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Podcast: Mortgage Note Investing Weekly
Episode: EP98: Everything You Need to Know About Foreclosure
Description: In this episode, we talk about foreclosure & the must-know items to be successful in note investing. Rick reveals the due diligence process that goes into analyzing a mortgage note in foreclosure. He discusses the importance of gathering information from the seller, payment history, and servicing notes. He also talks about the role of court records in determining how far along the foreclosure process is.Learn about the differences between Chapter 7 and Chapter 13 bankruptcy and why a borrower might file for each type. Lastly, they touch on how foreclosure can be delayed due to a bankruptcy filing and...