All Forum Posts by: N/A N/A

Are the foreclosure sites scatered about the web an efective tool for an investor looking into that market? :lol:

ARV? Okay, so how much is the bank willing to eat before it goes into foreclosure? Assessed Retail Value? I know house like this one SELL for 205-215K ARV? Okay, so how much is the bank willing to eat before it goes into foreclosure

ARV? Okay, so how much is the bank willing to eat before it goes into foreclosure?

thank you :pup:

OOPS :oops: I thought I was In Local Real Estate Groups forum I tried MeetUp and have posted a RSVP- thank for the headsup :clap: :pup:

The seller lives up the street and has a legal problem with her husband- he's going to jail for a spell- or will surmount legal bills.. The house is listed with an agent at 199K. I was told it will be a short sale. I was told it is a preforeclosure. My limited understanding of a short sale is that it takes longer to close than a traditional sale? Am I missing some vital factor here involving the components of a short sale. The house is newer 2003. I have an offer in at 170K- which was put in 6/16. Have heard back from the realtor saying the bank has 50 or more cases, and that it takes time. The house is vacant. I need this first deal to be a positive experience. Am missing any obvious points :idea: here

BTW I have not spoken to the seller to explain I will try a short sale because I did not understand the "short sale"

thanks- no, the comps average 225K- why say 240k?

Okay, we do our own books but were just puting this bit of information/advice out there-- it came, as I said, from a former account/tax agent :D

Hello-- any real estate groups around here :beer:

Stuck an offer in on a preforeclosure. Did some research and found the sales price in 2003 150,850$. Second mortgage at 55K, they have list price of 199k, I have comparables in the area. I offered 170K

wish me luck :mrgreen: