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Foreclosure Forum |
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Re: Tell me more...In Reply to: Tell me more... posted by Ward-CA- on March 21, 2004 at 8:47 AM
Joe Kaiser is a big fan of partial interest transactions. He sells a course on doing them, which I haven't had a chance to read yet. I suspect you'd have to get an irrevocable power of attorney in order to ensure that the property was sold. If you have reason to believe the distress was temporary, you could buy a long-term option instead and ride the appreciation and equity paydown. A good plan for long-term money like Roth IRAs.
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