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Updated over 12 years ago on . Most recent reply

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Luiz Souza
  • Real Estate Investor
  • Gainesville, GA
34
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241
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MLS Good Foreclosure deals are drying up!!!!

Luiz Souza
  • Real Estate Investor
  • Gainesville, GA
Posted

I'm back hunting for foreclosures but apperantly there is a shortage of good deals & the ones available are flying off the shelf with people paying more than I would.
Is it time to break out the We Buy Houses, etc.?
Thoughts plz...

l.Souza-GA

Most Popular Reply

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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
Replied
Originally posted by Luiz Souza:
So... how are SSs easier to deal with than 2yrs ago?.. & what has improved in the process??

Thx

Two years ago, weren't servicers hiring ex-Walmart employees to staff servicing and dispositions of RE? I'd say the learning curve for the lenders, the more you do the better you get at it. Seems, for example, lenders had all kinds or requirements, disclosures, etc. as they implemented SS, I'd say now they have what they really need and are aware of the transactional documents and systems for an easier flow. Overall.....

Additionally, regulators have probably gotten better in making standardized requirements, anything new is usually a snafu....

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