All Forum Posts by: Lizina Green

Does anyone know of a real estate friendly bank near Myrtle Beach SC area?

Thanks

Thanks. I have contacted the seller and she does not seem to want to even deal this house.  Should I contact the lawyer for this case and try to negotiate?

Thanks

Does anyone have any tips/advice when negotiating with a bank to obtain foreclosure at the best price?

Thanks

I have analyzed the property and feel it would be a good deal but of course at the right price. I will let everyone know what happens. Any tips when negotiating with a bank.

Does anyone know the percent at which Suntrust likes to for the short sales or foreclosed properties?

I had heard Brandon mention this on podcast, that banks like to make a certain percentage back on short-sales or foreclosures.

I am gathering info. I will let you know the details. Only thing I tell you from latest sales of homes in the area in the past 6 months according to Zillow is 295 to 455K. Only thing I know is the standing mortgage balance is $286K not counting interest and the other liens. The bank is JP Morgan. I would have to talk them down quite significantly to get a deal. Not sure how low banks are willing to go.

I didn't have much luck getting any information via phone with my local water and electric company. I will have try in-person.

I contacted the attorney and the property still legally owned by the owners (who have long left the property) however there are 3 liens totaling approx. $300K. I could negotiate this but this would not be a deal since property of this size are selling between $270 to 350K. However, it will come up in early 2015 on the foreclosure sale.

Nice list to start my REI library.

Looking to acquire 2-4 fix and flips in the next 1 year then transitioning into buy-n-hold. Welcome any advice, wisdom, and leads. Thanks