Negotiating Payoff with Debt Collector on HELOC to Structure a Deal that Wouldn't Otherwise Have Worked

How the Deal Was Done
02/02/2024 10 min
Negotiating Payoff with Debt Collector on HELOC to Structure a Deal that Wouldn't Otherwise Have Worked

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Episode Synopsis

In this episode, we talk with Mike Gorius about a deal he completed recently where the seller had a HELOC loan on their home (that was never paid) and had accumulated a large amount of fees and interest. Mike talks about how he restructured the deal by negotiating with the lender to make the deal work and helped the seller out of a difficult situation while also structuring a deal for his investor partners.

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