question on an old John Behle post

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Posted by Bob on April 08, 2004 at 08:44:14:
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Work with the NOTE owner. Do a private version of a "loan guarantee" or mortgage insurance type deal with a note that is in trouble - foreclosure or behind in payments. Buy the seller financing from the seller with 100% seller financing. Strike a deal with the payor to restructure and tack the arrearage on to the back of the loan for higher rate and/or payments. You then have created a cash flow. I'll detail that one more some other time.
--- Post Ends ---
John, that's a slick way to create a wrap. Care to elaborate? For one thing, if the payor is behind, how can they afford a higher rate or payments?

Follow Ups:

Re: question on an old John Behle post Sarah Bunnell 16:54:45 9/28/2004 (0)

Re: question on an old John Behle post Carol 10:40:29 5/16/2004 (2)

Re: question on an old John Behle post Valerie Chambers 10:10:28 9/28/2004 (0)

Re: question on an old John Behle post Eoin Shirley 23:07:43 9/27/2004 (0)

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