It’s the one-year anniversary of the podcast, and Ryan and Neal are celebrating by diving into a hot topic: How does a property end up in foreclosure?
This episode is packed with practical insights for real estate pros and entrepreneurs—covering everything from crucial communication between lenders and borrowers to the steps that lead to foreclosure. Learn how to protect your deals, stay flexible as a borrower, and ensure you’re underwriting smartly to avoid common pitfalls!
Show notes:
1:02 - Introduction
2:30 - How does a property end up in foreclosure?
8:41 - Communication between a lender and a borrower
10:32 - The steps leading to foreclosure
12:41 - Selling the property
13:05 - Flexibility as a borrower
15:02 - Make sure when you’re underwriting to really ensure that the value is there
19:35 - Default rates and significant security through paper and term sheets
23:50 - Post-default deal review
26:12 - Outro
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