Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago,

User Stats

80
Posts
9
Votes
Matthew Koch
  • Investor
  • Twin Falls, ID
9
Votes |
80
Posts

Foreclosure info and understanding to confirm purchase abilty.

Matthew Koch
  • Investor
  • Twin Falls, ID
Posted

I would like to get some advice on whether or not this opportunity that I see is  worth pursuing .  I of course will admit that I am Green Round the gills and new to this whole experience .  One thing that I will say  is that  the my untrained eye and the little bit that I dunno  just from the BiggerPockets calculator this opportunity might be worth it but for my personal understanding on the steps on how to approach it  so this is a chance for you to correct me where I'm wrong so I can gain that knowledge and understand this better . This house that I'm looking at is in foreclosure and to be sold on April 9th  and from what I have known and contacted our County Treasurer Office Value at the house last year at 91,623k.

On the foreclosure list that I was looking at the house is for sale, 64k and some change, or at least that's the proper term I imagine it would be " for sale"  perhaps as the starting bid or what is owed on the property to make it current?I'm not exactly sure that's why I'm asking...

 If I write up a purchase-and-sale agreement and say I want to get the house for 20 maybe $30,000. is that actually the price that I'll be paying for the house or who would I still owe an additional $30,000 because the Foreclosure site listed at 64000k?

Loading replies...