How to Stop Foreclosures At the Last Minute!

In the final video of this foreclosure series, Pace Morby and Michael Franke dive deep into the world of pre-foreclosures vs foreclosures. Michael breaks down what a pre-foreclosure is, revisiting the timeline they discussed in previous videos. The duo sheds light on how to stop foreclosures, even when the auction day coming closer—yes, you can stop a foreclosure at the 11th hour! It’s tricky, but Pace and Michael share the strategies to pause or extend the foreclosure process, whether it takes 12 minutes or 12 hours.

Pace drops invaluable tips on how to contact those who hold the power to extend foreclosures, sharing a thrilling story of running down to the trustee’s office in the nick of time. Michael emphasizes the importance of persistence, explaining why you need to be relentless in reaching the right decision-maker—it might take 10-15 calls, but it’s worth it.

In this video, Pace also recounts his door-knocking team’s efforts to save a seller from foreclosure, providing practical advice on convincing sellers that foreclosure isn’t their only option. They discuss the meaning of REO (Real Estate Owned) and acknowledge that sometimes, it’s too late to help a seller. Reflecting on the Arizona market from years ago, Pace shares his experiences at public auctions, offering a unique perspective on the foreclosure landscape.

Don't miss out on this critical discussion! Pace and Michael’s insights are essential for real estate investors looking to master pre-foreclosures and foreclosures. Watch now to learn how to navigate these tricky waters and save deals at the last minute. Like, subscribe, and stay tuned for more expert advice on creative finance in real estate!

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Chapters:
0:00 - Intro
0:06 - Pre-Foreclosure vs Foreclosure
1:08 - Stopping Foreclosures At the Last Minute
10:46 - What Are the Options for Redemption?
13:22 - Foreclosure Auctions
15:28 - Can You Help Seller at 11:50?
15:41 - Outro

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🚧🚧🚧 DISCLAIMER 🚧🚧🚧

Pace is not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a YouTube video for entertainment purposes ONLY.