In Texas, more than 90,000 consumers file for bankruptcy on an annual basis. Unfortunately, the majority of the bankruptcy cases are dismissed (thrown out) within the first twelve months of the application due to many factors, including delinquency of payments established in the debtor’s bankruptcy plan. When a bankruptcy case is dismissed, a creditor (usually the lender) has the right to force the sale (foreclose) to collect past due payments and fees. This course will teach each investor specifically about the federal bankruptcy process (which has become more difficult over the last couple of years) and how to make money marketing and writing offers to these motivated owners.

What You Will Learn

• • Specific Techniques for staying ahead of current bankruptcy trends
• • The different Stages of the Bankruptcy Cycle
• • Become familiar with the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (S.256) & how this has impacted consumer bankruptcy filings
• • Texas Districts (Northern, Southern, Eastern & Western) and the counties that are contained within
  each district
• • Websites & other Helpful Sources
• • How to View detailed financial information about the property before you speak to the homeowner
• • How Chapter 7 and Chapter 13 bankruptcy affect the “Listing Agreement” between broker and client
• • How to work with the Bankruptcy Court (Trustee) to facilitate a sale of the property
• • Scripts of what to say to the homeowner and the lenders in the bankruptcy cycle

Workshop includes:

Step-by-step manual, 2-hours of instruction, forms, website, addendums, marketing pieces, disclosures and videos (home-study course only)