re: how to pick up a foreclosure

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homeskillet

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Good info. I am looking at a similar situation. sister and soon to be x brother in law. She isn't on the note, I don't know what they put down, but if I could pick up w/ some equity, I most definitely would with the same goal in mind.

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She may be on the title. If she is then you've got a tad more leverage in that she's gotta sign off on whatever he does.

Tough situation because you never know just how mad they are at each other. In the situation I talked about, we were worried his stepmother-who was just a hard-boiled biatch who wouldn't know a good man if it slapped her in the face-was gonna bust the family's balls by not signing.

But that's when I just thought that it would make her feel "mo bettah" if we just looked up an RE attorney and threw him a $50 in exchange for us being able to sign it in his office.

Did the trick perfectly. Like I said, this was when I was 24 or 25 and literally screwed around on Google & got a few copies of some mortgages I closed to read some riders, notes, & mortgages to just sort've read up on what most big lenders did to protect themselves in the language of their documents.

I would not recommend doing this on your own. We sort've knew we could "outsmart" the mother who was simple-even if she was a biatch. Just winged it & it turned out aces for him.