Auctions or REOs

[Eric N.]

This is my first post. I have been in the RE business since graduating from college. The past 15 as a loan officer with dabbling in building 12 years ago and flipping home right out of college 20 years ago. The discussions I read hear are better and more interesting than talking to 90% of the people in this business who are simply trying to sell something to someone most of the time. So the question comes down to REOs or auctions. During the boom time in lending I paid all my debts, and I sold my home at the top, banked the dough, and am currently renting. I can easily determine whether the loan at the trustee's sale is the first using the county website. But is there a way to find out if a tax lien is present? I am thinking about pursuing REOs also, but for now with the time I have I will start with auctions. Once again to everyone who posts here, nice job!
This is fantastic! Truly informed discussion has been hard to find.

[Diane J.]

Welcome to BP! The big players here recommend you attend a few of those auctions before jumping in and they will take most of your time in due diligence.

REOs in the mls are much easier. Submit your offer and wait. And wait. And wait. :lol:

Good luck!