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How's it going in Ohio?

The laws in your state and in mine are completely different that's why I believe we have two different views on the foreclosure process.. You can read the difference here:

http://www.foreclosureuniversity.com/studycenter/foreclosurelaws/

Well as far as it can not be done, mabey not in Ohio but

1) I am currently working with one in the OC and making contacts with a few in LA. One of the Subjects we speak about is Bulk purchasing for which I have a banker that helps me out.

2) They don't give a rats !@#$%% about the realtors, if they piss one off, who cares there are thousands waiting in line that will happily take over where the other left off.

3) I don't know how much they get paid but I do know that in California the manager gets the property approx 6 weeks after Trustee Sale and the faster they get it off their books the better.

4) In Ohio Opening bid is 2/3 of Apprasial Value in California there is no appraisal proccess or Sherriff (See Laws above). Opening Bid is the Loan amount Plus Fees. I do not chase properties unless they have a minimum of $125,000 in equity. So in Fact my LTV can be as low as 40% on up. Ex: Property worth 550,000 Note worth 350,000 Fees 20,000 I purchase the property for 370,000. I know the Value difference in Ohio and California is pretty hefty and it may seem that I am not telling the truth, so go to Realtor.com and check out the values yourself.

5) I am a Realtor

6) Units are the Fastest road to retirement

7) Prices in riverside are dropping like a Rock it's too scary to buy there unless you are getting a 2000 note or earlier or it's units you want to keep.

8) Truth Never hurts Truthful people, it helps us Grow.

Foreclosureboy

Congradulations to everyone out there attempting to better their lives...

Good Job and I wish you much Success.

My name is Joseph and I track and buy all properties that go to the Trustee Sale on the courthouse steps.

I am looking for investors who are intrested to jump on board a System that is up and running.

I pay all investors on a 50-50 Split. I do all the work and you cash all the checks !!!!

Joseph

Hey Avocado,

If you are looking for REO's in Southern California Give me a buzz or Call and I will set you up on an REO Drip campaign and you will get all REIo's as they hit the market.

I also track all Trustee Sales in LA & Orange county and purchase on the Courthouse Steps.

Joseph

Joseph--(714) 475-5058
[email protected]

Hey Chris,

You're getting me mixed up with somebody else.

I Currently purchase at the Trustee Sale (All Cash on the Spot) in La and Orange County in California. San Bernadino and Riverside for 4-Plexes only.

I don't waste my time with Tax Auctions.

Been to a few sheriff auctions with no luck.

But Back to my first posting, I AM Looking for REO Managers in So-Cal who are intrested in selling the properties before they are assigned to a realtor.

So if you Know one---Give me a Call (714) 457-5058

Thanks Boss

Joseph

Hey Ryan,

It's just like a hard money loan........

I know it sounds stupid............

But it got him asking Questions and permission to do this..........

He gets to loose an REO and his wife gets the loans........

Get It!!!!!!!

As far as a Sherriff's Sale in California it goes like this.

Buy a note from the Sherriff--Pay full price for note get Deed in 30 Days

Buy it for a deficency then you will have to wait a year for Deed.

As far as County Tax in California- All you are doing is buying the Tax lien and the homeowner has 1 year to pay you back with 10% Intrest.

Joseph

Hey Big Jim,

I am currently working with an REO Manager who is currently getting permission for my model in the first message.

Here's my Deal with the REO Manager:

1) Let me bid on the REO before it is assigned to Realtor
2) AFter I Pay Cash they can give me a no-doc no-fico driven loan so that I may pay my investors back.

3) They Get the loan when I Sell because I will pay closing costs.

OR:

1) Let me bid on the REO before it is assigned to Realtor
2) Flip it to a Wholesale Person (nuevo riche club)
3) Pay my investors back.

Joseph

Hi Michele,

Looks like you should kick out a few bucks and get a Servcie. I pay $200 Bucks a month for mine but it gives me 2 Counties.

And remember.....You get what you pay for.

Some Services actually have a foreclosure department on Staff so the data you purchase has been filtered before posting to you so be careful.

Joseph

I am currently looking for REO Managers or people who know them in the Southern California area, to introduce me. I am looking to view these REO packages before they are assigned to a realtor so that I may get an opportunity for first bid.

If you are one or know one please have them give me a call.

Joseph (714) 457-5058

Thanks

Hi Guys,

Sharkbait is a pretty cool software if you plan on spending hours keeping your Data Current.....I'm Talking Hours, upon Hours upon Hours.

Don't bother sending out letters, Take your girl out to dinner with flowers and a song instead, your response will be 100% Guarranteed better.

Letters don't work. If you feel brave go knock on Doors.

Pick out 35 NOD's that you are determined to Persue.
Knock on these doors every other day until you make a contact
or they tell you to buzz off. When you get a buzz off add another one
to your list and keep knocking. You will be successful this way...I am.

I am a real estate agent in the State of California and know all the laws so make sure you Cross Your t'ees and Dot Your Iiiii's

Joseph

Hi Ryan,

You know you hear all these media outlets, Lenders and all these wierdos predicting that the problems are intrest only loans, Option Arms and stuff like that but you know,

I still Door knock on slow days and loans have nothing to do with it!!!!

It's Still the Big Three:

1) Loss Of Job
2) Getting A Divorce
3) Health Problems

Not one has anything to do with an option or intrest only...because the banks are refiing these loans before they get to the end of their rope.

This is from Voice of experience....

So when you hear someone saying it's because of the Loans.....

Call them a Barney for me....Ok......Thanks

Joseph