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bob2007.
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June 18, 2008 at 2:19 AM #224741June 19, 2008 at 12:25 AM #225173
SD Realtor
ParticipantFLU I think learning as much as you can about the home you are going to buy is perfectly justified so no need to explain why you are looking for the information from the lender. I always like to find what the recorded notes are for any home I am investigating.
Anyways if the home is indeed for sale then you can call the listing agent and shoot in an offer at whatever you want him to write it up for. All he can say is either yes, no, or we already have offers above yours. It cannot hurt to try yeah?
The question about the NOT is that NOTs are recorded just like a NOD. Once the foreclosure process gets to the point where a trustee sale notification needs to be made, a NOT will be filed and published. At that point you will know the scheduled trustee sale date. Note however trustee sales can indeed be delayed and no recordings are needed.
June 19, 2008 at 12:25 AM #225280ParticipantFLU I think learning as much as you can about the home you are going to buy is perfectly justified so no need to explain why you are looking for the information from the lender. I always like to find what the recorded notes are for any home I am investigating.
Anyways if the home is indeed for sale then you can call the listing agent and shoot in an offer at whatever you want him to write it up for. All he can say is either yes, no, or we already have offers above yours. It cannot hurt to try yeah?
The question about the NOT is that NOTs are recorded just like a NOD. Once the foreclosure process gets to the point where a trustee sale notification needs to be made, a NOT will be filed and published. At that point you will know the scheduled trustee sale date. Note however trustee sales can indeed be delayed and no recordings are needed.
June 19, 2008 at 12:25 AM #225294ParticipantFLU I think learning as much as you can about the home you are going to buy is perfectly justified so no need to explain why you are looking for the information from the lender. I always like to find what the recorded notes are for any home I am investigating.
Anyways if the home is indeed for sale then you can call the listing agent and shoot in an offer at whatever you want him to write it up for. All he can say is either yes, no, or we already have offers above yours. It cannot hurt to try yeah?
The question about the NOT is that NOTs are recorded just like a NOD. Once the foreclosure process gets to the point where a trustee sale notification needs to be made, a NOT will be filed and published. At that point you will know the scheduled trustee sale date. Note however trustee sales can indeed be delayed and no recordings are needed.
June 19, 2008 at 12:25 AM #225324ParticipantFLU I think learning as much as you can about the home you are going to buy is perfectly justified so no need to explain why you are looking for the information from the lender. I always like to find what the recorded notes are for any home I am investigating.
Anyways if the home is indeed for sale then you can call the listing agent and shoot in an offer at whatever you want him to write it up for. All he can say is either yes, no, or we already have offers above yours. It cannot hurt to try yeah?
The question about the NOT is that NOTs are recorded just like a NOD. Once the foreclosure process gets to the point where a trustee sale notification needs to be made, a NOT will be filed and published. At that point you will know the scheduled trustee sale date. Note however trustee sales can indeed be delayed and no recordings are needed.
June 19, 2008 at 12:25 AM #225341ParticipantFLU I think learning as much as you can about the home you are going to buy is perfectly justified so no need to explain why you are looking for the information from the lender. I always like to find what the recorded notes are for any home I am investigating.
Anyways if the home is indeed for sale then you can call the listing agent and shoot in an offer at whatever you want him to write it up for. All he can say is either yes, no, or we already have offers above yours. It cannot hurt to try yeah?
The question about the NOT is that NOTs are recorded just like a NOD. Once the foreclosure process gets to the point where a trustee sale notification needs to be made, a NOT will be filed and published. At that point you will know the scheduled trustee sale date. Note however trustee sales can indeed be delayed and no recordings are needed.
June 19, 2008 at 9:24 AM #225323NotCranky
ParticipantNost and Flu,
I wasn’t trying to make anyone jsutify anything. I was just. I am like you two in that I am hyper vigilant about these things. In a market like this targeting people WITH EQUITY is a good way to find someone who can afford to sell at a desired price too.
Some times these numbers are useful for finding distress prior to NOD. I don’t let my kids get attached to neighbors who are likely to lose their houses for instance. JK. I do sometimes like to know if a property is likely to default, for various non- business reasons. Debt frequently explains or predicts behavior.OF course I keep this info between me myself and I unless it is really pertinent to a proeprty search. Well, I tell my wife sometimes. Some renters have the right idea about checking out indebtedness or the landlord so that they won’t go through a foreclosure.Nostradamus. The Real Estate Cartel is alive and well. You can get around it sometimes but more often then not, it is impractical to take that exercise to far.
Good fico and DP will help, maybe. The banks for REO and short sales want to usually verify buyer strength.Competition for the property is still going to have primary effect on you odds of getting it. All cash probably speaks a bit louder though.
Most people dont want to buy all cash even if they have it but using cash to leverage a low offer or make a deal problem free and then financing after close is a good option.
June 19, 2008 at 9:24 AM #225432ParticipantNost and Flu,
I wasn’t trying to make anyone jsutify anything. I was just. I am like you two in that I am hyper vigilant about these things. In a market like this targeting people WITH EQUITY is a good way to find someone who can afford to sell at a desired price too.
Some times these numbers are useful for finding distress prior to NOD. I don’t let my kids get attached to neighbors who are likely to lose their houses for instance. JK. I do sometimes like to know if a property is likely to default, for various non- business reasons. Debt frequently explains or predicts behavior.OF course I keep this info between me myself and I unless it is really pertinent to a proeprty search. Well, I tell my wife sometimes. Some renters have the right idea about checking out indebtedness or the landlord so that they won’t go through a foreclosure.Nostradamus. The Real Estate Cartel is alive and well. You can get around it sometimes but more often then not, it is impractical to take that exercise to far.
Good fico and DP will help, maybe. The banks for REO and short sales want to usually verify buyer strength.Competition for the property is still going to have primary effect on you odds of getting it. All cash probably speaks a bit louder though.
Most people dont want to buy all cash even if they have it but using cash to leverage a low offer or make a deal problem free and then financing after close is a good option.
June 19, 2008 at 9:24 AM #225448ParticipantNost and Flu,
I wasn’t trying to make anyone jsutify anything. I was just. I am like you two in that I am hyper vigilant about these things. In a market like this targeting people WITH EQUITY is a good way to find someone who can afford to sell at a desired price too.
Some times these numbers are useful for finding distress prior to NOD. I don’t let my kids get attached to neighbors who are likely to lose their houses for instance. JK. I do sometimes like to know if a property is likely to default, for various non- business reasons. Debt frequently explains or predicts behavior.OF course I keep this info between me myself and I unless it is really pertinent to a proeprty search. Well, I tell my wife sometimes. Some renters have the right idea about checking out indebtedness or the landlord so that they won’t go through a foreclosure.Nostradamus. The Real Estate Cartel is alive and well. You can get around it sometimes but more often then not, it is impractical to take that exercise to far.
Good fico and DP will help, maybe. The banks for REO and short sales want to usually verify buyer strength.Competition for the property is still going to have primary effect on you odds of getting it. All cash probably speaks a bit louder though.
Most people dont want to buy all cash even if they have it but using cash to leverage a low offer or make a deal problem free and then financing after close is a good option.
June 19, 2008 at 9:24 AM #225476ParticipantNost and Flu,
I wasn’t trying to make anyone jsutify anything. I was just. I am like you two in that I am hyper vigilant about these things. In a market like this targeting people WITH EQUITY is a good way to find someone who can afford to sell at a desired price too.
Some times these numbers are useful for finding distress prior to NOD. I don’t let my kids get attached to neighbors who are likely to lose their houses for instance. JK. I do sometimes like to know if a property is likely to default, for various non- business reasons. Debt frequently explains or predicts behavior.OF course I keep this info between me myself and I unless it is really pertinent to a proeprty search. Well, I tell my wife sometimes. Some renters have the right idea about checking out indebtedness or the landlord so that they won’t go through a foreclosure.Nostradamus. The Real Estate Cartel is alive and well. You can get around it sometimes but more often then not, it is impractical to take that exercise to far.
Good fico and DP will help, maybe. The banks for REO and short sales want to usually verify buyer strength.Competition for the property is still going to have primary effect on you odds of getting it. All cash probably speaks a bit louder though.
Most people dont want to buy all cash even if they have it but using cash to leverage a low offer or make a deal problem free and then financing after close is a good option.
June 19, 2008 at 9:24 AM #225493ParticipantNost and Flu,
I wasn’t trying to make anyone jsutify anything. I was just. I am like you two in that I am hyper vigilant about these things. In a market like this targeting people WITH EQUITY is a good way to find someone who can afford to sell at a desired price too.
Some times these numbers are useful for finding distress prior to NOD. I don’t let my kids get attached to neighbors who are likely to lose their houses for instance. JK. I do sometimes like to know if a property is likely to default, for various non- business reasons. Debt frequently explains or predicts behavior.OF course I keep this info between me myself and I unless it is really pertinent to a proeprty search. Well, I tell my wife sometimes. Some renters have the right idea about checking out indebtedness or the landlord so that they won’t go through a foreclosure.Nostradamus. The Real Estate Cartel is alive and well. You can get around it sometimes but more often then not, it is impractical to take that exercise to far.
Good fico and DP will help, maybe. The banks for REO and short sales want to usually verify buyer strength.Competition for the property is still going to have primary effect on you odds of getting it. All cash probably speaks a bit louder though.
Most people dont want to buy all cash even if they have it but using cash to leverage a low offer or make a deal problem free and then financing after close is a good option.
July 6, 2010 at 10:52 AM #575740Anonymous
Guesthow do i find the lender for a property?
July 6, 2010 at 10:52 AM #575836Guesthow do i find the lender for a property?
July 6, 2010 at 10:52 AM #576360Guesthow do i find the lender for a property?
July 6, 2010 at 10:52 AM #576467Guesthow do i find the lender for a property?
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