When you’re in the middle of a note deal, what will you do if the borrower defaults? How do you get the deed in lieu? How do you protect yourself? I answer these questions in this short video clip. You want to act quickly to contact the homeowner and start working on a solution. Most homeowners don’t want a foreclosure on their record, so there are some options available to you to keep the property and save the deal. Of course, sticking to well seasoned seller-financed notes is a great way to avoid this issue altogether!
Join Donna for her upcoming live 2018 NoteBuyer's Academy to have your questions answered as you learn the ins and outs of notes.
She will teach you the note strategies that have put millions of dollars in her students' pockets over the past three decades.