The last 2 weeks I’ve seen some ads on craigslist in the real estate services section for people looking for help paying their mortgage.
Example:
Hello I need an investors help. I am less than 1 month late on my mortgage payment and the private landlord is threating eviction. I have just started 2 new jobs and can pay extra fees associated with any help that you may give. My mortgage amount that is behind is 501.00 I would like to pay the landlord 1002.00 as an advance and pay you each week an amount that would enable me to pay back what I owe you. (minimum $200.00 week).
What would an investor do with this? Kinda like a loan situation right, just making out on the interest?
Thanks,
Jon