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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Ask if you can improve on their deal... Posted by Ward-CA- on February 16, 2004 at 5:37 AM In Reply to: How to be sure they've reinstated posted by Rudy on February 14, 2004 at 10:26 AM : While door knocking just a few days before the sale, owners say "they've handled it", but the automated trustee line still says it's up for auction in three days. : Granted, some of the owners are lying, but is there another way to tell for sure if they've reinstated with such a short time left before the sale? : Assuming the owner isn't overly cooperative with you I'd like to find a more definite way to inform them that the loan is NOT taken care of, and thus open the door for a last minute equity buy-out. ==================== Rudy, Almost all owner’s are fibbing when they say their foreclosure’s “been taken care of”. But even if you know they’re lying...there’s no foolproof way to prove it. So getting incontrovertible evidence is a waste of time. They’ll just tell you you’re wrong anyway. Just figure out a way of getting around the universal excuse of “it’s been taken care of” and proceed with deal. For example, you might respond with “Well if your deal begins to unravel at the last minute give me a call on my cell phone, 24/7 because I can stop a foreclosure in 2 hours, OK?” Or you might say, “I’m glad for you that your mortgage problem is being solved. Are you totally happy with the deal you’ve got? Well, tell me about it...maybe we can improve it.” Hope this helps. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : While door knocking just a few days before the sale, owners say "they've handled it", but the automated trustee line still says it's up for auction in three days. : : Granted, some of the owners are lying, but is there another way to tell for sure if they've reinstated with such a short time left before the sale? : : Assuming the owner isn't overly cooperative with you I'd like to find a more definite way to inform them that the loan is NOT taken care of, and thus open the door for a last minute equity buy-out. : ==================== : Rudy, : Almost all owner’s are fibbing when they say their foreclosure’s “been taken care of”. But even if you know they’re lying...there’s no foolproof way to prove it. : So getting incontrovertible evidence is a waste of time. They’ll just tell you you’re wrong anyway. : Just figure out a way of getting around the universal excuse of “it’s been taken care of” and proceed with deal. For example, you might respond with “Well if your deal begins to unravel at the last minute give me a call on my cell phone, 24/7 because I can stop a foreclosure in 2 hours, OK?” : Or you might say, “I’m glad for you that your mortgage problem is being solved. Are you totally happy with the deal you’ve got? Well, tell me about it...maybe we can improve it.” : Hope this helps. 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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