quote:

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Originally posted by The Professor

Hello,

Does anyone receive a list of homes that are at risk of going into foreclosure in the State of Washington (Seattle Metro) to be specific? I have a client that would be interested in saving someone from foreclosures by bringing them current and assuming their loan in which they would like to refinance into their own name after a period of time.

Id be willing to work something out with anyone who can help.

Thank You,
JC Gutierrez
602-540-5087
jcgvideo@Yahoo.com

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quote:

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Originally posted by The Professor

GTFO? Ok im relatively new to this whole website and I like it a lot...but Im not familiar witht the acronym GTFO. Is that a persons bulletin name?

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quote:

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Originally posted by The Professor

Oh thats real mature. I present an opportunity and this idiot cant even spell out his smack talking.

I dont know much about foreclosures except that there is an opportunity there...hence the board, hence the question, hence the whole concept of this website. But like any blog type website there will always be idiots so I wouldnt expect any less here. I just got to identify the idiots and thank you for identifying yourself Stayinhomegal

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quote:

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Originally posted by The Professor

How do you even know what my offer is...cmon now Im asking for help regarding if anyone knows anything about Foreclosures in the state of Washington. Dont try to link me to some BS.

Obviously someone posted some other scam stuff about Foreclosures but WTF does that have to do with me? My friend/client asked me about this in the state of Washington if you can help me find out more then please respond or email but if you got a stupid comment then go somewhere else with that noise.

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quote:

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Originally posted by The Professor

I appreciate that mantixmortgage, a genuine answer to a genuine question.

I dont know why people rush to assumptions, must be a human thing.

I didnt realize how sensitive people are to the word Foreclosure. I mean I just started to study up on how it can be a strategic way to invest. And if people are willing to buy homes in preforeclosure then obviously as a LO we can help them get financed.

However, I have never taken on a deal like this, hence the reason I made the post in the first place to get some feedback from anyone who has, or anyone in the state of Washington who knows how to find Foreclosures or preforeclosures.

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Originally posted by The Professor

And another thing....I never realized Foreclosure is a "bad" word. WTF man? Plenty of people know that the Foreclosure market is an investment strategy and OBVIOUSLY people need to be approved for such lending and DUH thats what this site is about...I personally have never worked with any deal in regards to the Foreclosure market and wanted to know more about it.

You must be one of those "Ron Paulers" who just makes posts to fill space instead of sticking to the whole premise of this site. I cant stand Idiots!

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quote:

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Originally posted by The Professor

And another thing....I never realized Foreclosure is a "bad" word. WTF man? Plenty of people know that the Foreclosure market is an investment strategy and OBVIOUSLY people need to be approved for such lending and DUH thats what this site is about...I personally have never worked with any deal in regards to the Foreclosure market and wanted to know more about it.

You must be one of those "Ron Paulers" who just makes posts to fill space instead of sticking to the whole premise of this site. I cant stand Idiots!

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quote:

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Originally posted by StayInHomeGuy

quote:

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Originally posted by The Professor

And another thing....I never realized Foreclosure is a "bad" word. WTF man? Plenty of people know that the Foreclosure market is an investment strategy and OBVIOUSLY people need to be approved for such lending and DUH thats what this site is about...I personally have never worked with any deal in regards to the Foreclosure market and wanted to know more about it.

You must be one of those "Ron Paulers" who just makes posts to fill space instead of sticking to the whole premise of this site. I cant stand Idiots!

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You're the guy who can't even figure out where to begin and I'm the idiot?

LOL

The thing is this: I have talked to multiple seniors who fell for this scam, somebody told them they would save them from foreclosure and eventually they would be able to buy ther house back. Problem is that it never happens and in the end these folks are forced to leave with nothing. You want to act like you are oblivious to this idea...well ignorance is bliss.

But you show up on this forum and not even 20 posts in you start looking for ways to scheme and profit off of these people who are hurting and I'll call you out pal.

Now GTFO.

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quote:

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Originally posted by Managing Prime

http://www.propertycrossroads.com/part-iii-con-artist-reveals-mortage-scams-foreclosure-fraud/

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quote:

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Originally posted by The Professor

quote:

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Originally posted by Managing Prime

http://www.propertycrossroads.com/part-iii-con-artist-reveals-mortage-scams-foreclosure-fraud/

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Thanks for the link but this is not what I was asking.

My client asked me about some ads he saw where some people are at risk of going into foreclosure and merely want to get out of there property rather than destroy their credit with a foreclosure. They are looking for someone to assume their loan. He asked me how he could go about doing so.


Perhaps my post needed clarification or wasnt specific enough. There is nothing wrong with helping someone whom is going to lose their home anyway. Im sure there are a Ton of idiots out there that are committing Fraud and taking advantage of this situation.

However, I know for a fact that there is a Legal and Ethical way of doing this and was merely seeking guidance from anyone whom has invested in the Foreclosure market.

NOt all of these homes have to go to Auction.

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quote:

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Originally posted by StayInHomeGuy

quote:

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Originally posted by The Professor

And another thing....I never realized Foreclosure is a "bad" word. WTF man? Plenty of people know that the Foreclosure market is an investment strategy and OBVIOUSLY people need to be approved for such lending and DUH thats what this site is about...I personally have never worked with any deal in regards to the Foreclosure market and wanted to know more about it.

You must be one of those "Ron Paulers" who just makes posts to fill space instead of sticking to the whole premise of this site. I cant stand Idiots!

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You're the guy who can't even figure out where to begin and I'm the idiot?

LOL

The thing is this: I have talked to multiple seniors who fell for this scam, somebody told them they would save them from foreclosure and eventually they would be able to buy ther house back. Problem is that it never happens and in the end these folks are forced to leave with nothing. You want to act like you are oblivious to this idea...well ignorance is bliss.

But you show up on this forum and not even 20 posts in you start looking for ways to scheme and profit off of these people who are hurting and I'll call you out pal.

Now GTFO.

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quote:

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Originally posted by Managing Prime

quote:

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Originally posted by The Professor

And another thing....I never realized Foreclosure is a "bad" word. WTF man? Plenty of people know that the Foreclosure market is an investment strategy and OBVIOUSLY people need to be approved for such lending and DUH thats what this site is about...I personally have never worked with any deal in regards to the Foreclosure market and wanted to know more about it.

You must be one of those "Ron Paulers" who just makes posts to fill space instead of sticking to the whole premise of this site. I cant stand Idiots!

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It's how you presented it:
I have a client that would be interested in saving someone from foreclosures by bringing them current and assuming their loan in which they would like to refinance into their own name after a period of time.

That is almost a text book foreclosure scam if we are to understand the Original Post correctly.

To clarify: Your investor does not want to purchase the property. They want to assume the mortgage. Help the homeowner get current and then help the home owner refinance back into the property. Correct?

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quote:

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Originally posted by The Professor
I genuinely have no clue

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Originally posted by ritabradley01

This guy sounds like he might not know much about this part of the industry - it is possible he had good motives for posting this but may have been drawn into something he didn't understand.

I've gotten calls from investors that wanted me to do appraisal work for them. Initially everything sounded legal and reasonable but when I started asking questions it became clear that they were looking for someone to help them scam somebody.

At least this guy has his name and a website in his profile. It looks like he's not hiding. Listen to these guys Professor. They know what they're talking about.

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Originally posted by dwmordue

Professor,

I'm not going to jump all over you and assume you're trying to screw people that are already in a tough situation here in WA.

If you're just trying to get info and learn about foreclosures, and legitimately looking to help people, that's great. Make sure you do a a good amount of research before you operate here in WA. Laws here are very strict right now. And more importantly, if you are approaching people and trying to help them, you owe it to them to have a solid knowledge of the subject matter.

Here's a few highlights for you.

Firstly, Equity Stripping is a felony in WA.( and probably a lot of other places ) Minimum sentence is 1 year, max is 5 years, per violation. So going onto title with the owners and refinancing is risky business, and is ill advised unless you're a relative or someone who has a true interest in helping the homeowner.

Secondly, the foreclosure laws were totally rewritten on 06/12 of this year. If you violate these new laws, fines go up to $100,000 now ($10,000 previously)

Also, if you are planning to buy the foreclosed home and sell it back to the previous owner who was facing foreclosure (which is totally legal here) you will be required to pay a price of at least 82% of the fair market value of the home to the sellers. This in an of itself is enough to discourage most people who use this particular foreclosure strategy because the upside potential is limited.

There are many other changes as well, so you should do your research up front.

If you want to find lists of foreclosures, there are plenty of sources online. Simply googling "foreclosure WA" should pull up a huge list of vendors that can get you data. Foreclosure Point, which is located here in WA, offers national foreclosure data and tracking.

Interested to know why you are chooosing WA for foreclosures. I would think there are a ton in your own back yard.

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quote:

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Originally posted by dwmordue

Professor,
Interested to know why you are chooosing WA for foreclosures. I would think there are a ton in your own back yard.

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quote:

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Originally posted by The Professor

Hello,

Does anyone receive a list of homes that are at risk of going into foreclosure in the State of Washington (Seattle Metro) to be specific? I have a client that would be interested in saving someone from foreclosures by bringing them current and assuming their loan in which they would like to refinance into their own name after a period of time.

Id be willing to work something out with anyone who can help.

Thank You,
JC Gutierrez
602-540-5087
jcgvideo@Yahoo.com

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quote:

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Originally posted by The Professor

quote:

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Originally posted by ritabradley01

This guy sounds like he might not know much about this part of the industry - it is possible he had good motives for posting this but may have been drawn into something he didn't understand.

I've gotten calls from investors that wanted me to do appraisal work for them. Initially everything sounded legal and reasonable but when I started asking questions it became clear that they were looking for someone to help them scam somebody.

At least this guy has his name and a website in his profile. It looks like he's not hiding. Listen to these guys Professor. They know what they're talking about.

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I have nothing to hide. I just dont appreciate how StayInHomeGuy just right away attacked me without seeking clarification.

I also had some people call me at my cell phone number which I listed on this post giving me support as they were apalled at how he attacked me and the negative tone of this email.

I appreciate those who called and or emailed me telling me about the LEGAL and ETHICAL ways to make a profit in the Foreclosure market. I can understand why some people would have bad thoughts about this market and how some people would scam others but that is not what I was asking and I really didnt appreciate the rush to judgement of StayinHomeGuy nor how he tried to paint a false image of me without seeking clarification. After all I have nothing to hide, my website, phone number, and name are in the posting.

Hopefully we can remember that the premise of this site is to help one another with guidance regarding the industry. Not to attack one another.

Thank You & God Bless,

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quote:

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Originally posted by StayInHomeGuy

quote:

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Originally posted by The Professor

quote:

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Originally posted by ritabradley01

This guy sounds like he might not know much about this part of the industry - it is possible he had good motives for posting this but may have been drawn into something he didn't understand.

I've gotten calls from investors that wanted me to do appraisal work for them. Initially everything sounded legal and reasonable but when I started asking questions it became clear that they were looking for someone to help them scam somebody.

At least this guy has his name and a website in his profile. It looks like he's not hiding. Listen to these guys Professor. They know what they're talking about.

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I have nothing to hide. I just dont appreciate how StayInHomeGuy just right away attacked me without seeking clarification.

I also had some people call me at my cell phone number which I listed on this post giving me support as they were apalled at how he attacked me and the negative tone of this email.

I appreciate those who called and or emailed me telling me about the LEGAL and ETHICAL ways to make a profit in the Foreclosure market. I can understand why some people would have bad thoughts about this market and how some people would scam others but that is not what I was asking and I really didnt appreciate the rush to judgement of StayinHomeGuy nor how he tried to paint a false image of me without seeking clarification. After all I have nothing to hide, my website, phone number, and name are in the posting.

Hopefully we can remember that the premise of this site is to help one another with guidance regarding the industry. Not to attack one another.

Thank You & God Bless,

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Sorry for "attacking" you.

I have been in this business long enough to spot a bull****ter a mile away, and based on your OP that's exactly what I sensed.

you last line was "I'd be willing to work something out with anyone who can help."

aka: I'll cut you a piece if I find some meat.

If you truly meant well then I apologize to you and all of those here who were "apalled" by my reaction, but you obviously don't have the understanding or knowledge base to get invovled with this type business, leave it to the folks who know what they are doing. Washington is not the state you want to make a mistake in.

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quote:

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Originally posted by MisterVA

You really need to order that dvd. It could save you AND your friend a lot of money.

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quote:

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Originally posted by StayInHomeGuy

quote:

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Originally posted by MisterVA

You really need to order that dvd. It could save you AND your friend a lot of money.

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and jail time.


All I'm saying is that you are admitting to knowing nothing about the subject, and you couldn't have picked a worse time to try and "become an expert"... my advice would be to leave it alone.

plus your story has changed, at first you were looking to find a list of properties for a "client" and willing to work something out with anybody who could help you find such a list,.... and now all of the sudden you aren't looking for any list, just trying to figure out how the process works because a "friend" found somebody here who needs help. It doesn't add up to me and quite frankly I still think my gut feeling was right, but I'll leave it alone for now.

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