- This topic has 35 replies, 4 voices, and was last updated 15 years, 9 months ago by
sdchris.
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February 2, 2009 at 8:17 AM #339807February 2, 2009 at 5:13 PM #340132
jimklinge
ParticipantMy list does come from the title company, which is about two weeks behind actual recordings of the notices.
How can you benefit?
1. You can contact the owners to see if you can buy direct, but it is very time-consuming. My guess is that 99 out of 100 are over-encumbered.
If the sellers were cooperative, you’d still have to pull off a short sale, which is certainly possible. But you’d be surprised how much the sellers are enjoying their free rent – and want it to continue!
2. If you’re a cash buyer, you can purchase at the trustee sale, but you don’t get title insurance or a chance to inspect the property. If occupied, you have to evict as well.
3. Knowing these properties are likely to be REOs some day can both help you prepare for them. You may end up being a bidder once they hit the open market, or at least know these are coming when you see a new listing down the street. If you’ve determined that the future REO is worth X, and the new listing is X + 10% or more, then you’ll know that the new listing may be optimistic. Other buyers might jump in early and regret it a few months later when the REO lists for less.
4. Most REO listing agents are plastering their name all over their assigned properties before they hit the open market. If you wanted to go direct to the LA, know that you won’t be getting much, if any, price break on the house, but you might get priority over other bidders in a bidding war.
No matter how you go about it, finding – and closing – a great deal is difficult and time-consuming. Getting good help makes it easier, but you’ll need some luck too!
February 2, 2009 at 5:13 PM #340456ParticipantMy list does come from the title company, which is about two weeks behind actual recordings of the notices.
How can you benefit?
1. You can contact the owners to see if you can buy direct, but it is very time-consuming. My guess is that 99 out of 100 are over-encumbered.
If the sellers were cooperative, you’d still have to pull off a short sale, which is certainly possible. But you’d be surprised how much the sellers are enjoying their free rent – and want it to continue!
2. If you’re a cash buyer, you can purchase at the trustee sale, but you don’t get title insurance or a chance to inspect the property. If occupied, you have to evict as well.
3. Knowing these properties are likely to be REOs some day can both help you prepare for them. You may end up being a bidder once they hit the open market, or at least know these are coming when you see a new listing down the street. If you’ve determined that the future REO is worth X, and the new listing is X + 10% or more, then you’ll know that the new listing may be optimistic. Other buyers might jump in early and regret it a few months later when the REO lists for less.
4. Most REO listing agents are plastering their name all over their assigned properties before they hit the open market. If you wanted to go direct to the LA, know that you won’t be getting much, if any, price break on the house, but you might get priority over other bidders in a bidding war.
No matter how you go about it, finding – and closing – a great deal is difficult and time-consuming. Getting good help makes it easier, but you’ll need some luck too!
February 2, 2009 at 5:13 PM #340554ParticipantMy list does come from the title company, which is about two weeks behind actual recordings of the notices.
How can you benefit?
1. You can contact the owners to see if you can buy direct, but it is very time-consuming. My guess is that 99 out of 100 are over-encumbered.
If the sellers were cooperative, you’d still have to pull off a short sale, which is certainly possible. But you’d be surprised how much the sellers are enjoying their free rent – and want it to continue!
2. If you’re a cash buyer, you can purchase at the trustee sale, but you don’t get title insurance or a chance to inspect the property. If occupied, you have to evict as well.
3. Knowing these properties are likely to be REOs some day can both help you prepare for them. You may end up being a bidder once they hit the open market, or at least know these are coming when you see a new listing down the street. If you’ve determined that the future REO is worth X, and the new listing is X + 10% or more, then you’ll know that the new listing may be optimistic. Other buyers might jump in early and regret it a few months later when the REO lists for less.
4. Most REO listing agents are plastering their name all over their assigned properties before they hit the open market. If you wanted to go direct to the LA, know that you won’t be getting much, if any, price break on the house, but you might get priority over other bidders in a bidding war.
No matter how you go about it, finding – and closing – a great deal is difficult and time-consuming. Getting good help makes it easier, but you’ll need some luck too!
February 2, 2009 at 5:13 PM #340582ParticipantMy list does come from the title company, which is about two weeks behind actual recordings of the notices.
How can you benefit?
1. You can contact the owners to see if you can buy direct, but it is very time-consuming. My guess is that 99 out of 100 are over-encumbered.
If the sellers were cooperative, you’d still have to pull off a short sale, which is certainly possible. But you’d be surprised how much the sellers are enjoying their free rent – and want it to continue!
2. If you’re a cash buyer, you can purchase at the trustee sale, but you don’t get title insurance or a chance to inspect the property. If occupied, you have to evict as well.
3. Knowing these properties are likely to be REOs some day can both help you prepare for them. You may end up being a bidder once they hit the open market, or at least know these are coming when you see a new listing down the street. If you’ve determined that the future REO is worth X, and the new listing is X + 10% or more, then you’ll know that the new listing may be optimistic. Other buyers might jump in early and regret it a few months later when the REO lists for less.
4. Most REO listing agents are plastering their name all over their assigned properties before they hit the open market. If you wanted to go direct to the LA, know that you won’t be getting much, if any, price break on the house, but you might get priority over other bidders in a bidding war.
No matter how you go about it, finding – and closing – a great deal is difficult and time-consuming. Getting good help makes it easier, but you’ll need some luck too!
February 2, 2009 at 5:13 PM #340674ParticipantMy list does come from the title company, which is about two weeks behind actual recordings of the notices.
How can you benefit?
1. You can contact the owners to see if you can buy direct, but it is very time-consuming. My guess is that 99 out of 100 are over-encumbered.
If the sellers were cooperative, you’d still have to pull off a short sale, which is certainly possible. But you’d be surprised how much the sellers are enjoying their free rent – and want it to continue!
2. If you’re a cash buyer, you can purchase at the trustee sale, but you don’t get title insurance or a chance to inspect the property. If occupied, you have to evict as well.
3. Knowing these properties are likely to be REOs some day can both help you prepare for them. You may end up being a bidder once they hit the open market, or at least know these are coming when you see a new listing down the street. If you’ve determined that the future REO is worth X, and the new listing is X + 10% or more, then you’ll know that the new listing may be optimistic. Other buyers might jump in early and regret it a few months later when the REO lists for less.
4. Most REO listing agents are plastering their name all over their assigned properties before they hit the open market. If you wanted to go direct to the LA, know that you won’t be getting much, if any, price break on the house, but you might get priority over other bidders in a bidding war.
No matter how you go about it, finding – and closing – a great deal is difficult and time-consuming. Getting good help makes it easier, but you’ll need some luck too!
February 2, 2009 at 9:06 PM #340790Effective Demand
ParticipantYou can get a list of upcoming NTS sales from http://www.fidelityasap.com . It requires free registration. And for a couple of days after the sale has occured you can see what price it went for and if it went back to bene or actually sold at the court house steps. Not bad for free.
February 2, 2009 at 9:06 PM #340571ParticipantYou can get a list of upcoming NTS sales from http://www.fidelityasap.com . It requires free registration. And for a couple of days after the sale has occured you can see what price it went for and if it went back to bene or actually sold at the court house steps. Not bad for free.
February 2, 2009 at 9:06 PM #340248ParticipantYou can get a list of upcoming NTS sales from http://www.fidelityasap.com . It requires free registration. And for a couple of days after the sale has occured you can see what price it went for and if it went back to bene or actually sold at the court house steps. Not bad for free.
February 2, 2009 at 9:06 PM #340669ParticipantYou can get a list of upcoming NTS sales from http://www.fidelityasap.com . It requires free registration. And for a couple of days after the sale has occured you can see what price it went for and if it went back to bene or actually sold at the court house steps. Not bad for free.
February 2, 2009 at 9:06 PM #340698ParticipantYou can get a list of upcoming NTS sales from http://www.fidelityasap.com . It requires free registration. And for a couple of days after the sale has occured you can see what price it went for and if it went back to bene or actually sold at the court house steps. Not bad for free.
February 2, 2009 at 10:40 PM #340628SD Realtor
ParticipantI like the fidelity site. Good call on that. I wish it had more then a 30 day history.
February 2, 2009 at 10:40 PM #340849ParticipantI like the fidelity site. Good call on that. I wish it had more then a 30 day history.
February 2, 2009 at 10:40 PM #340753ParticipantI like the fidelity site. Good call on that. I wish it had more then a 30 day history.
February 2, 2009 at 10:40 PM #340726ParticipantI like the fidelity site. Good call on that. I wish it had more then a 30 day history.
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