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  • December 21, 2010 at 4:48 PM #644316
    Racer5
    Participant

    Thanks for all the info SD.

    After hearing the listing agents feedback, I am even more convinced that to get a desirable, well priced REO your either,

    A) have to have an agent that really really knows whats going and still get very lucky.

    B) work directly with the listing agent, and get lucky.

    Thanks,
    Racer5

    December 21, 2010 at 5:17 PM #643216
    bearishgurl
    Participant

    Racer5,

    Why is obtaining an “REO” the “be-all” and “end-all” for you . . . or is it? Do you honestly believe REOs are a “good deal” in comparison to a “traditional sale” that has to compete with them in the marketplace?

    To me, “competing” for one of these monstrosities (sans a Transfer Disclosure Statement) is akin to “standing in line” for the pleasure of paying too much or even “bidding against yourself” for a property that some deadbeat lost to foreclosure. Does this bode well for a property that has been properly maintained when the previous owner couldn’t even make their mortgage payments? As a qualified buyer, how is all of this YOUR problem??

    Just think about this…

    December 21, 2010 at 5:17 PM #643287
    bearishgurl
    Participant

    Racer5,

    Why is obtaining an “REO” the “be-all” and “end-all” for you . . . or is it? Do you honestly believe REOs are a “good deal” in comparison to a “traditional sale” that has to compete with them in the marketplace?

    To me, “competing” for one of these monstrosities (sans a Transfer Disclosure Statement) is akin to “standing in line” for the pleasure of paying too much or even “bidding against yourself” for a property that some deadbeat lost to foreclosure. Does this bode well for a property that has been properly maintained when the previous owner couldn’t even make their mortgage payments? As a qualified buyer, how is all of this YOUR problem??

    Just think about this…

    December 21, 2010 at 5:17 PM #643868
    bearishgurl
    Participant

    Racer5,

    Why is obtaining an “REO” the “be-all” and “end-all” for you . . . or is it? Do you honestly believe REOs are a “good deal” in comparison to a “traditional sale” that has to compete with them in the marketplace?

    To me, “competing” for one of these monstrosities (sans a Transfer Disclosure Statement) is akin to “standing in line” for the pleasure of paying too much or even “bidding against yourself” for a property that some deadbeat lost to foreclosure. Does this bode well for a property that has been properly maintained when the previous owner couldn’t even make their mortgage payments? As a qualified buyer, how is all of this YOUR problem??

    Just think about this…

    December 21, 2010 at 5:17 PM #644004
    bearishgurl
    Participant

    Racer5,

    Why is obtaining an “REO” the “be-all” and “end-all” for you . . . or is it? Do you honestly believe REOs are a “good deal” in comparison to a “traditional sale” that has to compete with them in the marketplace?

    To me, “competing” for one of these monstrosities (sans a Transfer Disclosure Statement) is akin to “standing in line” for the pleasure of paying too much or even “bidding against yourself” for a property that some deadbeat lost to foreclosure. Does this bode well for a property that has been properly maintained when the previous owner couldn’t even make their mortgage payments? As a qualified buyer, how is all of this YOUR problem??

    Just think about this…

    December 21, 2010 at 5:17 PM #644325
    bearishgurl
    Participant

    Racer5,

    Why is obtaining an “REO” the “be-all” and “end-all” for you . . . or is it? Do you honestly believe REOs are a “good deal” in comparison to a “traditional sale” that has to compete with them in the marketplace?

    To me, “competing” for one of these monstrosities (sans a Transfer Disclosure Statement) is akin to “standing in line” for the pleasure of paying too much or even “bidding against yourself” for a property that some deadbeat lost to foreclosure. Does this bode well for a property that has been properly maintained when the previous owner couldn’t even make their mortgage payments? As a qualified buyer, how is all of this YOUR problem??

    Just think about this…

    December 21, 2010 at 10:05 PM #643351
    SD Realtor
    Participant

    What sort of feedback did you get from the listing agent?

    December 21, 2010 at 10:05 PM #643422
    SD Realtor
    Participant

    What sort of feedback did you get from the listing agent?

    December 21, 2010 at 10:05 PM #644003
    SD Realtor
    Participant

    What sort of feedback did you get from the listing agent?

    December 21, 2010 at 10:05 PM #644139
    SD Realtor
    Participant

    What sort of feedback did you get from the listing agent?

    December 21, 2010 at 10:05 PM #644460
    SD Realtor
    Participant

    What sort of feedback did you get from the listing agent?

    December 21, 2010 at 10:05 PM #643356
    SD Realtor
    Participant

    What sort of feedback did you get from the listing agent?

    December 21, 2010 at 10:05 PM #643427
    SD Realtor
    Participant

    What sort of feedback did you get from the listing agent?

    December 21, 2010 at 10:05 PM #644008
    SD Realtor
    Participant

    What sort of feedback did you get from the listing agent?

    December 21, 2010 at 10:05 PM #644144
    SD Realtor
    Participant

    What sort of feedback did you get from the listing agent?

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