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  • July 20, 2009 at 5:33 PM #16068
    spring_bubble_09
    Participant

    A new RE0 came up today in 4s ranch MLS#090041224. Per Broker,

    Property is currently under eviction. No showing, do not disturb occupant. Email agent for all the questions. CASH OFFERS ONLY. No exceptions

    The listing has one exterior pic, so one is supposed to bid on this without a showing and photographs and that too, in “all cash” — wow.

    My questions are
    Is this normal for REOs?
    Does anyone have experience dealing with such properties?
    Once it is foreclosed, how can the property still be occupied?

    July 20, 2009 at 5:41 PM #434295
    Zeitgeist
    Participant

    They probably do not want the renter disturbed…

    July 20, 2009 at 5:41 PM #434817
    Zeitgeist
    Participant

    They probably do not want the renter disturbed…

    July 20, 2009 at 5:41 PM #434889
    Zeitgeist
    Participant

    They probably do not want the renter disturbed…

    July 20, 2009 at 5:41 PM #434502
    Zeitgeist
    Participant

    They probably do not want the renter disturbed…

    July 20, 2009 at 5:41 PM #435057
    Zeitgeist
    Participant

    They probably do not want the renter disturbed…

    July 20, 2009 at 5:52 PM #434305
    BGinRB
    Participant

    Banks have to give tenants 90 days to vacate. I don’t know how cooperative the tenant has to be, probably not much.

    $499K is unrealistic there and now. Condos north of Del Norte (higher MR, higher HOA, higher downpayment if you want to avoid PMI) are selling for more. Either something is seriously wrong with that house or they intend to start a bidding war.

    July 20, 2009 at 5:52 PM #434826
    BGinRB
    Participant

    Banks have to give tenants 90 days to vacate. I don’t know how cooperative the tenant has to be, probably not much.

    $499K is unrealistic there and now. Condos north of Del Norte (higher MR, higher HOA, higher downpayment if you want to avoid PMI) are selling for more. Either something is seriously wrong with that house or they intend to start a bidding war.

    July 20, 2009 at 5:52 PM #434899
    BGinRB
    Participant

    Banks have to give tenants 90 days to vacate. I don’t know how cooperative the tenant has to be, probably not much.

    $499K is unrealistic there and now. Condos north of Del Norte (higher MR, higher HOA, higher downpayment if you want to avoid PMI) are selling for more. Either something is seriously wrong with that house or they intend to start a bidding war.

    July 20, 2009 at 5:52 PM #435067
    BGinRB
    Participant

    Banks have to give tenants 90 days to vacate. I don’t know how cooperative the tenant has to be, probably not much.

    $499K is unrealistic there and now. Condos north of Del Norte (higher MR, higher HOA, higher downpayment if you want to avoid PMI) are selling for more. Either something is seriously wrong with that house or they intend to start a bidding war.

    July 20, 2009 at 5:52 PM #434512
    BGinRB
    Participant

    Banks have to give tenants 90 days to vacate. I don’t know how cooperative the tenant has to be, probably not much.

    $499K is unrealistic there and now. Condos north of Del Norte (higher MR, higher HOA, higher downpayment if you want to avoid PMI) are selling for more. Either something is seriously wrong with that house or they intend to start a bidding war.

    July 20, 2009 at 6:04 PM #434830
    meadandale
    Participant

    That’s a comp kill for a friend of mine that lives on Prairie Fawn with a similar house they got in fall of 07 for $700k.

    July 20, 2009 at 6:04 PM #434904
    meadandale
    Participant

    That’s a comp kill for a friend of mine that lives on Prairie Fawn with a similar house they got in fall of 07 for $700k.

    July 20, 2009 at 6:04 PM #434517
    meadandale
    Participant

    That’s a comp kill for a friend of mine that lives on Prairie Fawn with a similar house they got in fall of 07 for $700k.

    July 20, 2009 at 6:04 PM #435072
    meadandale
    Participant

    That’s a comp kill for a friend of mine that lives on Prairie Fawn with a similar house they got in fall of 07 for $700k.

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