In this episode, we talk about the most important aspects of foreclosure. There is a lot to a foreclosure but this is some of the most important aspects you will need to know.

When a borrower defaults on their mortgage payments, the lender may initiate the foreclosure process, which allows them to take possession of the property and sell it in order to recoup their losses.

As a note investor, it's important to thoroughly research the property and the borrower before investing in a mortgage note to minimize the risk of foreclosure.

Factors such as the state (judicial vs. non judicial) value of the property, the creditworthiness of the borrower, and the terms of the loan can all impact the risk of foreclosure.

Chapters: 👇

0:00 Intro
0:32 Know The State
0:48 Know The Value of Your Asset
01:20 Know The Title
2:35 Your Attorney Makes A Big Difference
4:42 Boots on the Ground

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