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recordsclerk
ParticipantEffective Demand,
Thank you for the info. I will study a few auction days and see if I can get any info from the data.
recordsclerk
ParticipantAlthough the openning bid does not automatically give you a good chance at getting a good price, it does help eliminate properties from your potential list of properties for purchase. There is a lot of research that I go through with each property just to have the opening bid be too high. It would be nice to only target properties that have a good opening bid. There are enough postponed properties to waste my time already. The bidding is getting out of hand and the margins are getting smaller by the day. Just last month a property that was on my potential buy list had an opening bid of 90K and was bidded up to 170K. That was 10k over what we wanted to pay and would sell for about 220k. Looking back at the sale, the margin seems to be a lot better then what has been selling lately.
I also saw that home in Mira Mesa for 359k. I don’t see how anyone will make money on that property.recordsclerk
ParticipantAlthough the openning bid does not automatically give you a good chance at getting a good price, it does help eliminate properties from your potential list of properties for purchase. There is a lot of research that I go through with each property just to have the opening bid be too high. It would be nice to only target properties that have a good opening bid. There are enough postponed properties to waste my time already. The bidding is getting out of hand and the margins are getting smaller by the day. Just last month a property that was on my potential buy list had an opening bid of 90K and was bidded up to 170K. That was 10k over what we wanted to pay and would sell for about 220k. Looking back at the sale, the margin seems to be a lot better then what has been selling lately.
I also saw that home in Mira Mesa for 359k. I don’t see how anyone will make money on that property.recordsclerk
ParticipantAlthough the openning bid does not automatically give you a good chance at getting a good price, it does help eliminate properties from your potential list of properties for purchase. There is a lot of research that I go through with each property just to have the opening bid be too high. It would be nice to only target properties that have a good opening bid. There are enough postponed properties to waste my time already. The bidding is getting out of hand and the margins are getting smaller by the day. Just last month a property that was on my potential buy list had an opening bid of 90K and was bidded up to 170K. That was 10k over what we wanted to pay and would sell for about 220k. Looking back at the sale, the margin seems to be a lot better then what has been selling lately.
I also saw that home in Mira Mesa for 359k. I don’t see how anyone will make money on that property.recordsclerk
ParticipantAlthough the openning bid does not automatically give you a good chance at getting a good price, it does help eliminate properties from your potential list of properties for purchase. There is a lot of research that I go through with each property just to have the opening bid be too high. It would be nice to only target properties that have a good opening bid. There are enough postponed properties to waste my time already. The bidding is getting out of hand and the margins are getting smaller by the day. Just last month a property that was on my potential buy list had an opening bid of 90K and was bidded up to 170K. That was 10k over what we wanted to pay and would sell for about 220k. Looking back at the sale, the margin seems to be a lot better then what has been selling lately.
I also saw that home in Mira Mesa for 359k. I don’t see how anyone will make money on that property.recordsclerk
ParticipantAlthough the openning bid does not automatically give you a good chance at getting a good price, it does help eliminate properties from your potential list of properties for purchase. There is a lot of research that I go through with each property just to have the opening bid be too high. It would be nice to only target properties that have a good opening bid. There are enough postponed properties to waste my time already. The bidding is getting out of hand and the margins are getting smaller by the day. Just last month a property that was on my potential buy list had an opening bid of 90K and was bidded up to 170K. That was 10k over what we wanted to pay and would sell for about 220k. Looking back at the sale, the margin seems to be a lot better then what has been selling lately.
I also saw that home in Mira Mesa for 359k. I don’t see how anyone will make money on that property.recordsclerk
ParticipantI currently have foreclosureradar. I was wondering if you can actually guess the opening bid based on the servicer/bank? It seems all over the place to me, but that would be good info if the combo can produce some educated guesses for opening bids. Also, when referring to the servicer, is that the Trustee? All the 3rd party sales for today at El Cajon Court were done by Cal-Western Reconveyance Corp.
recordsclerk
ParticipantI currently have foreclosureradar. I was wondering if you can actually guess the opening bid based on the servicer/bank? It seems all over the place to me, but that would be good info if the combo can produce some educated guesses for opening bids. Also, when referring to the servicer, is that the Trustee? All the 3rd party sales for today at El Cajon Court were done by Cal-Western Reconveyance Corp.
recordsclerk
ParticipantI currently have foreclosureradar. I was wondering if you can actually guess the opening bid based on the servicer/bank? It seems all over the place to me, but that would be good info if the combo can produce some educated guesses for opening bids. Also, when referring to the servicer, is that the Trustee? All the 3rd party sales for today at El Cajon Court were done by Cal-Western Reconveyance Corp.
recordsclerk
ParticipantI currently have foreclosureradar. I was wondering if you can actually guess the opening bid based on the servicer/bank? It seems all over the place to me, but that would be good info if the combo can produce some educated guesses for opening bids. Also, when referring to the servicer, is that the Trustee? All the 3rd party sales for today at El Cajon Court were done by Cal-Western Reconveyance Corp.
recordsclerk
ParticipantI currently have foreclosureradar. I was wondering if you can actually guess the opening bid based on the servicer/bank? It seems all over the place to me, but that would be good info if the combo can produce some educated guesses for opening bids. Also, when referring to the servicer, is that the Trustee? All the 3rd party sales for today at El Cajon Court were done by Cal-Western Reconveyance Corp.
recordsclerk
Participant“With good enough data (knowing the servicer and who owns the loan) you can basically ballpark the opening bid pretty well. Some servicer+investor combos set opening bid at what is owed (not too common), others set it at market value (pretty common) and others still set it at market value minus some fixed percentage.”
You should provide this info on your blog.
recordsclerk
Participant“With good enough data (knowing the servicer and who owns the loan) you can basically ballpark the opening bid pretty well. Some servicer+investor combos set opening bid at what is owed (not too common), others set it at market value (pretty common) and others still set it at market value minus some fixed percentage.”
You should provide this info on your blog.
recordsclerk
Participant“With good enough data (knowing the servicer and who owns the loan) you can basically ballpark the opening bid pretty well. Some servicer+investor combos set opening bid at what is owed (not too common), others set it at market value (pretty common) and others still set it at market value minus some fixed percentage.”
You should provide this info on your blog.
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