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CA renter.
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March 20, 2009 at 6:29 PM #371361March 20, 2009 at 7:37 PM #370770
Dougie944
ParticipantThe one forclosure that I followed all the way through the process was eventually sold to a bulk seller. That transaction was recorded in the County records just like every sale.
Defaulted Mortgage: Approximately $600,000
Property listed: $450,000 in Summer of 2008
Turned down offers of $350,000 and $375,000
Bulk Sale Price: $265,917 in December 2008
Final Sale Price: $359,900 in February 2009House needed quite a bit of work. The bulk sale company claims, on their website, they fix them up. They did nothing, but it was recorded for anyone to see at the County Recorder’s Office.
March 20, 2009 at 7:37 PM #371057ParticipantThe one forclosure that I followed all the way through the process was eventually sold to a bulk seller. That transaction was recorded in the County records just like every sale.
Defaulted Mortgage: Approximately $600,000
Property listed: $450,000 in Summer of 2008
Turned down offers of $350,000 and $375,000
Bulk Sale Price: $265,917 in December 2008
Final Sale Price: $359,900 in February 2009House needed quite a bit of work. The bulk sale company claims, on their website, they fix them up. They did nothing, but it was recorded for anyone to see at the County Recorder’s Office.
March 20, 2009 at 7:37 PM #371225ParticipantThe one forclosure that I followed all the way through the process was eventually sold to a bulk seller. That transaction was recorded in the County records just like every sale.
Defaulted Mortgage: Approximately $600,000
Property listed: $450,000 in Summer of 2008
Turned down offers of $350,000 and $375,000
Bulk Sale Price: $265,917 in December 2008
Final Sale Price: $359,900 in February 2009House needed quite a bit of work. The bulk sale company claims, on their website, they fix them up. They did nothing, but it was recorded for anyone to see at the County Recorder’s Office.
March 20, 2009 at 7:37 PM #371269ParticipantThe one forclosure that I followed all the way through the process was eventually sold to a bulk seller. That transaction was recorded in the County records just like every sale.
Defaulted Mortgage: Approximately $600,000
Property listed: $450,000 in Summer of 2008
Turned down offers of $350,000 and $375,000
Bulk Sale Price: $265,917 in December 2008
Final Sale Price: $359,900 in February 2009House needed quite a bit of work. The bulk sale company claims, on their website, they fix them up. They did nothing, but it was recorded for anyone to see at the County Recorder’s Office.
March 20, 2009 at 7:37 PM #371381ParticipantThe one forclosure that I followed all the way through the process was eventually sold to a bulk seller. That transaction was recorded in the County records just like every sale.
Defaulted Mortgage: Approximately $600,000
Property listed: $450,000 in Summer of 2008
Turned down offers of $350,000 and $375,000
Bulk Sale Price: $265,917 in December 2008
Final Sale Price: $359,900 in February 2009House needed quite a bit of work. The bulk sale company claims, on their website, they fix them up. They did nothing, but it was recorded for anyone to see at the County Recorder’s Office.
March 20, 2009 at 7:44 PM #370775jpinpb
ParticipantWhat’s the address?
March 20, 2009 at 7:44 PM #371062ParticipantWhat’s the address?
March 20, 2009 at 7:44 PM #371230ParticipantWhat’s the address?
March 20, 2009 at 7:44 PM #371274ParticipantWhat’s the address?
March 20, 2009 at 7:44 PM #371386ParticipantWhat’s the address?
March 20, 2009 at 8:13 PM #370795PCinSD
Guest[quote=CA renter]The one you referred me to some time ago about hard money lending?
It would be very much appreciated if you could find out any information about this, pablo. Thanks! :)[/quote]
Yep, same guy. I’ll find out what I can, and what he’s willing do disclose on an anonymous basis. San Diego is a small town, (and I’m not a player in this town), so I need to make sure there’s no conflicts, whatever. For all I know, he may know some posters/lurkers here.
My general understanding is that it was a small amount of investors around the 5 – 10 million range, cumulatively. I also understood they were getting around 30 cents on the dollar. The idea was to flip them to another group of investors, who in turn would flip them to the end user.
Actually, similar to what Davelj mentioned. Hell, he may know some of these folks. Who knows.
March 20, 2009 at 8:13 PM #371082Guest[quote=CA renter]The one you referred me to some time ago about hard money lending?
It would be very much appreciated if you could find out any information about this, pablo. Thanks! :)[/quote]
Yep, same guy. I’ll find out what I can, and what he’s willing do disclose on an anonymous basis. San Diego is a small town, (and I’m not a player in this town), so I need to make sure there’s no conflicts, whatever. For all I know, he may know some posters/lurkers here.
My general understanding is that it was a small amount of investors around the 5 – 10 million range, cumulatively. I also understood they were getting around 30 cents on the dollar. The idea was to flip them to another group of investors, who in turn would flip them to the end user.
Actually, similar to what Davelj mentioned. Hell, he may know some of these folks. Who knows.
March 20, 2009 at 8:13 PM #371250Guest[quote=CA renter]The one you referred me to some time ago about hard money lending?
It would be very much appreciated if you could find out any information about this, pablo. Thanks! :)[/quote]
Yep, same guy. I’ll find out what I can, and what he’s willing do disclose on an anonymous basis. San Diego is a small town, (and I’m not a player in this town), so I need to make sure there’s no conflicts, whatever. For all I know, he may know some posters/lurkers here.
My general understanding is that it was a small amount of investors around the 5 – 10 million range, cumulatively. I also understood they were getting around 30 cents on the dollar. The idea was to flip them to another group of investors, who in turn would flip them to the end user.
Actually, similar to what Davelj mentioned. Hell, he may know some of these folks. Who knows.
March 20, 2009 at 8:13 PM #371294Guest[quote=CA renter]The one you referred me to some time ago about hard money lending?
It would be very much appreciated if you could find out any information about this, pablo. Thanks! :)[/quote]
Yep, same guy. I’ll find out what I can, and what he’s willing do disclose on an anonymous basis. San Diego is a small town, (and I’m not a player in this town), so I need to make sure there’s no conflicts, whatever. For all I know, he may know some posters/lurkers here.
My general understanding is that it was a small amount of investors around the 5 – 10 million range, cumulatively. I also understood they were getting around 30 cents on the dollar. The idea was to flip them to another group of investors, who in turn would flip them to the end user.
Actually, similar to what Davelj mentioned. Hell, he may know some of these folks. Who knows.
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