How to Stop Foreclosures At the Last Minute!

In the final video of this foreclosure series, Pace Morby and Michael Franke dive deep into the world of pre-foreclosures vs foreclosures. Michael breaks down what a pre-foreclosure is, revisiting the timeline they discussed in previous videos. The duo sheds light on how to stop foreclosures, even when the auction day coming closer—yes, you can stop a foreclosure at the 11th hour! It’s tricky, but Pace and Michael share the strategies to pause or extend the foreclosure process, whether it takes 12 minutes or 12 hours.

Pace drops invaluable tips on how to contact those who hold the power to extend foreclosures, sharing a thrilling story of running down to the trustee’s office in the nick of time. Michael emphasizes the importance of persistence, explaining why you need to be relentless in reaching the right decision-maker—it might take 10-15 calls, but it’s worth it.

In this video, Pace also recounts his door-knocking team’s efforts to save a seller from foreclosure, providing practical advice on convincing sellers that foreclosure isn’t their only option. They discuss the meaning of REO (Real Estate Owned) and acknowledge that sometimes, it’s too late to help a seller. Reflecting on the Arizona market from years ago, Pace shares his experiences at public auctions, offering a unique perspective on the foreclosure landscape.

Don't miss out on this critical discussion! Pace and Michael’s insights are essential for real estate investors looking to master pre-foreclosures and foreclosures. Watch now to learn how to navigate these tricky waters and save deals at the last minute. Like, subscribe, and stay tuned for more expert advice on creative finance in real estate!

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Chapters:
0:00 - Intro
0:06 - Pre-Foreclosure vs Foreclosure
1:08 - Stopping Foreclosures At the Last Minute
10:46 - What Are the Options for Redemption?
13:22 - Foreclosure Auctions
15:28 - Can You Help Seller at 11:50?
15:41 - Outro

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⚠️ #CreativeFinance #Investing #Wealth #RealEstateInvesting #Wholesaling #SubjectTo #HowToGetStartedInRealEstate ⚠️

🚧🚧🚧 DISCLAIMER 🚧🚧🚧

Pace is not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a YouTube video for entertainment purposes ONLY.

[michaeldfranke]

Thanks again for having me out. I hope this series brought everyone a ton of value 💪

Love you brother

[jcguerra]

Stopping foreclosures with no drawers on! This guy is fkn incredible. 😂

[robertl]

Come at me bro😂 so open w the info big up Pace!

[majeidaharvey]

Thanks Pace Love Our Community, Majeida Harvey Texas Gator. ❤

[Money-Fast-Plan-a]

"You can do anything, but not everything." ---Motivation

[dienekes]

I would never "tell" the homeowner to file bankruptcy, but I would just "mention" that this is a "possible way" to stop the foreclosure and that they should "consult an attorney".

[sirensignalmedia]

Brother, i love your information, and i sleep listening to your knowledge . I am so proud of Brother, like you giving tons of information that is not easy to find. Wow! Incredibly grateful 🙏 ❤❤🤜👊🤛👇👇👇🙏

[fefecrow]

When the houses get forclosed on and dont sell at auction. The bank takes the property back and assigns a REO and they list it. Is there alot of negotiating room with them? They are only cash deals or mortgaged deals then right?

[rosejohnson]

We have an Idaho situation. We were served foreclosure notice. We have sent multiple QWR and dispute letters in our situation. We are told it is likely the first in the nation of this situation as it deals with original real property and 'doctored records' mortgage fraud and a veteran home and property loan. We are in the court with a different part of the situation and the lender traded servicers and trustees and is trying to move forward to foreclose. How do we stop this? They have set the date of August 11th of 2025. Our jury trial in the other part is not until September. How do we stop this?

[jerel]

Thanks for the information! I I wonder if you have pictures of the before and after the sheriffs sale for other investors to use when talking to sellers I’ll definitely use the information about the beard process. I also plan to go to the other YouTube channel to check out the five ways of stopping at foreclose, thanks again

[Money-Fast-Plan-a]

"Do one thing every day that scares you." ---Motivation

[mamabear]

Just a question. Lets say the auction allegedly couldn't be stopped. Would you then be the same business that do surplus recovery funds ?

[ERICSTAFFORDFISHING]

Help me please it’s not even pre foreclosure yet. Please help me

[JoseMorales-rjro]

I need help with a pre foreclosure, sale date march 3 ..i want to keep my home. Please help me!!!

[Fernando_Belmont]

I was wondering what is a good exit strategy for a seller finance deal, how does a refinance work with the bank and the seller? What happens to the original loan?

[tecatecs]

That’s an awesome electronic whiteboard. What’s the brand?

[bonniej]

Okay I'm in pretty free closure is there anything about the loan agreements or anything that I can do to stop it I have not paid this Mortgage in like 2 years and I was on forbearance for 18 months * 2 since 2020 I came back 2023 I started paying it then I stopped because they weren't applying it towards the past due balance then they sold me again and then I tried to pay it for a few months later the same thing so I stopped paying.
Wells Fargo got paid at my Chapter 7 bankruptcy and they're saying oh well that doesn't mean you don't have to pay any more well I just found out about it when I came back from forbearance cuz I didn't know they got paid and put in a claim how can they have a claim in get paid hold a note and have me pay them especially when they secured the property with my note my credit that's ridiculous

[rrgorena]

Lmfao we weren’t even wearing any underwear 😂

[steppaboss]

In some cases the bank postpone the sale if no one buys.

[skinnydog]

I need help, my house just went into foreclosure