jp you don’t need to go down to the county. Simply put out the addresses and I can check on realist for you. Also you may need to note that the recording many not be immediate as well. It may be a few weeks.
CAR I guess I am still missing the point. The market is a free market right now. The lenders can put as many properties on the market as they want. The fact that they do not has absolutely nothing to do with the means of putting them on the market.
Also I need to ask, why is the game rigged? If people have enough cash to buy in bulk then why shouldn’t the seller have the option to give them a better price? Why should it matter if you are buying houses or buying soda pop? If you went to Coca Cola and offered to buy 50,000 liters of coke you probably will get a better deal wouldn’t you?
I mean it just seems like there is this anger about the discounts and the simple matter of the fact is that these deals are being done because of the volume of properties. Isn’t moving 100 properties to a single buyer in a private sale with no strings attached is a heck of alot easier then moving 100 properties to 100 different buyers some of which will not get financing. There is no contingency period, there are no dependencies, it is a straight shot. Especially in a time period where it is very important to divest of non performing assets.
So once again, I think the issue is not being identified correctly at all. The problem once more, to me is how current appraisals are done. The problem is not a bulk sale. Once again I see nobody posting about the loan mods and to me that is just as bad. A loan mod equals a bailout. If there was no loan mod the home would have gone to foreclosure and then would have been a sale. Shouldn’t that be a recorded event?
What about individual sales. How about the onesy twosy purchases made at a trustee sale and flipped. Is there a problem there as well?
Not so sure that this is the major injustice that it is being made out to be.
