Real Estate Agent · Orlando, FL · Member since 2017 · 1k+ posts · 2k+ votes
8y
@Steven Young While I don't know the answer to your question you should really google this before asking here on the forums. I understand the process in Florida and now Colorado but I learned it by googling.
Real Estate Agent · Orlando, FL · Member since 2017 · 1k+ posts · 2k+ votes
8y
@Steven Young While I don't know the answer to your question you should really google this before asking here on the forums. I understand the process in Florida and now Colorado but I learned it by googling.
Flipper/Rehabber · Member since 2018 · 3 posts · 0 votes
8y
@tyler Gibson i was asking a question to get to get any specifics or just some tips going into the process. im not a dumbass of course i googled it.... anything else?
Flipper · Anna-TX · Member since 2017 · 71 posts · 76 votes
8y
@Steven Young,
I have attended an auction (Dekalb county) and what I could realize is: As it is a redeemable deed State You gonna buy the property and only will be able to gain possession of it after a year (redeemable period) - also going to take some extra days to deal with the foreclosure process. Besides that, the value bidders were paying in the properties was - in some cases - near 90% of ARV. I believe that these bidders were more interested in the 20% interest (in case the previous owner redeem) than in the property. Keep in mind that during this time, the previous owner keeps the possession of the property.