questions on offering ona foreclosure

[The OC Scam]

Bane,

First of all it is awesome you found a home you like!!

Here is what you need to do to get that beautiful house….Move in already …squat…demand the house…put your flag in the lawn with your name on it…like in the old wild west…just call up the water, electric, gas companies and put their service in your name …then tell the bank to want to make a offer as a tenant …that is how you get a REO in today’s market //Don’t let those Realtors tell you what to do!
If you want more insightful information then look out for my book “How to Squat then Buy America” is coming July 2008 to a book store near you….

Good Day,

The OC Scam

[jpinpb]

raptorduck – That’s was my concern as well. The property I’m interested in has a first, second and third. First and third are willing to negotiate. Second is uncooperative.

This is something I don’t understand, and maybe someone can explain. If it goes to the steps at foreclosure and goes back to bank on first, then to MLS as REO, if the first accepts less than what’s owed on it, doesn’t it wipe out the second and third automatically?

Wouldn’t the second want to cooperate on a short sale and get something rather than nothing? Or I think I read somewhere something about the second and insurance or writing down and their position is better if it goes to foreclosure than short sale. Not sure.

OC Scam – are you serious? Can you really do that?

[jpinpb]

raptorduck – That’s was my concern as well. The property I’m interested in has a first, second and third. First and third are willing to negotiate. Second is uncooperative.

This is something I don’t understand, and maybe someone can explain. If it goes to the steps at foreclosure and goes back to bank on first, then to MLS as REO, if the first accepts less than what’s owed on it, doesn’t it wipe out the second and third automatically?

Wouldn’t the second want to cooperate on a short sale and get something rather than nothing? Or I think I read somewhere something about the second and insurance or writing down and their position is better if it goes to foreclosure than short sale. Not sure.

OC Scam – are you serious? Can you really do that?

[jpinpb]

raptorduck – That’s was my concern as well. The property I’m interested in has a first, second and third. First and third are willing to negotiate. Second is uncooperative.

This is something I don’t understand, and maybe someone can explain. If it goes to the steps at foreclosure and goes back to bank on first, then to MLS as REO, if the first accepts less than what’s owed on it, doesn’t it wipe out the second and third automatically?

Wouldn’t the second want to cooperate on a short sale and get something rather than nothing? Or I think I read somewhere something about the second and insurance or writing down and their position is better if it goes to foreclosure than short sale. Not sure.

OC Scam – are you serious? Can you really do that?

[jpinpb]

raptorduck – That’s was my concern as well. The property I’m interested in has a first, second and third. First and third are willing to negotiate. Second is uncooperative.

This is something I don’t understand, and maybe someone can explain. If it goes to the steps at foreclosure and goes back to bank on first, then to MLS as REO, if the first accepts less than what’s owed on it, doesn’t it wipe out the second and third automatically?

Wouldn’t the second want to cooperate on a short sale and get something rather than nothing? Or I think I read somewhere something about the second and insurance or writing down and their position is better if it goes to foreclosure than short sale. Not sure.

OC Scam – are you serious? Can you really do that?

[jpinpb]

raptorduck – That’s was my concern as well. The property I’m interested in has a first, second and third. First and third are willing to negotiate. Second is uncooperative.

This is something I don’t understand, and maybe someone can explain. If it goes to the steps at foreclosure and goes back to bank on first, then to MLS as REO, if the first accepts less than what’s owed on it, doesn’t it wipe out the second and third automatically?

Wouldn’t the second want to cooperate on a short sale and get something rather than nothing? Or I think I read somewhere something about the second and insurance or writing down and their position is better if it goes to foreclosure than short sale. Not sure.

OC Scam – are you serious? Can you really do that?

[gn]

If there is a short sale and the first agrees to a lesser amount and second doesn't, then what?

Can one negotiate w/the first and first accepts, what happens to second?

If it goes to foreclosure and first accepts less that what is owed, what happens to second?

For a short sale to go through, both the first & second have to agree/approve. Often time, the first will offer the second a token amount ($1000) to agree to the sale. If the second does not agree, the first then forecloses & the second gets nothing.

Since the $1000 is a small amount of money, it can go either way.

What I don’t know is: if there is a tax lien on the house, will the lien remains after foreclosure ?

[gn]

If there is a short sale and the first agrees to a lesser amount and second doesn't, then what?

Can one negotiate w/the first and first accepts, what happens to second?

If it goes to foreclosure and first accepts less that what is owed, what happens to second?

For a short sale to go through, both the first & second have to agree/approve. Often time, the first will offer the second a token amount ($1000) to agree to the sale. If the second does not agree, the first then forecloses & the second gets nothing.

Since the $1000 is a small amount of money, it can go either way.

What I don’t know is: if there is a tax lien on the house, will the lien remains after foreclosure ?

[gn]

If there is a short sale and the first agrees to a lesser amount and second doesn't, then what?

Can one negotiate w/the first and first accepts, what happens to second?

If it goes to foreclosure and first accepts less that what is owed, what happens to second?

For a short sale to go through, both the first & second have to agree/approve. Often time, the first will offer the second a token amount ($1000) to agree to the sale. If the second does not agree, the first then forecloses & the second gets nothing.

Since the $1000 is a small amount of money, it can go either way.

What I don’t know is: if there is a tax lien on the house, will the lien remains after foreclosure ?

[gn]

If there is a short sale and the first agrees to a lesser amount and second doesn't, then what?

Can one negotiate w/the first and first accepts, what happens to second?

If it goes to foreclosure and first accepts less that what is owed, what happens to second?

For a short sale to go through, both the first & second have to agree/approve. Often time, the first will offer the second a token amount ($1000) to agree to the sale. If the second does not agree, the first then forecloses & the second gets nothing.

Since the $1000 is a small amount of money, it can go either way.

What I don’t know is: if there is a tax lien on the house, will the lien remains after foreclosure ?

[gn]

If there is a short sale and the first agrees to a lesser amount and second doesn't, then what?

Can one negotiate w/the first and first accepts, what happens to second?

If it goes to foreclosure and first accepts less that what is owed, what happens to second?

For a short sale to go through, both the first & second have to agree/approve. Often time, the first will offer the second a token amount ($1000) to agree to the sale. If the second does not agree, the first then forecloses & the second gets nothing.

Since the $1000 is a small amount of money, it can go either way.

What I don’t know is: if there is a tax lien on the house, will the lien remains after foreclosure ?

[The OC Scam]

Yeah it could work but you could go to jail if the bank already held a trustee sale….serious???…umm.. No!! ask SD Realtor

[The OC Scam]

Yeah it could work but you could go to jail if the bank already held a trustee sale….serious???…umm.. No!! ask SD Realtor

[The OC Scam]

Yeah it could work but you could go to jail if the bank already held a trustee sale….serious???…umm.. No!! ask SD Realtor

[The OC Scam]

Yeah it could work but you could go to jail if the bank already held a trustee sale….serious???…umm.. No!! ask SD Realtor

[Author]

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