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2 contributions to Dirty Title Goldmine
P.E.T.I.T.O
P.E.T.I.T.O Property: Single Family in Florida Equity: Ranges from 500-600k (Sniff test amount) Title: In name of deceased owner who passed away for more than 2 years to-date. Interested Parties: 4 heirs. Main heir is willing to rally all other siblings if there are no upfront costs on their end. Threats: Date: 4/12/2002 Lender: WA MUTUAL Loan Amt: $30,000 Loan Type: fixed‑rate, closed‑end, future‑advance mortgage loan Date: 7/15/2004 Lender: WA MUTUAL Loan Amt: $50,000 Loan Type: Stand-alone mortgage Date: 5/23/2008 Lender: JAMES B. NUTTER & CO Loan Amt: $510,000 Loan Type: Reverse Mortgage ReFi Searched for mortgages and deed of trust in the county recorder and clerk of court, but only found the 1st loan in the records. Decedent passed away 2 years ago and the property is only behind on 2025 year taxes, and I cannot find any judgment or lis pendens action from the R.M Lender nor any assignment of mortgage. I looked further into the Reverse Mortgage lender's name 'James B. Nutter & CO' and found this DOJ article: https://www.justice.gov/usao-dc/pr/james-b-nutter-company-pay-24m-allegedly-causing-false-claims-federal-mortgage-insurance If you've read the article, it's to my knowledge, when banks are falling apart or going out of business they'll usually sell the note by assigning it over to another loan servicer, but I haven't been able to find anything like that in the county recorder's and clerk of courts. The previous lender settled for $2.4m and they have completely STOPPED originating loans since 2022. With these pattern of facts would this be a RESOUNDING "O"PPORTUNITY??? lol Is there a possibility that the lender has forgotten about this loan during the whole debacle? Even though reverse mortgages are U.S backed loans could there be an opportunity to quiet the title? Thank you for your inputs!
0 likes • 2d
@Ellis San Jose Ah gotcha. Ty sir!
1 like • 2d
@Rick Harmon Pretty new lol. But getting better at spotting opportunities with the OGs like you and Ellis chiming in with some insights šŸ¤šŸ‘ŠšŸ™
Introduce yourselves and list the top 3 obstacles you are facing in this niche,
I’m convinced most investors are 3 breakthroughs away from creating the wealth they seek. What are your top 3?
4 likes • 23d
Hey hey! Names Jay! Just getting started and currently working under another experienced operator! 1. How to move on from a really "dead" deal. Being able to spot opportunities based on my current timeline and personal capacity. 2. Deal Structuring (Which is equivalent to a solution, and if I know the solution, I'll then know how to spot an opportunity within the conversation instead of writing it off). 3. Not necessarily a current road-block—maybe in alignment to #2, but as I get better would love to learn how to go after more niche opportunities like BK.
1-2 of 2
Jay Pak
2
12points to level up
@jay-pak-4731
Here to learn!

Active 11h ago
Joined Apr 30, 2026
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