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Notes/Summary:
- 4:09 Tim Stowell Case Study – Property that has already been foreclosed upon and secured is occupied again
- 6:09 Getting the law involved instead of other vendors
- 8:27 Next steps – getting an attorney involved (Legal League 100)
- 11:46 Get pictures to prove current condition
- 12:36 Will forced place insurance apply to an REO?
- 13:15 Was there evidence of occupancy when property was cleared out?
- 14:30 Kevin Moen Case Study – Exit strategies for his NPL
- 15:49 What Kevin is looking to do with this asset and a brief background of his progress so far
- 19:31 Get a 2nd opinion/repair estimate
- 22:05 Finding contractors and preventing future break-ins
- 25:06 Handyman versus a contractor and who needs to pull permits
- 27:29 Exit strategies and how they may change depending on accurate repair bid
- 29:56 Getting the proper insurance for an REO under construction
- 30:52 Always get at least 2 bids
- 32:02 Rent numbers
- 38:07 The benefits of putting your deals on calls
- 38:54 Eric Gullickson Case Study – Hardest Hit Funds stipulations in Florida
- 40:44 Discounting what the borrower relays to you
- 42:15 The student needs to be the one driving the Hardest Hit Fund train
- 43:57 Servicing companies that have experience with HHF
- 46:33 HHF is not just for “banks”, its for lenders
- 50:32 Revisiting which servicers participatei n HHF
- 53:21 Student Question – Do water liens go with the property in Ohio even after foreclosure?
- 58:05 Clearing things up before selling the property
- 59:42 Liens didn’t show up on title search and how to catch them when they don’t
- 1:03:04 Announcements
