This e-book has been written to provide information about acquiring vacant and abandoned property by foreclosing. Every effort has been made to make this ebook as complete and accurate as possible. However, there may be mistakes in typography or content. Therefore, this ebook should be used as a guide - not as the ultimate source of Internet Marketing information. The purpose of this ebook is to educate. The author and the publisher does not warrant that the information contained in this e-book is fully complete and shall not be responsible for any errors or omissions. The author and publisher shall have neither liability nor responsibility to any person or entity with respect to any loss or damage caused or alleged to be caused …show more content…
Then, clean the lawn and fix up the broken windows. Next, you send a bill to the last known owner of record. Now, you file a Claim of Lien in the County Recorders office to secure the property. Finally, you foreclose on your lien, and subsequently receive the default judgment on your claim, because no one is there to Challenge your Claim. The clerk of the Court issues the writ of possession and execution. You pay the Sheriff $100 and he executes the writ. Congratulations you just acquired a house!
After reading this book, you will know how to acquire vacant and/or abandoned homes, (including “Bank Owned” houses) using a relatively quick and efficient …show more content…
can be real property or personal property. The most FIGURE 5 types are: goods, instruments, chattel paper, documents, accounts, general intangibles, and rental property. Anything attached or expressed as collateral under a Deed, Lien, or other type of Security Agreement. Foreclosure - the way by which one disposes of personal property to receive rights to or possession of collateral Legal Description - A formal description identifying real property including any part subject to an easement or reservation, complete enough that a particular piece of land can be located and identified. It includes metes and bounds, or lot numbers of a recorded plat. Mortgage Deed - A deed that conveys title to property that is given as security (collateral) for the payment of a debt or performance of a duty. Operation of law - The means by which a right or a liability is created for a party regardless of the party’s actual intent. Personal property - Any movable or intangible thing that is subject to ownership and not classified as real property. [Blacks Law 8th] See the definition of collateral Real Property - Land and anything growing on, attached to, or erected on it, excluding anything that may be severed without injury to the land. [Blacks law 8th] Houses and real-estate are classified as real property Security Agreement - An agreement that creates or provides for an interest in