning vacant into occupied, and "houses" into "homes"SM
 

Comments (2)

Rob Arnold
Sand Dollar Realty Group, Inc. - Altamonte Springs, FL
Metro Orlando Full Service - Investor Friendly & F

I don't have a whole lot of sympathy for the homeowners who don't make their payments.  They signed an agreement and then broke their promise for whatever reason.  The banks are equally as rotten though with all their forged documents and ridiculous add on fees. 

Sep 30, 2011 02:36 AM
Dennis Burgess
AmeriTeam Property Management - Mid Florida, FL
Orlando Property Manager and Realtor

Hi, Rob:  As always, thank you for stopping by and for your comment.  We're still in lock-step...I just wonder how much of the country is still with us...

Get a mortgage, pay a mortgage...

It seems so incredibly simple- yet for some incredibly difficult.

Sep 30, 2011 06:14 AM