Best Foreclosure Software/Website?

[Rt.66]

What do you hope to accomplish with a foreclosure service?

I like RealtyTrac. They have a nice interactive map that you can search with, free of charge. The only thing you won’t get is addresses and other details. You have to pay for those. But what good will it do you to find an REO on one of these services? If you can track down the bank that owns the REO, you will be told that all properties that are actually for sale are listed in the MLS with an agent. Unfortuanately this is a very small percentage of the massive REO inventory, you will find.

The banks are not selling, so knowing which bank owns it is not of much use. It is a good idea for everyone interested in catching a knife or enriching a realtor to spend some time looking at the REO situation. Don’t just look at your area of interest, look at the whole state, then AZ and NV and then decide if we are anywhere near a bottom.

[ibjames]

wow, you see what people owe on these loans and the amount of loan they took out, so crazy

[ibjames]

wow, you see what people owe on these loans and the amount of loan they took out, so crazy

[ibjames]

wow, you see what people owe on these loans and the amount of loan they took out, so crazy

[ibjames]

wow, you see what people owe on these loans and the amount of loan they took out, so crazy

[ibjames]

wow, you see what people owe on these loans and the amount of loan they took out, so crazy

[jpinpb]

You see what people owe and think what they heck were they thinking? Then remember that they bought w/the intention of flipping, b/c after all, real estate is just expected to continue to go up forever.

Then you think, why would they do a loan mod and continue to owe so much when it’s worth a fraction of the loan amount. Even if they get a fixed lower rate.

Then you think, what if they lose a job, which is very likely, since our unemployment continues to rise.

So I guess the answer is, you don’t pay your mortgage, you live there for free for a year+, you lose your job and collect unemployment for 2+ years.

I’m sufficiently disgusted now.

[jpinpb]

You see what people owe and think what they heck were they thinking? Then remember that they bought w/the intention of flipping, b/c after all, real estate is just expected to continue to go up forever.

Then you think, why would they do a loan mod and continue to owe so much when it’s worth a fraction of the loan amount. Even if they get a fixed lower rate.

Then you think, what if they lose a job, which is very likely, since our unemployment continues to rise.

So I guess the answer is, you don’t pay your mortgage, you live there for free for a year+, you lose your job and collect unemployment for 2+ years.

I’m sufficiently disgusted now.

[jpinpb]

You see what people owe and think what they heck were they thinking? Then remember that they bought w/the intention of flipping, b/c after all, real estate is just expected to continue to go up forever.

Then you think, why would they do a loan mod and continue to owe so much when it’s worth a fraction of the loan amount. Even if they get a fixed lower rate.

Then you think, what if they lose a job, which is very likely, since our unemployment continues to rise.

So I guess the answer is, you don’t pay your mortgage, you live there for free for a year+, you lose your job and collect unemployment for 2+ years.

I’m sufficiently disgusted now.

[jpinpb]

You see what people owe and think what they heck were they thinking? Then remember that they bought w/the intention of flipping, b/c after all, real estate is just expected to continue to go up forever.

Then you think, why would they do a loan mod and continue to owe so much when it’s worth a fraction of the loan amount. Even if they get a fixed lower rate.

Then you think, what if they lose a job, which is very likely, since our unemployment continues to rise.

So I guess the answer is, you don’t pay your mortgage, you live there for free for a year+, you lose your job and collect unemployment for 2+ years.

I’m sufficiently disgusted now.

[jpinpb]

You see what people owe and think what they heck were they thinking? Then remember that they bought w/the intention of flipping, b/c after all, real estate is just expected to continue to go up forever.

Then you think, why would they do a loan mod and continue to owe so much when it’s worth a fraction of the loan amount. Even if they get a fixed lower rate.

Then you think, what if they lose a job, which is very likely, since our unemployment continues to rise.

So I guess the answer is, you don’t pay your mortgage, you live there for free for a year+, you lose your job and collect unemployment for 2+ years.

I’m sufficiently disgusted now.

[Author]

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