Anyone with info on the court house steps?

[Anonymous]

When we left 3 homes were sold and I don’t know what happened to the last 6. The auctionere (sp) was waiting for an o.k. on them by phone. There were about 19 people there and 6 when we left.One guy paid 168. for a house. I talked to him and he said the first was 220. I looked it up. I am not in real estate. Houses around it were going for the low 400’s. I was an observer this morning who wasn’t afraid to approach people. Fortunatey some talked to me. It is a pretty tight group as you can imagine.
One more thing…do you know where to get that list that people seemed to subscribe to. One important question I forgot to ask.

[dbapig]

Read sad/interesting article. Excerpts of a diary from an ex-banker who lost his house after losing income

http://www.msnbc.msn.com/id/29516455/pag…

—
The auctioneer (the only woman present) and bank rep are loosened up and friendlier now, and the two share with me what they are seeing out there. Auctions more frequent, few if any buyers, banks more often than not buying back the properties and sitting on them. Left empty in this part of the country in winter, pipes burst and freeze. Banks aren’t prepared to care. Why is that? I think. As a former banker who witnessed the mortgage meltdown in the ’80s, I think there’s got to be fellows on the inside of these institutions who know what they should be doing. But the people at the top aren’t listening. And Rome under their watch continues to burn.
—
Note this part

… buying back the properties and sitting on them.

Same greed/stupidity worsening the catastrophe that was brought upon us by greed/stupidity?

Sorry repost but thought this was relevant to this thread.

[dbapig]

Read sad/interesting article. Excerpts of a diary from an ex-banker who lost his house after losing income

http://www.msnbc.msn.com/id/29516455/pag…

—
The auctioneer (the only woman present) and bank rep are loosened up and friendlier now, and the two share with me what they are seeing out there. Auctions more frequent, few if any buyers, banks more often than not buying back the properties and sitting on them. Left empty in this part of the country in winter, pipes burst and freeze. Banks aren’t prepared to care. Why is that? I think. As a former banker who witnessed the mortgage meltdown in the ’80s, I think there’s got to be fellows on the inside of these institutions who know what they should be doing. But the people at the top aren’t listening. And Rome under their watch continues to burn.
—
Note this part

… buying back the properties and sitting on them.

Same greed/stupidity worsening the catastrophe that was brought upon us by greed/stupidity?

Sorry repost but thought this was relevant to this thread.

[dbapig]

Read sad/interesting article. Excerpts of a diary from an ex-banker who lost his house after losing income

http://www.msnbc.msn.com/id/29516455/pag…

—
The auctioneer (the only woman present) and bank rep are loosened up and friendlier now, and the two share with me what they are seeing out there. Auctions more frequent, few if any buyers, banks more often than not buying back the properties and sitting on them. Left empty in this part of the country in winter, pipes burst and freeze. Banks aren’t prepared to care. Why is that? I think. As a former banker who witnessed the mortgage meltdown in the ’80s, I think there’s got to be fellows on the inside of these institutions who know what they should be doing. But the people at the top aren’t listening. And Rome under their watch continues to burn.
—
Note this part

… buying back the properties and sitting on them.

Same greed/stupidity worsening the catastrophe that was brought upon us by greed/stupidity?

Sorry repost but thought this was relevant to this thread.

[dbapig]

Read sad/interesting article. Excerpts of a diary from an ex-banker who lost his house after losing income

http://www.msnbc.msn.com/id/29516455/pag…

—
The auctioneer (the only woman present) and bank rep are loosened up and friendlier now, and the two share with me what they are seeing out there. Auctions more frequent, few if any buyers, banks more often than not buying back the properties and sitting on them. Left empty in this part of the country in winter, pipes burst and freeze. Banks aren’t prepared to care. Why is that? I think. As a former banker who witnessed the mortgage meltdown in the ’80s, I think there’s got to be fellows on the inside of these institutions who know what they should be doing. But the people at the top aren’t listening. And Rome under their watch continues to burn.
—
Note this part

… buying back the properties and sitting on them.

Same greed/stupidity worsening the catastrophe that was brought upon us by greed/stupidity?

Sorry repost but thought this was relevant to this thread.

[dbapig]

Read sad/interesting article. Excerpts of a diary from an ex-banker who lost his house after losing income

http://www.msnbc.msn.com/id/29516455/pag…

—
The auctioneer (the only woman present) and bank rep are loosened up and friendlier now, and the two share with me what they are seeing out there. Auctions more frequent, few if any buyers, banks more often than not buying back the properties and sitting on them. Left empty in this part of the country in winter, pipes burst and freeze. Banks aren’t prepared to care. Why is that? I think. As a former banker who witnessed the mortgage meltdown in the ’80s, I think there’s got to be fellows on the inside of these institutions who know what they should be doing. But the people at the top aren’t listening. And Rome under their watch continues to burn.
—
Note this part

… buying back the properties and sitting on them.

Same greed/stupidity worsening the catastrophe that was brought upon us by greed/stupidity?

Sorry repost but thought this was relevant to this thread.

[dbapig]

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[dbapig]

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[dbapig]

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[dbapig]

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[dbapig]

deleted

[SD Realtor]

I am sorry but I am not sure what list you are referring to. My bad.

You may want to go to a website called fidelityasap.com. They have a search engine that may be a little bit useful to see what trustee sales are scheduled. For instance if you type in CA and San Diego County you will see alot of the upcoming sales. Now the site tries to mark down what are postponed and what are not but it is a free resource so you get what you pay for.

I think you may want to do a few dry runs. That is, find some properties that you are interested that are coming up for sale. Note what they are in default for, and then watch to see what they sell for.

I think there was an earlier post on this thread that properties will not sell for below the loan amount or the opening bid but I do not think that is accurate. I think you can get away with a deal, you just need the cash.

Gina who posted on this thread made very very accurate statements. If you do end up going for a serious purchase bring all increments. That is, suppose your budget is 300k. Then you want to bring the following incremental checks, 150k, 75k, 37.5k, 18.75k …. etc. This will allow you to have an exact amount of money all the way up to 300k. I know that sounds stupid but it is a failsafe.

As far as finding out about a home, yes if it is a foreclosure then it is pretty much impossible to get into. However… if you are tracking it prior to foreclosure then nothing is stopping you from driving to the home and checking it out. Can you even knock on the door and politely offer to look around? Yes. Will the owners or tenants most likely not let you in? Yes. Can you offer them money to let you bring an inspector over? Yes… Also you can contact a title company and have them run a preliminary title report and perform a search for all liens. There is alot that can be done.

As you can see the trustee sale is part of the process but for the buyer who REALLY is serious about this and wants to have a go at saving some big money, it can happen and it can be done right but take it slow and dry run some homes.

[SD Realtor]

I am sorry but I am not sure what list you are referring to. My bad.

You may want to go to a website called fidelityasap.com. They have a search engine that may be a little bit useful to see what trustee sales are scheduled. For instance if you type in CA and San Diego County you will see alot of the upcoming sales. Now the site tries to mark down what are postponed and what are not but it is a free resource so you get what you pay for.

I think you may want to do a few dry runs. That is, find some properties that you are interested that are coming up for sale. Note what they are in default for, and then watch to see what they sell for.

I think there was an earlier post on this thread that properties will not sell for below the loan amount or the opening bid but I do not think that is accurate. I think you can get away with a deal, you just need the cash.

Gina who posted on this thread made very very accurate statements. If you do end up going for a serious purchase bring all increments. That is, suppose your budget is 300k. Then you want to bring the following incremental checks, 150k, 75k, 37.5k, 18.75k …. etc. This will allow you to have an exact amount of money all the way up to 300k. I know that sounds stupid but it is a failsafe.

As far as finding out about a home, yes if it is a foreclosure then it is pretty much impossible to get into. However… if you are tracking it prior to foreclosure then nothing is stopping you from driving to the home and checking it out. Can you even knock on the door and politely offer to look around? Yes. Will the owners or tenants most likely not let you in? Yes. Can you offer them money to let you bring an inspector over? Yes… Also you can contact a title company and have them run a preliminary title report and perform a search for all liens. There is alot that can be done.

As you can see the trustee sale is part of the process but for the buyer who REALLY is serious about this and wants to have a go at saving some big money, it can happen and it can be done right but take it slow and dry run some homes.

[SD Realtor]

I am sorry but I am not sure what list you are referring to. My bad.

You may want to go to a website called fidelityasap.com. They have a search engine that may be a little bit useful to see what trustee sales are scheduled. For instance if you type in CA and San Diego County you will see alot of the upcoming sales. Now the site tries to mark down what are postponed and what are not but it is a free resource so you get what you pay for.

I think you may want to do a few dry runs. That is, find some properties that you are interested that are coming up for sale. Note what they are in default for, and then watch to see what they sell for.

I think there was an earlier post on this thread that properties will not sell for below the loan amount or the opening bid but I do not think that is accurate. I think you can get away with a deal, you just need the cash.

Gina who posted on this thread made very very accurate statements. If you do end up going for a serious purchase bring all increments. That is, suppose your budget is 300k. Then you want to bring the following incremental checks, 150k, 75k, 37.5k, 18.75k …. etc. This will allow you to have an exact amount of money all the way up to 300k. I know that sounds stupid but it is a failsafe.

As far as finding out about a home, yes if it is a foreclosure then it is pretty much impossible to get into. However… if you are tracking it prior to foreclosure then nothing is stopping you from driving to the home and checking it out. Can you even knock on the door and politely offer to look around? Yes. Will the owners or tenants most likely not let you in? Yes. Can you offer them money to let you bring an inspector over? Yes… Also you can contact a title company and have them run a preliminary title report and perform a search for all liens. There is alot that can be done.

As you can see the trustee sale is part of the process but for the buyer who REALLY is serious about this and wants to have a go at saving some big money, it can happen and it can be done right but take it slow and dry run some homes.

[SD Realtor]

I am sorry but I am not sure what list you are referring to. My bad.

You may want to go to a website called fidelityasap.com. They have a search engine that may be a little bit useful to see what trustee sales are scheduled. For instance if you type in CA and San Diego County you will see alot of the upcoming sales. Now the site tries to mark down what are postponed and what are not but it is a free resource so you get what you pay for.

I think you may want to do a few dry runs. That is, find some properties that you are interested that are coming up for sale. Note what they are in default for, and then watch to see what they sell for.

I think there was an earlier post on this thread that properties will not sell for below the loan amount or the opening bid but I do not think that is accurate. I think you can get away with a deal, you just need the cash.

Gina who posted on this thread made very very accurate statements. If you do end up going for a serious purchase bring all increments. That is, suppose your budget is 300k. Then you want to bring the following incremental checks, 150k, 75k, 37.5k, 18.75k …. etc. This will allow you to have an exact amount of money all the way up to 300k. I know that sounds stupid but it is a failsafe.

As far as finding out about a home, yes if it is a foreclosure then it is pretty much impossible to get into. However… if you are tracking it prior to foreclosure then nothing is stopping you from driving to the home and checking it out. Can you even knock on the door and politely offer to look around? Yes. Will the owners or tenants most likely not let you in? Yes. Can you offer them money to let you bring an inspector over? Yes… Also you can contact a title company and have them run a preliminary title report and perform a search for all liens. There is alot that can be done.

As you can see the trustee sale is part of the process but for the buyer who REALLY is serious about this and wants to have a go at saving some big money, it can happen and it can be done right but take it slow and dry run some homes.

[Author]

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