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Effective Demand
Participanthttp://arcc.co.san-diego.ca.us/services/grantorgrantee/search.aspx
Assuming you are in SD. Click on advanced search, put the owners last name in and set the filing data maybe 2 weeks back, should come up with a NOD.
I dont know what the local paper for publishing NOD is in your area but you can check the classifieds for the big local paper, the public notices section and find it there.
Fidelityasap I believe is the publishing company for ReconTrust, an account there is free. You can PM me if you want me to look up the trustee sale # there.
If that isn’t a NOD its a darn good piece of spam mail.
Participanthttp://arcc.co.san-diego.ca.us/services/grantorgrantee/search.aspx
Assuming you are in SD. Click on advanced search, put the owners last name in and set the filing data maybe 2 weeks back, should come up with a NOD.
I dont know what the local paper for publishing NOD is in your area but you can check the classifieds for the big local paper, the public notices section and find it there.
Fidelityasap I believe is the publishing company for ReconTrust, an account there is free. You can PM me if you want me to look up the trustee sale # there.
If that isn’t a NOD its a darn good piece of spam mail.
Participanthttp://arcc.co.san-diego.ca.us/services/grantorgrantee/search.aspx
Assuming you are in SD. Click on advanced search, put the owners last name in and set the filing data maybe 2 weeks back, should come up with a NOD.
I dont know what the local paper for publishing NOD is in your area but you can check the classifieds for the big local paper, the public notices section and find it there.
Fidelityasap I believe is the publishing company for ReconTrust, an account there is free. You can PM me if you want me to look up the trustee sale # there.
If that isn’t a NOD its a darn good piece of spam mail.
Participanthttp://arcc.co.san-diego.ca.us/services/grantorgrantee/search.aspx
Assuming you are in SD. Click on advanced search, put the owners last name in and set the filing data maybe 2 weeks back, should come up with a NOD.
I dont know what the local paper for publishing NOD is in your area but you can check the classifieds for the big local paper, the public notices section and find it there.
Fidelityasap I believe is the publishing company for ReconTrust, an account there is free. You can PM me if you want me to look up the trustee sale # there.
If that isn’t a NOD its a darn good piece of spam mail.
ParticipantPentagon Federal Credit Union, underwriting is more conservative than sub 417k loans but rates are identical since I’ve been following them.
You can join even if not military by joining an organization for a small fee.
ParticipantPentagon Federal Credit Union, underwriting is more conservative than sub 417k loans but rates are identical since I’ve been following them.
You can join even if not military by joining an organization for a small fee.
ParticipantPentagon Federal Credit Union, underwriting is more conservative than sub 417k loans but rates are identical since I’ve been following them.
You can join even if not military by joining an organization for a small fee.
ParticipantPentagon Federal Credit Union, underwriting is more conservative than sub 417k loans but rates are identical since I’ve been following them.
You can join even if not military by joining an organization for a small fee.
ParticipantPentagon Federal Credit Union, underwriting is more conservative than sub 417k loans but rates are identical since I’ve been following them.
You can join even if not military by joining an organization for a small fee.
Participant[quote=AN][quote=Effective Demand]
Edit2: I would also like to note that another important takeaway is for buyers to realize that even if they hear that a higher offer is in it doesn’t mean its a better offer than what you put in. Trying to compete against unrealistic offers that have no chance of closing is a sure way to overpay.[/quote]
With this statement, you’re assuming that all highest offers are one that have no chance of closing? How do you know what’s unrealistic and what’s reality? Besides getting outbid and it did close above your offer.
[/quote]I’m not assuming that higher offers have no chance of closing I am saying bidders simply don’t know that the contents of a higher offer so they can’t assume its a better offer than the one they made.
There is a risk/reward component in offers for banks. Cash offers are lower risk, therefore lower reward. FHA can be higher risk (the risk of not closing and the market passing you by) but they may net more. With any financed offer you get appraisal risk, inspection risk, risk of borrower being able to close, etc. So without knowing how “risky” one offer is you can’t evaluate if it is truely a competing bid. Just something to watch out for.
Yes there multiple offers on many properties. But the number of offers that the seller realistically considers based solely on the financing type, inspection contingencies, concessions, and earnest money is a much smaller.
Participant[quote=AN][quote=Effective Demand]
Edit2: I would also like to note that another important takeaway is for buyers to realize that even if they hear that a higher offer is in it doesn’t mean its a better offer than what you put in. Trying to compete against unrealistic offers that have no chance of closing is a sure way to overpay.[/quote]
With this statement, you’re assuming that all highest offers are one that have no chance of closing? How do you know what’s unrealistic and what’s reality? Besides getting outbid and it did close above your offer.
[/quote]I’m not assuming that higher offers have no chance of closing I am saying bidders simply don’t know that the contents of a higher offer so they can’t assume its a better offer than the one they made.
There is a risk/reward component in offers for banks. Cash offers are lower risk, therefore lower reward. FHA can be higher risk (the risk of not closing and the market passing you by) but they may net more. With any financed offer you get appraisal risk, inspection risk, risk of borrower being able to close, etc. So without knowing how “risky” one offer is you can’t evaluate if it is truely a competing bid. Just something to watch out for.
Yes there multiple offers on many properties. But the number of offers that the seller realistically considers based solely on the financing type, inspection contingencies, concessions, and earnest money is a much smaller.
Participant[quote=AN][quote=Effective Demand]
Edit2: I would also like to note that another important takeaway is for buyers to realize that even if they hear that a higher offer is in it doesn’t mean its a better offer than what you put in. Trying to compete against unrealistic offers that have no chance of closing is a sure way to overpay.[/quote]
With this statement, you’re assuming that all highest offers are one that have no chance of closing? How do you know what’s unrealistic and what’s reality? Besides getting outbid and it did close above your offer.
[/quote]I’m not assuming that higher offers have no chance of closing I am saying bidders simply don’t know that the contents of a higher offer so they can’t assume its a better offer than the one they made.
There is a risk/reward component in offers for banks. Cash offers are lower risk, therefore lower reward. FHA can be higher risk (the risk of not closing and the market passing you by) but they may net more. With any financed offer you get appraisal risk, inspection risk, risk of borrower being able to close, etc. So without knowing how “risky” one offer is you can’t evaluate if it is truely a competing bid. Just something to watch out for.
Yes there multiple offers on many properties. But the number of offers that the seller realistically considers based solely on the financing type, inspection contingencies, concessions, and earnest money is a much smaller.
Participant[quote=AN][quote=Effective Demand]
Edit2: I would also like to note that another important takeaway is for buyers to realize that even if they hear that a higher offer is in it doesn’t mean its a better offer than what you put in. Trying to compete against unrealistic offers that have no chance of closing is a sure way to overpay.[/quote]
With this statement, you’re assuming that all highest offers are one that have no chance of closing? How do you know what’s unrealistic and what’s reality? Besides getting outbid and it did close above your offer.
[/quote]I’m not assuming that higher offers have no chance of closing I am saying bidders simply don’t know that the contents of a higher offer so they can’t assume its a better offer than the one they made.
There is a risk/reward component in offers for banks. Cash offers are lower risk, therefore lower reward. FHA can be higher risk (the risk of not closing and the market passing you by) but they may net more. With any financed offer you get appraisal risk, inspection risk, risk of borrower being able to close, etc. So without knowing how “risky” one offer is you can’t evaluate if it is truely a competing bid. Just something to watch out for.
Yes there multiple offers on many properties. But the number of offers that the seller realistically considers based solely on the financing type, inspection contingencies, concessions, and earnest money is a much smaller.
Participant[quote=AN][quote=Effective Demand]
Edit2: I would also like to note that another important takeaway is for buyers to realize that even if they hear that a higher offer is in it doesn’t mean its a better offer than what you put in. Trying to compete against unrealistic offers that have no chance of closing is a sure way to overpay.[/quote]
With this statement, you’re assuming that all highest offers are one that have no chance of closing? How do you know what’s unrealistic and what’s reality? Besides getting outbid and it did close above your offer.
[/quote]I’m not assuming that higher offers have no chance of closing I am saying bidders simply don’t know that the contents of a higher offer so they can’t assume its a better offer than the one they made.
There is a risk/reward component in offers for banks. Cash offers are lower risk, therefore lower reward. FHA can be higher risk (the risk of not closing and the market passing you by) but they may net more. With any financed offer you get appraisal risk, inspection risk, risk of borrower being able to close, etc. So without knowing how “risky” one offer is you can’t evaluate if it is truely a competing bid. Just something to watch out for.
Yes there multiple offers on many properties. But the number of offers that the seller realistically considers based solely on the financing type, inspection contingencies, concessions, and earnest money is a much smaller.
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