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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] JBB and owner's reaction? Posted by Sean Wagle on March 23, 2002 at 0:00 AM I'd never heard of the JBB strategy until reading this board. It sounds like an interesting angle for someone without enough cash for the auction. However, doesn't this violate part of Ward's strategy of handling the owner? I.e. explain to him that you're just an investor, and not the reason he lost his house. If you buy a 2nd, and instigate a foreclosure, you really *are* a collector on that note! Something I haven't seen anyone discuss here is to scout for 2nds on property that is current, but acquiring additional liens. That could be a tipoff that the owner is managing to keep his mortgage current, (and just letting the rest of his credit go to hell.) Your competitors are all waiting for that NOD to happen, while there's a deal just waiting to be formed. Does this sound possible? Follow Ups: Invest in debt and you'll make money. Ward-CA- 10:43 PM, 03/23/02 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I'd never heard of the JBB strategy until reading this board. It sounds like an interesting angle for someone without enough cash for the auction. : However, doesn't this violate part of Ward's strategy of handling the owner? I.e. explain to him that you're just an investor, and not the reason he lost his house. : If you buy a 2nd, and instigate a foreclosure, you really *are* a collector on that note! : Something I haven't seen anyone discuss here is to scout for 2nds on property that is current, but acquiring additional liens. That could be a tipoff that the owner is managing to keep his mortgage current, (and just letting the rest of his credit go to hell.) Your competitors are all waiting for that NOD to happen, while there's a deal just waiting to be formed. Does this sound possible? Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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