Posted by DaveD (WI) on April 04, 2006 at 20:02:20:
Be more specific. How much equity, how much to catch up? You are running into usury and all that crap because the laws have gotten very owner friendly, and are biased against anyone trying to help them out. In other words, if you come riding in and rescue them… you shouldn’t make a huge profit. Guess that’s a win for the consumer?!
Guess it’s OK for the foreclosure attorneys to make a buck, but not you. Ah… think we are getting closer to the truth?
You are wading into a pond that is way deep… fraught with legal minefields. Step carefully. You may have a play, but there have been whole courses written on how to pull it off.