Donna Bauer is known as “The Note Buyer.” While I attended the Real Estate Wealth Expo in New York, I saw her speak on investing in preforeclosures through note buying or what is also known as short sales.
I waited in line for about an hour to get in to the lecture hall. (I had tried to attend an earlier seminar, however the room was filled to capacity and people were already waiting for the next one to start) She is obviously a very popular speaker and attendees packed in like sardines (the seats were small and placed closely together) to get her take on buying notes and “becoming the bank.”
Donna explained how to cash people out of mortgages through the use of private investors. She uses title companies to hold escrow and obtain the deed through escrow. She also maintains her own legal documents when going through her investment process.
She had some great tips on where to find great deals. Donna suggests speaking with bail bondsman. She explained how many people put up their homes in exchange for bail money and if bail is jumped, the bail bondsman takes over the mortgage. You can then make a deal with the bail bondsman to take over the mortgage.
Donna also invests in preforeclosures through her own short sales method. She says she finds the best deals at the end of the bank’s fiscal year.
Donna Bauer is a commanding and informative speaker. She offers an unusual take on note purchasing which has been extremely successful for her and her students. She offered many helpful tips at the free seminar which leads me to believe her program has much to offer anyone interested in using preforeclosures and note buying as their real estate investment strategy.
