Fight of Flight

[ForeclosureCoach]

I have given seminars and coached many real estate investors over the years on creative financing for investment properties and have now decided to give my knowledge of foreclosures investment strategies to help those who are in the middle of making a decision weather to Fight or Flight. I am not a attorney but have coached investors about this serious challenge.

Many people are asking what should I do with my investment properties that have lost value and not cash flowing. Should I Fight or Flight ......You must look at all your options and consider the following before making that decision.

Is the state your property is located a non-judicial or judicial foreclosure state.

With a judicial foreclosure the lender files a lawsuit. This notice of default can be very intimidating, but you have time to plan some strategies. The first step is to respond to your lender ASAP before 30 days pass if you do not respond the lender may get a judgment. Then proceed to try to work things out with your lender.

The problem with a judicial foreclosure versus a non-judicial is that if the sale doesn't net enough money to pay debt you may owe your lender the difference and may produce a deficiency judgment . The process of a judicial for closure from beginning to the end may take 1-2 years.

You may want to consult a attorney for help with negotiating with your lender.

Do not flight without trying first to get a Deed-in-Lou foreclosure . Many time the lender may accept to avoid cost of going to trial...

This thread is a safe place for real estate investor to share their stories and ideals.We must join together or resources and help each other. If you help enough people get what you want in life you will then get what you want . This is your chance to help...

I hope this info helps and remember always to keep things in proper perspective . You had the courage to step out on faith and invest in the American dream.You will get through this time in your life. Guard your mind and focus on all your blessings.........You will have the victory......

Chante Earl
951-264-3546
chante@modifyloan.net