This content was created by Joe Homs 949-625-4533. This content was uploaded by Joe Homs 949-625-4533. This is a YouTube video titled "Distressed Properties - FORECLOSURES | 3 Ways To Help" (published 2021-03-18). It is a real-estate advice monologue by Joe Homs 949-625-4533 (who cites 40+ years of experience) explaining three ways investors can help sellers facing foreclosure: (1) buy the house, (2) buy and rent it back to the seller, and (3) purchase the homeowner's loan and act as the lender to modify terms. The video offers practical tips for negotiating, landlord responsibilities, and profit strategies, and includes calls to subscribe and links to additional related videos.
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With the end of mortgage forbearance looming and foreclosures on the horizon, it's clear that at some point this year, a lot of homeowners will begin to struggle. Some areas will be hit harder than others, but most likely most markets will see a rise in foreclosures by the end of the year. We're going to go over 3 ways to help sellers in distressed situations and make money too. Coming up next. As an investor, helping sellers in hard situations could mean lots of opportunities to expand your portfolio and your profits. More importantly, it could help your neighbors and your community at large. Think foreclosures are on the rise in your area? Here are 3 ways that that you can help and capitalize. Before we start, make sure to subscribe. I have over 40 years of experience as a broker, investor, and mentor. Join me every Tuesday and Thursday. New videos for the new and experienced investor. Those who want to create the life they've always wanted through real estate. The first way to help sellers in pre-foreclosure, simply buy the house. Borrowers in pre-foreclosures only have a few months to settle up. Often they're eager to sell, and sometimes even at a discount. If you find a home in pre-foreclosure in your area, reach out to the homeowner and see if you can make a deal. Buying the home will not only save the seller from foreclosure, but it'll also prevent the credit problems that foreclosure can cause. For you, it means a new property to flip, sell out, rent, or even live in. The second way to help sellers in the foreclosure process is to rent the home back to them. You can use this as a negotiating tool when speaking with the seller so that they feel comfortable you purchasing the house at a discount knowing that they're going to lease it back from you. Just be sure that you're ready for those duties of landlording. The third way is just to become the lender. You can also think about buying the homeowner's loan and just becoming the lender yourself. Most lenders don't want to hold on to non-performing loans, nor do they want distressed properties on their books. For these reasons, many will consider selling those loans off to the right buyer. Sometimes they'll even sell them at a deep discount. Once you own the loan, you can modify the terms and offer more payment flexibility, at least until the homeowner gets back on track. If the borrower starts making payments consistently, then you can sell this loan off to a new investor and take your profits. If you want to learn more about finding distressed properties, click on this video right here. I will provide you with a whole host of tools to find your next deal. Also, feel free to reach out anytime. I'm here to help.
