How To Stop Foreclosures At The Last Minute -- Make Massive Profits From Foreclosures | Subto Show
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 • 586 Ratings
🗓️ 12 July 2024
⏱️ 18 minutes
🧾️ Download transcript
Summary
On today's Wholesale Hotline Podcast (Subto Edition), Pace Morby is joined by the Michael D. Franke from Kansas City to discuss all things foreclosure.
Show notes -- in this episode we'll cover:
- Michael explains the foreclosure process..
- What is the psychology and mindset of home owners during different stages of the foreclosure process.
- How to get in contact with foreclosure sellers and how you should speak to them.
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Transcript
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| 0:00.0 | Hey guys, Pace Morby here. Welcome to Wholesale Hotline Podcast. Today, we're going to be talking about |
| 0:04.0 | wholesaling and how you can get started. But I want to tell you, wholesaling is not just an amazing way for you |
| 0:08.6 | to get started in real estate, but you can also build cash flow and build a portfolio in the process. |
| 0:15.2 | Today's episode, you will walk away with tremendous notes. And I want you to remember, we do a live |
| 0:20.5 | episode every Monday night |
| 0:22.5 | over on my YouTube channel, YouTube.com forward slash pace morby. Head over there and you can meet |
| 0:28.4 | other audience members and do deals in the live chat. Remember to subscribe, give us a little bit |
| 0:34.5 | of love, and make some comments in the show notes down below so we know what to talk about in the future |
| 0:38.8 | Enjoy today's episode |
| 0:45.3 | Michael D Frankie D is for door knocking pre-foreclosures |
| 0:51.3 | Michael what is the difference between pre-foreclosures and foreclosure? |
| 0:56.0 | Pre-foreclosure is a house that's behind on payments, but it has not gotten to the auction yet. |
| 1:02.0 | We talked about the timeline until a foreclosure, it's a pre-foreclosure until it hits that |
| 1:07.0 | foreclosure auction. |
| 1:09.0 | After that foreclosure auction happens at the courthouse steps, then it turns into a foreclosure auction. After that foreclosure auction happens at the courthouse steps, then |
| 1:12.9 | it turns into a foreclosure. Okay, so let's say it's a month, do you guys have a specific |
| 1:17.1 | date in your auction? We have auctions pretty much daily. Okay, so do we, but in Texas, you don't. |
| 1:23.3 | I think it's like the second or third Tuesday of every month inside of Texas. So Texas, like you guys have a massive day of a lot of foreclosures happening the same day. |
| 1:31.1 | So let's say it's a Monday and the foreclosure auction is set at 1151 AM. |
| 1:41.2 | A seller has been ignoring you. |
| 1:43.6 | You and your team have reached out when the NOD list was posted. |
| 1:48.0 | You guys call it a what appointment? |
... |
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