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March 10, 2010 at 7:49 PM in reply to: Auction or NTS Sale – what liens / debts do you have to worry about? #524396March 10, 2010 at 7:49 PM in reply to: Auction or NTS Sale – what liens / debts do you have to worry about? #524839
SD Realtor
ParticipantIf you go to trustee sale and you don’t know which lien is foreclosing then my advice is for you to stay home.
March 10, 2010 at 7:49 PM in reply to: Auction or NTS Sale – what liens / debts do you have to worry about? #524935ParticipantIf you go to trustee sale and you don’t know which lien is foreclosing then my advice is for you to stay home.
March 10, 2010 at 7:49 PM in reply to: Auction or NTS Sale – what liens / debts do you have to worry about? #525193ParticipantIf you go to trustee sale and you don’t know which lien is foreclosing then my advice is for you to stay home.
ParticipantI agree it is horrible. However the two new developments up there have sold out quite fast. Anyone at phase 2 this weekend saw the carnage. Personally no, it is not something I would pay however it doesn’t seem to have affected demand.
It is a matter of taste. What irks you and me is somewhat inconsequential to others or at least not enough to stop them.
Where else in the county can they get a new home and that sort of school district?
ParticipantI agree it is horrible. However the two new developments up there have sold out quite fast. Anyone at phase 2 this weekend saw the carnage. Personally no, it is not something I would pay however it doesn’t seem to have affected demand.
It is a matter of taste. What irks you and me is somewhat inconsequential to others or at least not enough to stop them.
Where else in the county can they get a new home and that sort of school district?
ParticipantI agree it is horrible. However the two new developments up there have sold out quite fast. Anyone at phase 2 this weekend saw the carnage. Personally no, it is not something I would pay however it doesn’t seem to have affected demand.
It is a matter of taste. What irks you and me is somewhat inconsequential to others or at least not enough to stop them.
Where else in the county can they get a new home and that sort of school district?
ParticipantI agree it is horrible. However the two new developments up there have sold out quite fast. Anyone at phase 2 this weekend saw the carnage. Personally no, it is not something I would pay however it doesn’t seem to have affected demand.
It is a matter of taste. What irks you and me is somewhat inconsequential to others or at least not enough to stop them.
Where else in the county can they get a new home and that sort of school district?
ParticipantI agree it is horrible. However the two new developments up there have sold out quite fast. Anyone at phase 2 this weekend saw the carnage. Personally no, it is not something I would pay however it doesn’t seem to have affected demand.
It is a matter of taste. What irks you and me is somewhat inconsequential to others or at least not enough to stop them.
Where else in the county can they get a new home and that sort of school district?
Participantsddodo it is a tough call. The issue at hand is that every property is unique. I have seen BPOs done by imbeciles and I have seen other ones that are very accurate. Also how long have the places been on the market? I guess it is a speculative question and the issue really is up to the investors. Remember the negotiator gathers the package up and sends it to the investors and they give a thumbs up or down. Will they take something WELL below the BPO or not? I am not so sure that there is a rule of thumb. Sounds like you already know what the BPO is so how accurate do you think that is? When was the BPO done? Was the amount of the BPO given to you from the listing agent? Anyways you can pick a number and try to deal it out to them right? 5% a bit more or a bit less? Also are there any other liens? The net is what is most important to the investors so if there are no liens then you have more play in the BPO undercut.
Participantsddodo it is a tough call. The issue at hand is that every property is unique. I have seen BPOs done by imbeciles and I have seen other ones that are very accurate. Also how long have the places been on the market? I guess it is a speculative question and the issue really is up to the investors. Remember the negotiator gathers the package up and sends it to the investors and they give a thumbs up or down. Will they take something WELL below the BPO or not? I am not so sure that there is a rule of thumb. Sounds like you already know what the BPO is so how accurate do you think that is? When was the BPO done? Was the amount of the BPO given to you from the listing agent? Anyways you can pick a number and try to deal it out to them right? 5% a bit more or a bit less? Also are there any other liens? The net is what is most important to the investors so if there are no liens then you have more play in the BPO undercut.
Participantsddodo it is a tough call. The issue at hand is that every property is unique. I have seen BPOs done by imbeciles and I have seen other ones that are very accurate. Also how long have the places been on the market? I guess it is a speculative question and the issue really is up to the investors. Remember the negotiator gathers the package up and sends it to the investors and they give a thumbs up or down. Will they take something WELL below the BPO or not? I am not so sure that there is a rule of thumb. Sounds like you already know what the BPO is so how accurate do you think that is? When was the BPO done? Was the amount of the BPO given to you from the listing agent? Anyways you can pick a number and try to deal it out to them right? 5% a bit more or a bit less? Also are there any other liens? The net is what is most important to the investors so if there are no liens then you have more play in the BPO undercut.
Participantsddodo it is a tough call. The issue at hand is that every property is unique. I have seen BPOs done by imbeciles and I have seen other ones that are very accurate. Also how long have the places been on the market? I guess it is a speculative question and the issue really is up to the investors. Remember the negotiator gathers the package up and sends it to the investors and they give a thumbs up or down. Will they take something WELL below the BPO or not? I am not so sure that there is a rule of thumb. Sounds like you already know what the BPO is so how accurate do you think that is? When was the BPO done? Was the amount of the BPO given to you from the listing agent? Anyways you can pick a number and try to deal it out to them right? 5% a bit more or a bit less? Also are there any other liens? The net is what is most important to the investors so if there are no liens then you have more play in the BPO undercut.
Participantsddodo it is a tough call. The issue at hand is that every property is unique. I have seen BPOs done by imbeciles and I have seen other ones that are very accurate. Also how long have the places been on the market? I guess it is a speculative question and the issue really is up to the investors. Remember the negotiator gathers the package up and sends it to the investors and they give a thumbs up or down. Will they take something WELL below the BPO or not? I am not so sure that there is a rule of thumb. Sounds like you already know what the BPO is so how accurate do you think that is? When was the BPO done? Was the amount of the BPO given to you from the listing agent? Anyways you can pick a number and try to deal it out to them right? 5% a bit more or a bit less? Also are there any other liens? The net is what is most important to the investors so if there are no liens then you have more play in the BPO undercut.
March 10, 2010 at 3:37 PM in reply to: Auction or NTS Sale – what liens / debts do you have to worry about? #524131Participant– 2nd mortgage – wiped out
– HELOC – wiped out
– Mechanics lien – not sure
– Tax lien – State is wiped. Property taxes are not. IRS liens are not but there is only a 120 day (I think) right of redemption.
– HOAs – wiped out
– anything I’ve missedUC you got it… also if the tax liens are not a killer we have moved forward and just paid them off. Depends on how the margins look.
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