Ep. 52 | How Does A Property End Up In Foreclosure?

Episode 52 of the Canadian Private Lenders’ Podcast podcast, hosted by NEAL, titled "Ep. 52 | How Does A Property End Up In Foreclosure?" was published on October 23, 2024 and runs 26 minutes.

October 23, 2024 ·26m · Canadian Private Lenders’ Podcast

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Summary

It’s the one-year anniversary of the podcast, and Ryan and Neal are celebrating by diving into a hot topic: How does a property end up in foreclosure? This episode is packed with practical insights for real estate pros and entrepreneurs—covering everything from crucial communication between lenders and borrowers to the steps that lead to foreclosure. Learn how to protect your deals, stay flexible as a borrower, and ensure you’re underwriting smartly to avoid common pitfalls! &nbsp...

Episode Description

It’s the one-year anniversary of the podcast, and Ryan and Neal are celebrating by diving into a hot topic: How does a property end up in foreclosure?

This episode is packed with practical insights for real estate pros and entrepreneurs—covering everything from crucial communication between lenders and borrowers to the steps that lead to foreclosure. Learn how to protect your deals, stay flexible as a borrower, and ensure you’re underwriting smartly to avoid common pitfalls!

Show notes:

1:02 - Introduction

2:30 - How does a property end up in foreclosure?

8:41 - Communication between a lender and a borrower

10:32 - The steps leading to foreclosure

12:41 - Selling the property

13:05 - Flexibility as a borrower

15:02 - Make sure when you’re underwriting to really ensure that the value is there

19:35 - Default rates and significant security through paper and term sheets

23:50 - Post-default deal review

26:12 - Outro

Resources:

Find Neal On:

Instagram - @Remaxneal
LinkedIn

Find Ryan On:

LinkedIn
E-mail - [email protected]

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