The Different Seller Types

[Javon Varona]

So I was speaking to my friend who has been successful in RE for 11 years now, and over the years now does a lot of flipping and re-habing. He we was speaking to me this afternoon and some specific terms he used I didn't understand. I know, why didn't I ask? He is a father, it was early and the little one was crying, so I didn't want to keep him. Not to mention I know I can count on you all. :)

So in particular we were speaking of different types of distressed sellers and here are a few that I took notes on but cannot figure out if they are the type of sellers I want to target or exactly what they mean:

- Estate Sellers

- FLBO

- Neg. Assessment

-Notice of LP

- Notice of Sale

- NOO Out of state

I'd appreciate if any of you wonderful people can chime in. That would be much appreciated.

Thanks guys and gals,

Javon