Now for something completely different: Dayton attorney Joseph Lucas found a source of real estate purchases in a category most investors overlook. Most every city has them–vacant, foreclosed homes that remain empty for years. These “zombie” foreclosures remain in legal limbo–the foreclosures incomplete because lenders don’t want to take the homes over. Foreclosed owners often don’t realize they are still owners of record. Joe went looking for them and offered to buy their abandoned properties. What Joe does after that makes a fascinating story of how to put the law to work to get vacant houses back in service. Lenders, it turns out, are often willing to release their liens when pushed to either “put up or shut up.” Learn more when Joe Lucas joins us Tuesday, September 4 at 6:30 p.m. and earn 1 hour credit (negotiation) toward your Ohio Professional Housing Provider (OPHP) designation!
Although Joe Lucas has been buying zombie properties for years, he hasn’t bought a house off the MLS since 2005! With more buyers than houses right now, most of us are having a REALLY hard time finding houses. You need to hear how to find these hidden gems, if you’re trying to grow your portfolio.