Understanding The Foreclosure Process and Timeline

As a real estate investor you must understand the foreclosure process and how you can help people through the process- as well as land yourself a good deal in the process. Follow along as we breakdown the timelines and processes for finding motivated sellers before they get foreclosed on!

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VIDEO: How To Buy A House At The Auction

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VIDEO: Tips For Getting Bank Owned Properties Cheap
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Jerry Norton went from digging holes for minimum wage in his mid 20's to becoming a millionaire by the age of 30. Today he's the nation's leading expert on flipping houses and has taught thousands of people how to live their dream lifestyle through real estate.

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[famyt]

You give out so much value Jerry 🙏🏾I honestly appreciate all the time you put into these videos they are helping many people

[GovtWatchdog]

I’m not an investor. I’m just a first time home buyer with cash looking to outbid annoying investors 🤣 Thanks for the info.

[kemilkerim]

All of this is just absolute GENIUS!!🤓

[carlossanchez]

Thank you Jerry! For these awesome videos with so much useful information. Im a 20 year old studying your videos while saving up money to hopefully join the 10k club and soon my first flip. Again thanks Jerry you are a flipping genius!

[AllThingsGarrett]

This was amazing! I spoke with someone in foreclosure this morning and they were asking me questions I didn’t know the answer to and I retrieved it from you! Thank you!

[jacobamezcua]

Such good information - thank you! I enjoy all your videos and particularly appreciate your reminders of the importance of living a gospel-centered life. Helps keep things in perspective for me!

[thecashhousebuyersteamh]

Wow redemption rights ! Jerry. You are amazing sir and thank you beyond measure

[josuecasas]

I was looking for this video last week, Jerry Norton can read minds!!

[DavisTheName]

Wow the water awesome. The mini waves.

[RafterQ]

In my state the owner in default has 120 days from the notice of default date ( public record) to redeem. If you buy property from the bank you get it with clear title (owner in default cannot redeem after his 120 day redemption period) but if you buy at auction there could be liens on property.

[katherine]

Great video I learned a lot! Question, when I’m looking at foreclosure history on a property and I go to document type, does PP mean Pre Preforclosure, NT- Notice of Trustee? If so what does document type NS mean??

[antwonemadison]

How do you feel about adding a clause in the assignment contract that states I can renegotiate the purchase price with the original seller and I get the difference as an additional assignment agreement fee and the purchase price will not affect the total due at closing by the assignee?

[just_juulees]

There is a foreclosed home that has the for sale by owner sign in front here when I live and when I asked if the home was REO ( real estate owned ) the property manager replied " we own the home " I was also informed the house has been vacant for about 2 months now . Would this property be REO ? and would I be able to assign this home if I get it under contract? Or would that depend on the contract before signing?

[santiagoorozco]

Hi jerry, do you have contractors in every state you flip in or is it just one team?

[stevenjones]

Do you have a do not section and or avoid these terms or situations?

[Waxthomas]

So if the bank takes it back can the owner still sell it if the bank haven’t put it up for sell yet?

[sokhombin]

Can you do a video on getting an occupied reo? How do you remove the squatter there?

[adambrizuela]

Love your channel!!!! But I can't get the email with the FREE Motivated Seller Scripts, I tried the link but I never get it. :( is there another way? Thanks

[Whatever]

What if I am a lender and have a second position on an investment property (tenant in place) - Is the foreclosure still the same?

[oslm]

Hey Jerry are all Bank owned/REO properties the result of no investor buying a foreclosed property at the bid price?
in other words can a bank for go an auction and send it straigt to an REO agent ?