All Forum Posts by: Alex R.

It's not about the source, it's about the deal.

:)

Does anybody know of current status of florida versailles house ?

interesting movie indeed.

I never heard of David Siegel before watching this. But the name "Westgate Resorts" sounds very familiar.

Joshua

I can think of a documentary that will fit in this list:

Biography - Donald Trump - Master of the Deal (2003)

I just watched "Pacific Heights" and it wa s a great movie.

It shows how important it is to choose the right tenant by doing the full proccess and don't let them fool you with their nice cars or clothes.

I am just watching the movie “the money pit” and I was wondering if there are other movies with a story line about real estate

Generally speaking correct except for the fact that this can not be a short-sale.

In a Short Sale situation, the home owner's name is still on title of the property and they are the official owners who are trying to sell the property. In a foreclosure, the lender takes possession of the house and as a result, the homeowner is no longer a party in the sale.

My thinking is because REO only happens when all previous steps fail (short sale - prefoclosure – foreclosure – auction - ) then there is a better chance and higher probability of a low offer being accepted.

Is that true or false?

So technically speaking, what we see in that link is actually a REO and not a forclosure ?

There are some websites that list properties for sale as Foreclosure.

Meanwhile I read that:

Foreclosures are NOT sold by Realtors. Foreclosure properties are auctioned at a Trustee Sale at the Court House in the County where the property resides. Foreclosure properties must be paid for in full, with a cashiers check at the time of the auction

Aren’t they supposed to be auctioned off at a court house and not in a website?

Or are they actually REO properties that are mistakenly listed as foreclosure?

Here is an example:

http://www.ziprealty.com/property/406-MCKELVEY-AVE-BAKERSFIELD-CA-93308/4914299/detail