Foreclosure Process

Foreclosure Process

About a decade ago, foreclosures were common in the world of real estate. Now, foreclosures are much less common, but as a real estate investor, you should be informed about foreclosures and how they work.

In this video, I’ll walk you through the five-step foreclosure process. You’ll learn about liens, public notices, collateral, and more. You’ll also come to understand the agreement between the borrower and the bank, and how it changes in the event of a foreclosure.

This video is for you if you’ve ever wondered about foreclosures and how they work. I’ll talk about foreclosures in the business of rental property investing, and why they are less common than before. Press play to learn more about foreclosures on properties!

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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.

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[vbump]

Im studying for my Real Estate License and this helped soooo much, thank you!

[zannakristal]

Thankyou... clear and concise ...I will check the website out..

[MichaelJones]

Big fan of you and the Mrs. I have watched you and Natali on Tech TV with Leo and actually have been a fan of Natali even further back when she was a semi regular with John C. Dvorak. I have watched how the both of you have built a business on your Ideas and things that excite you. Keep putting your ideas out here for us to watch. I'm an old fart like John C. and set in my ways and old enough that I don't have to take crap off anyone. LOL. I'm 66 and still working with my business as a FedEx Ground linehaul contractor and a Amazon Transportation contractor. Love the energy that you put in your shows. Keep up the good work.

[TechOutAdam]

Great video Morris! You're a natural at Youtube.

[CHEEZWHIZ]

Well done. Simple and to the point. I love your vernacular. I learned a lot.

[AlexSerranocreativefeather]

Thanks a lot for the data, Clear explanation of the concepts Forclosure and Short Sale.

[lyngovico]

Thank you for all the informations you shared.

[nancycoughlin]

Great video, as always!! Really appreciate the information, thank you very much!!!

[jenlydelgado]

thanks a lot, this bring me good knowledge.

[tyjames]

Great job better then some RE teachers 😀😀😀

[adrianrene]

Hi Morris the video was very well done and informative. I might be going through the foreclosure process pretty soon here. I was wondering if I could get in contact with you to go over the details of my situation and maybe revive some advice. I would greatly appreciate it. Thank you.

[KINGSv]

Thank you for sharing!!! Please do you get your down payment back after foreclosure?

[Sillocan]

I agree with being a natural for YouTube. Wish you had a bit more of a following, but figure REI isn't a common topic to look into lol. If you ever wanted a much larger following I feel some basic money math videos would be good. Eg: budget, debt, etc

[imbonnie]

Isn't debt forgiveness counted as taxable income? So let's say the bank forgives $50, 000 of a loan the person may get hit with a $10, 000 or s tax bill.

[Dats_dope]

What happens if the bank won’t take my mortgage payment

[johnnyb]

do u have a buying foreclosures video if not please make

[nadir]

When prices rise above what is affordable and people need FHA 3.5% down I would consider that asset distortion and Fed funds rates being held down is added evidence in my opinion.

What do you think? Thanks for the great video!

[MrWisdomseekr]

My uncle just discovered that two company properties are going to be in a Sheriff's sale in January for delinquent property tax. I just discovered that one is the home my uncle lives in. He thinks he's not delinquent for his house. One home is behind $1600 in taxes and his house is delinquent $1500. The two company properties is being sold for $8000. Can anything be done to keep him from losing his house besides paying $8000?

[kelleybateman]

I feel like I'm getting screwed on my property. About to be foreclosed on and they gave me 12 days to pay $4000. Idk who to talk to

[tyjames]

Didn’t announce your website, never assume people know how to navigate inthe digital world.