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Updated over 5 years ago on . Most recent reply

User Stats

75
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15
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Frank Matanane
  • Flipper/Rehabber
  • Port Orchard, WA
15
Votes |
75
Posts

Vestus Foreclosure Group

Frank Matanane
  • Flipper/Rehabber
  • Port Orchard, WA
Posted

Hello BP

Anyone heard of Vestus. They seem to be a Foreclosure Group based here in the PNW. As a newbie, I am looking for various networking groups to connect with and see these guys pop up a lot @ Meetup.com. Is this group any good? Do they charge to be a member? Cant tell from their Website or Meetup pages. Any insight would be great.

Website: www.vestus.com

Meetup.com: Vestus - Kitsap County Foreclosure Investing

Thanks

Frank

Most Popular Reply

User Stats

156
Posts
141
Votes
Tatiana Gershanovich
  • Real Estate Investor
  • Seattle, WA
141
Votes |
156
Posts
Tatiana Gershanovich
  • Real Estate Investor
  • Seattle, WA
Replied

I don't know Vestus personally, just as a name. But I would assume they do business similar to John L Scott foreclosure group. In that case they will charge 3% of the purchase price or tax assessed value (whatever is greater) in case they bid for you on the foreclosure auction and won. Usually these groups meet once a week before the auction to go through the list of the properties going on the auction on Friday and discuss their projections, likes and dislikes of particular property.

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