Just did my first Hostile Takeover and now working on the next!!!

That is so great to hear. So you were able to get her out of the house that quick without any problems? Wow, you are making money in the beginning, middle, end, very sweet deal. Congrats!

Jeremy

Carol, that is amazin!!! I am really impressed that you did this.
way to go!
best of luck
Richie.

Jeremy,
She was already out of the house. She had vacated it a month ago and was just going to walk away because she could not afford the payments.

It's always reassuring and inspiring to hear people using all the different techniques out there. Congrats and thank you for sharing.

Ed

that's cool! and you did it all in a couple of days. I found a property I was thinking of doing a subject to on. It's neat to see someone work out a good deal like that. Best of luck on more deals like that.

I've just recently joined the site and started reading Dean's books. There is a house on a lake my parents live on that has been vacant for an unknown amount of time. The people who own the house are from New Orleans and lost their house in Katrina, so moved to Baton Rouge and bought this house. He's in the medical field, and she was in law school the last the neighbors knew. They vacated the house when they got their "Katrina" money and repaired their home in NO and moved back down. Have several phone calls to them to try to work on this kind of deal, but I don't know if they own outright or if they are still paying a mortgage. The house is in deplorable condition except for the roof. I've been searching the site to see if I can find the information on how to find out if there is a mortgage on the house, and how much, so I can know how to approach them. I'm hoping for some sort of deal like this except I'll be the renter because I need to move back down here because of recent medical problems and my specialist, who's supposed to be one of the best in the South, is in Baton Rouge. My credit and everything took a hit when the disease came on, and I was actually the perfect candidate for this kind of deal, so my credit is shot and I lost my house to foreclosure. Kind of ironic that I'm now looking at the solution that could have helped me credit wise as the avenue to financial independence again. Once, again. Congratulations. It's so exciting and motivational to read of others' successes.

Carol-

We've done a number of "subject-to" transactions but never have we had one that went as quick as yours. Waht's that old adage? "Better lucky than good" Keep up the good work.

I know you have said you wanted to get into other areas besides the wholesaling, but it just kept pulling you back in... well, here you go!

Karen

Thanks for posting about the deal. Please tell us about more when you can.

way to go and congratulation carol. seems like its all working well for you and a lot of others here as well. Wish I could say the same after all the calls, all the emails, all the ads and everything else and still at the same place as day one when I started. Sure I have found buyers, agents to work with and all that stuff just to find out the buyers my opinion are not worth a crap and all that but oh well just one of those things.

ba

Congratulations Carol

Sounds like you had a lot of fun doing this deal,good for you.

Jim Kendrick

way to go carol!!!
i've been reading the past posts of bills' and was explaining this method to my wife. sounds awsome to me, part bill part greg lol- keep moving forward,rob

Carol! I still haven't gotten to see Bill's presentation on the EDGE DVDs, but I did my first deal subject to using a land trust. You did this so quick and easy! Did you use a trust?

Also, I'm not getting any bites on my Lease Option. I've used Greg Murphy's ads to the T, and I have a big list of T/B but not for the same area my house is in. The property currently has a tenant and the seller is covering any loss per month for taking over the headache and saving him from letting it foreclose. So, no loss, but I REALLY want to get it L/O to a T/B!

What an AWESOME deal! Absolutely Incredible! Wish mine went that smoothly and fast! Great job!

.

Contact the county clerks office for information on the property. They will have everything you need about the owner's info (being the bank).

Also, keep reading the book.....dont force a deal, let them come to you! Don't focus on one thing that you want so badly...other deals are out there and will come to you and answer their own questions!