Posts Tagged ‘short sales’

Flipping With Out Flopping

Thursday, March 27th, 2008

My name is Linton Gentles. I am a 31 year old part time real estate investor. I spend 25 hours a week buying, selling and flipping foreclosures. I teamed up with a very experienced company who has taken the time to show me the way to achieve ultimate success with quick turn real estate. Salvation Home Buyers has been around for more than 4 years. With our office located in Bergenfield, we have helped over 45 families save their home from foreclosure.

Finding the Deal:

How Does Bankruptcy Affect A Short Sale And How You Could Lose Thousands Of Dollars?

Tuesday, March 25th, 2008

Here is an excerpt from my home study course “Short Sale Fundamentals” in the final phases of completion now.

The Homeowner is in Bankruptcy

First off you don’t ever want to offer legal advice to the homeowner unless under the rare situations where you’re a qualified attorney. Let’s discuss the two typical types of bankruptcies that you may encounter.

Chapter 7 - know as Liquidation

Chapter 13 - known as Reorganization

With either type you are going to have to contact the Trustee of the Bankruptcy to get the property released out of it.