[quote=SD Realtor]I understand but I think the picture you have painted is lacking a bit.
Fundamentally you CAN get the home. You can go get a bridge loan from any one of the zillions of hard money lenders out there. You CAN go to the auctions. You CAN do all the homework that is involved, the title work, the legwork, and the risk. You CHOOSE not to.
Second, the numbers are indeed staggering if you really look at them, again, simply go to the websites and look at what actually even gets SOLD, do that for a month daily and look at the true statistics and you will see. Perception is one thing but real numbers are another. [/quote]
SDR,
We’re not in disagreement on this at all. BTW, you’re emphasizing auction flips while I’m talking more about the regular short sale, REO, and regular sale flips.
BTW, we can’t buy at the auctions because I don’t have the time to go down there and do all the research just to have a sale cancelled/postponed on me at the last minute. If the sales were going through, and we could count on a listed home actually being sold, we would do this.
I totally feel for you on the auctions. What they’re doing by cancelling and postponing the sales is so very wrong.
If you want to do the research and have one of your runners bid for us, we’d certainly be willing to pay you a fee for it! 😉 I just know there aren’t enough homes that actually make it to auction these days to make it worthwhile.
