Coach Mitch’s REFLECTIONS™ [Editor’s Note] A student asks about structuring a promissory note. Coach Mitch, Hypothetical scenario, when a tax delinquent homeowner agrees to transfer the property’s responsibility to me, title included, how should a promissory note be structured? Should the amount of the note be the tax amount that has been paid by the […] . . .
Read More: Use notes to buy tax sale property. Post 206
Coach Mitch’s REFLECTIONS™ Hi Coach, Love your stuff but I must be dense. I understand the reasoning behind trying to get a house & land prior to the tax sale and that doesn’t seem to be a problem. What I don’t understand is if I should get a quick claim deed from the owner and […] . . .
Read More: Should I buy at or before tax sale auctions? Post 149
Even if you’re up to date on payments, don’t ignore taxes or transfer the loan. Los Angeles Times December 7, 2008 Reporting from Washington – Not making your [tax ed.] payments is just one way to lose your house. Take the case of Aaron Powell, a member of a right-wing militia group who a few […] . . .
Read More: Banks always have the upper hand. Post 115
Coach Mitch’s REFLECTIONS The mortgage banking cover-up The real, banking “fraud” that is not spoken about is: the investors on Wall Street and the Hedge funds along with the banks create the banking programs. They are the ones who set the rules. A No Income Check, No Asset Check, NIC NAC, loan does not […] . . .
Read More: Banks create bank fraud, creating tax foreclosures. Post 92