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zk
Participantone more thing…
Apparently new liens can appear on a title within a few days before the auction. I’ve heard that some buyers will do a title check when they start to research a property and then another one as soon (late) as possible before the auction.
Good luck.
ParticipantI don’t know anything about how to do title checks, but you definitely want to do that before you buy at a trustee sale. Otherwise you might be surprised to find a lien or something on the house that you’d be responsible for as the new owner.
I would definitely recommend going down to the courthouse to watch an auction before you actually go down to bid. I went down there last week (220 W. Broadway, downtown SD, where many of the local aucions are held) and watched a few hours worth of auctions. There were several very-well-prepared professionals who were in constant contact by phone with their office, where they had other staff counseling them on how much to pay for any particular property. Even as they participated in the auction, they were on the phone. “A hundred more. (Gets a look on his face like there’s somebody talking to him on the phone in his ear) Two hundred thirty seven thousand. A hundred more. (Talks mutedly into phone). A hundred more.” That’s what you’ll be up against. There were also a dozen or more others who had paperwork and laptops, but bid rarely or not at all. A fascinating scene, really, and one with which I’d think you’d want to be familiar before actually going down there to bid. One other thing about the auction that surprised me (although it shouldn’t have), and that would be helpful to know before going in, was that they don’t wait around for you to decide. They move very quickly, and as soon as there’s a pause, it’s: Two hundred and thirty eight thousand one hundred going once -(less than a one second pause)- going twice (less than a one second pause) sold for two hundred and thirty eight thousand one hundred. Next.
I’m sure there are other things you’ll want to do, but I don’t know what they are; this is just my two cents on a couple of things.
ParticipantI don’t know anything about how to do title checks, but you definitely want to do that before you buy at a trustee sale. Otherwise you might be surprised to find a lien or something on the house that you’d be responsible for as the new owner.
I would definitely recommend going down to the courthouse to watch an auction before you actually go down to bid. I went down there last week (220 W. Broadway, downtown SD, where many of the local aucions are held) and watched a few hours worth of auctions. There were several very-well-prepared professionals who were in constant contact by phone with their office, where they had other staff counseling them on how much to pay for any particular property. Even as they participated in the auction, they were on the phone. “A hundred more. (Gets a look on his face like there’s somebody talking to him on the phone in his ear) Two hundred thirty seven thousand. A hundred more. (Talks mutedly into phone). A hundred more.” That’s what you’ll be up against. There were also a dozen or more others who had paperwork and laptops, but bid rarely or not at all. A fascinating scene, really, and one with which I’d think you’d want to be familiar before actually going down there to bid. One other thing about the auction that surprised me (although it shouldn’t have), and that would be helpful to know before going in, was that they don’t wait around for you to decide. They move very quickly, and as soon as there’s a pause, it’s: Two hundred and thirty eight thousand one hundred going once -(less than a one second pause)- going twice (less than a one second pause) sold for two hundred and thirty eight thousand one hundred. Next.
I’m sure there are other things you’ll want to do, but I don’t know what they are; this is just my two cents on a couple of things.
ParticipantI don’t know anything about how to do title checks, but you definitely want to do that before you buy at a trustee sale. Otherwise you might be surprised to find a lien or something on the house that you’d be responsible for as the new owner.
I would definitely recommend going down to the courthouse to watch an auction before you actually go down to bid. I went down there last week (220 W. Broadway, downtown SD, where many of the local aucions are held) and watched a few hours worth of auctions. There were several very-well-prepared professionals who were in constant contact by phone with their office, where they had other staff counseling them on how much to pay for any particular property. Even as they participated in the auction, they were on the phone. “A hundred more. (Gets a look on his face like there’s somebody talking to him on the phone in his ear) Two hundred thirty seven thousand. A hundred more. (Talks mutedly into phone). A hundred more.” That’s what you’ll be up against. There were also a dozen or more others who had paperwork and laptops, but bid rarely or not at all. A fascinating scene, really, and one with which I’d think you’d want to be familiar before actually going down there to bid. One other thing about the auction that surprised me (although it shouldn’t have), and that would be helpful to know before going in, was that they don’t wait around for you to decide. They move very quickly, and as soon as there’s a pause, it’s: Two hundred and thirty eight thousand one hundred going once -(less than a one second pause)- going twice (less than a one second pause) sold for two hundred and thirty eight thousand one hundred. Next.
I’m sure there are other things you’ll want to do, but I don’t know what they are; this is just my two cents on a couple of things.
ParticipantI don’t know anything about how to do title checks, but you definitely want to do that before you buy at a trustee sale. Otherwise you might be surprised to find a lien or something on the house that you’d be responsible for as the new owner.
I would definitely recommend going down to the courthouse to watch an auction before you actually go down to bid. I went down there last week (220 W. Broadway, downtown SD, where many of the local aucions are held) and watched a few hours worth of auctions. There were several very-well-prepared professionals who were in constant contact by phone with their office, where they had other staff counseling them on how much to pay for any particular property. Even as they participated in the auction, they were on the phone. “A hundred more. (Gets a look on his face like there’s somebody talking to him on the phone in his ear) Two hundred thirty seven thousand. A hundred more. (Talks mutedly into phone). A hundred more.” That’s what you’ll be up against. There were also a dozen or more others who had paperwork and laptops, but bid rarely or not at all. A fascinating scene, really, and one with which I’d think you’d want to be familiar before actually going down there to bid. One other thing about the auction that surprised me (although it shouldn’t have), and that would be helpful to know before going in, was that they don’t wait around for you to decide. They move very quickly, and as soon as there’s a pause, it’s: Two hundred and thirty eight thousand one hundred going once -(less than a one second pause)- going twice (less than a one second pause) sold for two hundred and thirty eight thousand one hundred. Next.
I’m sure there are other things you’ll want to do, but I don’t know what they are; this is just my two cents on a couple of things.
ParticipantI don’t know anything about how to do title checks, but you definitely want to do that before you buy at a trustee sale. Otherwise you might be surprised to find a lien or something on the house that you’d be responsible for as the new owner.
I would definitely recommend going down to the courthouse to watch an auction before you actually go down to bid. I went down there last week (220 W. Broadway, downtown SD, where many of the local aucions are held) and watched a few hours worth of auctions. There were several very-well-prepared professionals who were in constant contact by phone with their office, where they had other staff counseling them on how much to pay for any particular property. Even as they participated in the auction, they were on the phone. “A hundred more. (Gets a look on his face like there’s somebody talking to him on the phone in his ear) Two hundred thirty seven thousand. A hundred more. (Talks mutedly into phone). A hundred more.” That’s what you’ll be up against. There were also a dozen or more others who had paperwork and laptops, but bid rarely or not at all. A fascinating scene, really, and one with which I’d think you’d want to be familiar before actually going down there to bid. One other thing about the auction that surprised me (although it shouldn’t have), and that would be helpful to know before going in, was that they don’t wait around for you to decide. They move very quickly, and as soon as there’s a pause, it’s: Two hundred and thirty eight thousand one hundred going once -(less than a one second pause)- going twice (less than a one second pause) sold for two hundred and thirty eight thousand one hundred. Next.
I’m sure there are other things you’ll want to do, but I don’t know what they are; this is just my two cents on a couple of things.
September 15, 2009 at 9:01 PM in reply to: What’s your 401K return as of Aug 28, 2009 for the year #457070ParticipantTook my 401k (well, TSP, actually; I’m a government employee) out of the S&P fund when it was at 1259, put it back when it was 852. So, so far this year I’m up whatever the S&P is.
My non-401k portfolio is down 1.7% since I opened it in January 2007, which is pretty good considering the S&P is down 30% in that time frame. (I can’t take credit for that; I have a professional do it.)
September 15, 2009 at 9:01 PM in reply to: What’s your 401K return as of Aug 28, 2009 for the year #457265ParticipantTook my 401k (well, TSP, actually; I’m a government employee) out of the S&P fund when it was at 1259, put it back when it was 852. So, so far this year I’m up whatever the S&P is.
My non-401k portfolio is down 1.7% since I opened it in January 2007, which is pretty good considering the S&P is down 30% in that time frame. (I can’t take credit for that; I have a professional do it.)
September 15, 2009 at 9:01 PM in reply to: What’s your 401K return as of Aug 28, 2009 for the year #457607ParticipantTook my 401k (well, TSP, actually; I’m a government employee) out of the S&P fund when it was at 1259, put it back when it was 852. So, so far this year I’m up whatever the S&P is.
My non-401k portfolio is down 1.7% since I opened it in January 2007, which is pretty good considering the S&P is down 30% in that time frame. (I can’t take credit for that; I have a professional do it.)
September 15, 2009 at 9:01 PM in reply to: What’s your 401K return as of Aug 28, 2009 for the year #457679ParticipantTook my 401k (well, TSP, actually; I’m a government employee) out of the S&P fund when it was at 1259, put it back when it was 852. So, so far this year I’m up whatever the S&P is.
My non-401k portfolio is down 1.7% since I opened it in January 2007, which is pretty good considering the S&P is down 30% in that time frame. (I can’t take credit for that; I have a professional do it.)
September 15, 2009 at 9:01 PM in reply to: What’s your 401K return as of Aug 28, 2009 for the year #457872ParticipantTook my 401k (well, TSP, actually; I’m a government employee) out of the S&P fund when it was at 1259, put it back when it was 852. So, so far this year I’m up whatever the S&P is.
My non-401k portfolio is down 1.7% since I opened it in January 2007, which is pretty good considering the S&P is down 30% in that time frame. (I can’t take credit for that; I have a professional do it.)
ParticipantI love having a water softener. It’s great for your skin. My face was always irritated by shaving until I got a water softener. After that, no problem.
You save some of the money you spend on your water softener by spending less on soap, shampoo, and laundry detergent. Basically a drop of shampoo is enough to wash your hair if it’s short. But the best thing about it is not having soap scum on your skin all day. It rinses off great. And you have NO soap scum in your shower/bath, either. Much easier to keep it clean.
Just make sure that the sacrficial (anodized) rod in your water heater is maintained. Check it and replace it when necessary.
ParticipantI love having a water softener. It’s great for your skin. My face was always irritated by shaving until I got a water softener. After that, no problem.
You save some of the money you spend on your water softener by spending less on soap, shampoo, and laundry detergent. Basically a drop of shampoo is enough to wash your hair if it’s short. But the best thing about it is not having soap scum on your skin all day. It rinses off great. And you have NO soap scum in your shower/bath, either. Much easier to keep it clean.
Just make sure that the sacrficial (anodized) rod in your water heater is maintained. Check it and replace it when necessary.
ParticipantI love having a water softener. It’s great for your skin. My face was always irritated by shaving until I got a water softener. After that, no problem.
You save some of the money you spend on your water softener by spending less on soap, shampoo, and laundry detergent. Basically a drop of shampoo is enough to wash your hair if it’s short. But the best thing about it is not having soap scum on your skin all day. It rinses off great. And you have NO soap scum in your shower/bath, either. Much easier to keep it clean.
Just make sure that the sacrficial (anodized) rod in your water heater is maintained. Check it and replace it when necessary.
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