Foreclosure Investing Explained: How Bobby Seegmiller Made $97K From One Call (Ep-107)
Description
Bobby Seegmiller, known as “The Bank Whisperer,” is a seasoned investor who’s helped thousands of homeowners and investors close profitable pre-foreclosure and foreclosure deals. He specializes in negotiating directly with lenders and distressed homeowners to create win-win real estate outcomes.
In today’s episode, Bobby joins me to reveal how he got started in foreclosure investing, including the wild story of bidding on a house against a savvy elderly investor who taught him the power of buying second liens.
We dive deep into the factors that make pre-foreclosure investing both complex and rewarding. Bobby breaks down the legal process of foreclosure, how to identify great opportunities like zombie and probate properties, and why understanding bank psychology is key to success.
Bobby explains the importance of third-party consent when speaking with banks, how to negotiate second and third liens for steep discounts, and the exact questions he asks to uncover profitable deals. Bobby also reveals his process for helping homeowners navigate overwhelming debt, and even get them out of foreclosure with tens of thousands in their pocket and their dignity intact.
Join us today to understand foreclosure investing, how to unlock hidden equity, the critical underwriting rules investors must follow, and how new investors can get started without experience or money.
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