Bank REO calls outsourced

[4plexowner]

“PROPERTY SOLD AS IS WITHOUT REPAIR OR WARRANTY”

which means only cash buyers need to apply (unless the bank wants to provide a loan that they will keep on their own books which is not unheard of)

[SD Realtor]

Not true 4plex. We flip our homes and say the same thing about as is and without repair or warranty and most of them have been financed.

[SD Realtor]

Not true 4plex. We flip our homes and say the same thing about as is and without repair or warranty and most of them have been financed.

[SD Realtor]

Not true 4plex. We flip our homes and say the same thing about as is and without repair or warranty and most of them have been financed.

[SD Realtor]

Not true 4plex. We flip our homes and say the same thing about as is and without repair or warranty and most of them have been financed.

[SD Realtor]

Not true 4plex. We flip our homes and say the same thing about as is and without repair or warranty and most of them have been financed.

[jpinpb]

Just wanted to update this one, in case anyone was interested. I was extremely surprised by the closing price. 638 21st St sold on 05/18/2010 for 160k.

So I guess if there really was a bid for 404k they must have had a change of heart and reconsidered. And I guess all the other bids up to 404k also reconsidered.

I found this whole auction thing frustrating. I would have considered this property, but once someone tells me the latest bid is 404k, then I write it off. I certainly would have tossed my hat in the ring for less, and probably greater than 160k.

Anyway, makes me think the bids up to 404k were BS or shill.

In any case, someone picked up a pretty great deal at 160k, IMO. Won’t be shocked to see a fix and flip on it.

[jpinpb]

Just wanted to update this one, in case anyone was interested. I was extremely surprised by the closing price. 638 21st St sold on 05/18/2010 for 160k.

So I guess if there really was a bid for 404k they must have had a change of heart and reconsidered. And I guess all the other bids up to 404k also reconsidered.

I found this whole auction thing frustrating. I would have considered this property, but once someone tells me the latest bid is 404k, then I write it off. I certainly would have tossed my hat in the ring for less, and probably greater than 160k.

Anyway, makes me think the bids up to 404k were BS or shill.

In any case, someone picked up a pretty great deal at 160k, IMO. Won’t be shocked to see a fix and flip on it.

[jpinpb]

Just wanted to update this one, in case anyone was interested. I was extremely surprised by the closing price. 638 21st St sold on 05/18/2010 for 160k.

So I guess if there really was a bid for 404k they must have had a change of heart and reconsidered. And I guess all the other bids up to 404k also reconsidered.

I found this whole auction thing frustrating. I would have considered this property, but once someone tells me the latest bid is 404k, then I write it off. I certainly would have tossed my hat in the ring for less, and probably greater than 160k.

Anyway, makes me think the bids up to 404k were BS or shill.

In any case, someone picked up a pretty great deal at 160k, IMO. Won’t be shocked to see a fix and flip on it.

[jpinpb]

Just wanted to update this one, in case anyone was interested. I was extremely surprised by the closing price. 638 21st St sold on 05/18/2010 for 160k.

So I guess if there really was a bid for 404k they must have had a change of heart and reconsidered. And I guess all the other bids up to 404k also reconsidered.

I found this whole auction thing frustrating. I would have considered this property, but once someone tells me the latest bid is 404k, then I write it off. I certainly would have tossed my hat in the ring for less, and probably greater than 160k.

Anyway, makes me think the bids up to 404k were BS or shill.

In any case, someone picked up a pretty great deal at 160k, IMO. Won’t be shocked to see a fix and flip on it.

[jpinpb]

Just wanted to update this one, in case anyone was interested. I was extremely surprised by the closing price. 638 21st St sold on 05/18/2010 for 160k.

So I guess if there really was a bid for 404k they must have had a change of heart and reconsidered. And I guess all the other bids up to 404k also reconsidered.

I found this whole auction thing frustrating. I would have considered this property, but once someone tells me the latest bid is 404k, then I write it off. I certainly would have tossed my hat in the ring for less, and probably greater than 160k.

Anyway, makes me think the bids up to 404k were BS or shill.

In any case, someone picked up a pretty great deal at 160k, IMO. Won’t be shocked to see a fix and flip on it.

[briansd1]

$160k is a good price jpinpb.

I agree with you on the 404k minimum bid thing.

So many lies in real estate. You just have to ignore what others say and bid what you think is fair.

I was helping a friend rent a live/work space in Downtown SD. We go look at the property and they say only 1 unit is available, blah, blah, blah.

But from watching the building, we know that are plenty of unoccupied units.

It’s a question of who blinks first. If you have more wherewithal and alternative options, you will win in the end.

[briansd1]

$160k is a good price jpinpb.

I agree with you on the 404k minimum bid thing.

So many lies in real estate. You just have to ignore what others say and bid what you think is fair.

I was helping a friend rent a live/work space in Downtown SD. We go look at the property and they say only 1 unit is available, blah, blah, blah.

But from watching the building, we know that are plenty of unoccupied units.

It’s a question of who blinks first. If you have more wherewithal and alternative options, you will win in the end.

[briansd1]

$160k is a good price jpinpb.

I agree with you on the 404k minimum bid thing.

So many lies in real estate. You just have to ignore what others say and bid what you think is fair.

I was helping a friend rent a live/work space in Downtown SD. We go look at the property and they say only 1 unit is available, blah, blah, blah.

But from watching the building, we know that are plenty of unoccupied units.

It’s a question of who blinks first. If you have more wherewithal and alternative options, you will win in the end.

[briansd1]

$160k is a good price jpinpb.

I agree with you on the 404k minimum bid thing.

So many lies in real estate. You just have to ignore what others say and bid what you think is fair.

I was helping a friend rent a live/work space in Downtown SD. We go look at the property and they say only 1 unit is available, blah, blah, blah.

But from watching the building, we know that are plenty of unoccupied units.

It’s a question of who blinks first. If you have more wherewithal and alternative options, you will win in the end.

[Author]

Posts