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  • May 23, 2009 at 11:07 PM #404968
    CA renter
    Participant

    delete dup.

    May 23, 2009 at 11:58 PM #405235
    FormerOwner
    Participant

    It’s seems like all of these pre-foreclosure websites are a waste of time. If the house isn’t for sale, you can’t buy it – period.

    May 23, 2009 at 11:58 PM #404988
    FormerOwner
    Participant

    It’s seems like all of these pre-foreclosure websites are a waste of time. If the house isn’t for sale, you can’t buy it – period.

    May 23, 2009 at 11:58 PM #405534
    FormerOwner
    Participant

    It’s seems like all of these pre-foreclosure websites are a waste of time. If the house isn’t for sale, you can’t buy it – period.

    May 23, 2009 at 11:58 PM #405472
    FormerOwner
    Participant

    It’s seems like all of these pre-foreclosure websites are a waste of time. If the house isn’t for sale, you can’t buy it – period.

    May 23, 2009 at 11:58 PM #405681
    FormerOwner
    Participant

    It’s seems like all of these pre-foreclosure websites are a waste of time. If the house isn’t for sale, you can’t buy it – period.

    May 24, 2009 at 8:29 AM #405749
    jpinpb
    Participant

    [quote=FormerOwner]It’s seems like all of these pre-foreclosure websites are a waste of time. If the house isn’t for sale, you can’t buy it – period. [/quote]
    It does give you an indication of the stress in the area, the potential of future inventory. It may take a while b/c of postponements and kicking the can down the road, but many of those w/NODs see NTS dates. It’s just taking a while. The powers that be are dragging this out for whatever reasons.

    While you can’t buy it today, you can keep an eye on various places that may be on the market eventually. I’ve seen streets and complexes w/multiple NODs and the comps come down. Someone who isn’t distressed and who wants to sell consequently has to reduce their price. It’s a domino effect for sure. I think the NODs are a good indicator of what’s in the pipeline.

    May 24, 2009 at 8:29 AM #405054
    jpinpb
    Participant

    [quote=FormerOwner]It’s seems like all of these pre-foreclosure websites are a waste of time. If the house isn’t for sale, you can’t buy it – period. [/quote]
    It does give you an indication of the stress in the area, the potential of future inventory. It may take a while b/c of postponements and kicking the can down the road, but many of those w/NODs see NTS dates. It’s just taking a while. The powers that be are dragging this out for whatever reasons.

    While you can’t buy it today, you can keep an eye on various places that may be on the market eventually. I’ve seen streets and complexes w/multiple NODs and the comps come down. Someone who isn’t distressed and who wants to sell consequently has to reduce their price. It’s a domino effect for sure. I think the NODs are a good indicator of what’s in the pipeline.

    May 24, 2009 at 8:29 AM #405540
    jpinpb
    Participant

    [quote=FormerOwner]It’s seems like all of these pre-foreclosure websites are a waste of time. If the house isn’t for sale, you can’t buy it – period. [/quote]
    It does give you an indication of the stress in the area, the potential of future inventory. It may take a while b/c of postponements and kicking the can down the road, but many of those w/NODs see NTS dates. It’s just taking a while. The powers that be are dragging this out for whatever reasons.

    While you can’t buy it today, you can keep an eye on various places that may be on the market eventually. I’ve seen streets and complexes w/multiple NODs and the comps come down. Someone who isn’t distressed and who wants to sell consequently has to reduce their price. It’s a domino effect for sure. I think the NODs are a good indicator of what’s in the pipeline.

    May 24, 2009 at 8:29 AM #405301
    jpinpb
    Participant

    [quote=FormerOwner]It’s seems like all of these pre-foreclosure websites are a waste of time. If the house isn’t for sale, you can’t buy it – period. [/quote]
    It does give you an indication of the stress in the area, the potential of future inventory. It may take a while b/c of postponements and kicking the can down the road, but many of those w/NODs see NTS dates. It’s just taking a while. The powers that be are dragging this out for whatever reasons.

    While you can’t buy it today, you can keep an eye on various places that may be on the market eventually. I’ve seen streets and complexes w/multiple NODs and the comps come down. Someone who isn’t distressed and who wants to sell consequently has to reduce their price. It’s a domino effect for sure. I think the NODs are a good indicator of what’s in the pipeline.

    May 24, 2009 at 8:29 AM #405603
    jpinpb
    Participant

    [quote=FormerOwner]It’s seems like all of these pre-foreclosure websites are a waste of time. If the house isn’t for sale, you can’t buy it – period. [/quote]
    It does give you an indication of the stress in the area, the potential of future inventory. It may take a while b/c of postponements and kicking the can down the road, but many of those w/NODs see NTS dates. It’s just taking a while. The powers that be are dragging this out for whatever reasons.

    While you can’t buy it today, you can keep an eye on various places that may be on the market eventually. I’ve seen streets and complexes w/multiple NODs and the comps come down. Someone who isn’t distressed and who wants to sell consequently has to reduce their price. It’s a domino effect for sure. I think the NODs are a good indicator of what’s in the pipeline.

    May 24, 2009 at 10:32 AM #405784
    Effective Demand
    Participant

    I use ForeclosureRadar and like it very much. I have found certain trustee + lender combinations being the most motivated and have become pretty good at predicting opening prices for some of them. The issues really is about the postponments in foreclosures as to buying a specific property. Right now about 85% of trustee sales are being delayed. Some trustee + lender combination opening bid are at full market value only, others are at loan value. So it is would be useless to bid on those.

    If you were doing investment where it is more about finding equity then these services are invaluable. For buying a specific property that is in the process.. It is a bit tougher. There are a lot of variables. But using the site, mining the data and learning the process will get you the best information possible in which to make your decision and that has some value.

    May 24, 2009 at 10:32 AM #405336
    Effective Demand
    Participant

    I use ForeclosureRadar and like it very much. I have found certain trustee + lender combinations being the most motivated and have become pretty good at predicting opening prices for some of them. The issues really is about the postponments in foreclosures as to buying a specific property. Right now about 85% of trustee sales are being delayed. Some trustee + lender combination opening bid are at full market value only, others are at loan value. So it is would be useless to bid on those.

    If you were doing investment where it is more about finding equity then these services are invaluable. For buying a specific property that is in the process.. It is a bit tougher. There are a lot of variables. But using the site, mining the data and learning the process will get you the best information possible in which to make your decision and that has some value.

    May 24, 2009 at 10:32 AM #405089
    Effective Demand
    Participant

    I use ForeclosureRadar and like it very much. I have found certain trustee + lender combinations being the most motivated and have become pretty good at predicting opening prices for some of them. The issues really is about the postponments in foreclosures as to buying a specific property. Right now about 85% of trustee sales are being delayed. Some trustee + lender combination opening bid are at full market value only, others are at loan value. So it is would be useless to bid on those.

    If you were doing investment where it is more about finding equity then these services are invaluable. For buying a specific property that is in the process.. It is a bit tougher. There are a lot of variables. But using the site, mining the data and learning the process will get you the best information possible in which to make your decision and that has some value.

    May 24, 2009 at 10:32 AM #405575
    Effective Demand
    Participant

    I use ForeclosureRadar and like it very much. I have found certain trustee + lender combinations being the most motivated and have become pretty good at predicting opening prices for some of them. The issues really is about the postponments in foreclosures as to buying a specific property. Right now about 85% of trustee sales are being delayed. Some trustee + lender combination opening bid are at full market value only, others are at loan value. So it is would be useless to bid on those.

    If you were doing investment where it is more about finding equity then these services are invaluable. For buying a specific property that is in the process.. It is a bit tougher. There are a lot of variables. But using the site, mining the data and learning the process will get you the best information possible in which to make your decision and that has some value.

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