Foreclosures can add value in these turbulent times. Foreclosure occurs when a property owner cannot make principal and/or interest payments on his/her loan, typically leading to the property being seized and sold.
There are several stages during which the homeowner has an opportunity to bring the loan current and avoid foreclosure.
After about three to six months of missed payments, the lender orders a trustee to record a Notice of Default (NOD). At the County Recorder’s Office. This puts the borrower on notice that he or she is facing foreclosure and starts a reinstatement period that typically runs until five days before the home is auctioned off.
When you purchase property at a foreclosure sale, all junior liens other than property taxes are wiped out. Priority of liens is determined by the date of recording. When you purchase a REO aka. Bank REO, you will typically receive the property with a clean title. Contact us and join our Newsletter to learn more.
AG WOLF pursues multifamily acquisition opportunities for our clients. We also help owners sell property to our network. Investors can unlock value through a myriad of strategies, including institutional management, asset rehabilitation, repositioning and creative recapitalization. Learn more about joining our network and receive updates on multifamily sales and opportunities.
We can help you source, fund and purchase investment property that can generate monthly cash flow payments in key locations. Our locations are mostly NY, NJ, and CT. We chose these areas due to high population density, high income demographics and market growth.
Vacant Lots, Development Sites, High Cap Rates, Low Cap High Cash Flow Properties
Join our Newsletter to learn more about how we can enhance your property portfolio.
Our team of Mortgage consultants can help guide you through the ardous process of finding funding for your properties.
Refinancing at historical low rates is available along with project funding for commercial purposes. Our Banking and Commercial RE network can help you exit partnerships, exit construction loans, and blanket mortgages. Contact us today or join our Newsletter for more information.