Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Foreclosures
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 16 years ago on . Most recent reply

User Stats

20
Posts
0
Votes
Joe Finnegan
  • Washington D.C.
0
Votes |
20
Posts

Strategies to pursue a Foreclosure

Joe Finnegan
  • Washington D.C.
Posted

There is a property about 2 blocks from me that is scheduled to be auctioned next Wed. Land records indicate that ~$280K is owed. I estimate as-is value $500K - $575K depending on the interior. ARV is probably ~$650.

Given the current circumstances, how would you go after this property? Talk to the bank now? Wait for it to become a REO?

Edit: Countrywide is the Lienholder. Seems strange to see a forclosure on a house that isn't upside down.

Loading replies...