Jason Dillard
Active 11 months, 2 weeks agoForum Replies Created
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Unless they can add something else it’s too skinny. Do they own any other real estate? Do they have cash in a retirement account? A car? Boat? RV?
I thought about sub2 with a private reverse 2nd. Too risky because of time to evict is unknown.
We could give them some option consideration if they can get the banks to do a forbearance. Then buy sub2 later.
“Equity Marketing” is the art of improving a client’s personal situation by exchanging current property ownership benefits for an improved set of benefits, as defined by them, to be realized from the process. -https://irex.ncexchangors.com/equity-marketing/
Equity marketing process as a tool that allows real estate licensees to look beyond “all cash” as the only means to consummate a transaction.-https://www.ncexchangors.com/
Founded in 1961, The Society has been the real estate industry’s leader in the field of Equity Marketing and creative real estate for over 50 years. Our operating philosophy is based upon the premise that “Real Estate is a People Business.”- https://www.secounselors.com/
“Advertising the benefits and obligations that your equity provides, with the motivation to exchange those benefits and obligations for a more suitable equity for your personal situation is Equity Marketing” -Me
Example;
I want to increase the benefits I am receiving from equity that’s in a vacant lot. I have no buyers at my price. I offer that equity(held by my lot) and cash to buy another property. The seller accepts to get mostly cash. I “sold” my lot for full price.This is one of hundreds of formulas that exchangors could use.
