All Forum Posts by: Jay Hinrichs

@Nghi Le 

@Account Closed 

Yes this is the actual trustee.. I see were they named their tracking portal usa foreclosure. these are the people you would actually talk to if you were doing a pre foreclosure and were reinstating .... You would not get reinstatement info from the radar one I don't think to be fair I never have been on that site so I really don't know.. But I actually bought pre foreclosures and a lot of them.. I worked with northwest trustee virtually weekly.. We ran checks up to their SEattle office many times the day before the sale.. It was  sprint to get it done.  Calling on the phone won't get it done to many people have cell phones and when they are in foreclosure they usually have other credit issues and are hounded by collection agencies... you can either mail and hope   or pound on doors and close deals.  At least in my experience.

@Nghi Le 

  I just popped on Northwest trustees site.. looks like they have expanded a lot since my day.  Start there and then work outward to other Trustee's this will give you a jump on any investors just relying on the pay services as you will be getting the information from the source not through a aggregator of information.

@J. Brian Walters 

  when your buying low end assets you should expect to buy them as is.. that's why they are cheap and low priced.

just have your contract be subject too your inspections its no big deal.. if they will not let you go into contract and want you to do a home inspection first.. I would think there are major issues with the home and you should just go through it with your realtor first and see if you see anything glaring that stands out. But it is not customary to pay for an inspection without a signed around contract as others have stated.

but if your going to play the low end game then its buy as is and set your price accordingly.

@Eddie T. 

  I am with you man... I think it was great what the cops did and the bait car has got to be a classic... when you hear those kids on the videos you know what we are up against with those that have no respect for authority or the laws of the land.

The Washington DC sting was classic.. you had all these bail jumpers lining up for their Redskins tickets cops would check their ID's tell them they are in just go through the door in the back and get your free tickets .. and the cops just arrested them on the spot and took them to the paddy wagon... I think it was a brilliant move

see below... this is the site you want to go to.. its free.. and its the actual trustee selling the assets. the other companies just republish public records.

I bought all my pre foreclosures =within 72 hours of the sale by door knocking.. that's when denial turns into action. you need to have your cash ready and a good relationship with the title co. and your authorization for them to sign to give to the bank so you can get a payoff from bank or Northwest trustee.. we were on first name basis with all the trustee services there is no reason to pay for this information just find out the trustee services and sign up with them.. they must by law answer your phone calls and or written enquires

northwesttrustee.com

@Joel Owens 

  Great points and so true... ONe of my clients that I fund in Chicago does a really great job.. they take their homes to the studs each and every time... all new plumbing new Hvac new roof new electrical panel and all new wiring Windows usually.. new insulation sheet rock all new cabinets slab granite counters full ceramic tile.  instead of 7k rehabs they spend 40 to 70k plus.. really nice product.

@Karen Margrave 

  I will forward the e mail of the one we just completed  you just need to click on it and it will play on your computer.

@Karen Margrave 

  Happy to do so.. I don't know how to attach anything to this site or any other site that is.. my guys send me a u tube I think.. and I just look at it.. and then I forward the e mail to others. I have one done now on a house I closed last week.

then we have our new build that is going to be on the show Southern Charm that is being professionally done and will air on TV in the south east happy to share that.

I need to start doing this in Oregon as well I have 3 starting on the Oregon coast this month so I can take shots of 80 MPH winds and sideways rain and my crews working in the rain when if they were in CA they would be home LOL... but yes that would be great. and it would be great if someone helped me with how to post this stuff  I got asked to do a pod cast for BP  but I can't do it because I don't know how to do Skype or use a chat thingee or a camera. I just thought they would call me on the phone.. like when I do radio shows.

@Nghi Le @Account Closed 

Nghi  simply go to Northwest Trustee's website just google it.. they handle about 70% of all foreclosures in WA and Oregon.. Although Oregon switch to judicial a few years ago and that cut down drastically on NW T business. they have a very good interactive site.. you log in ... and you can pay for their trustee's guarantee as well if you get real interested.

Please note that there are very strict laws in Wa an OR about buying a home that is in foreclosure from an owner.. It precludes the amount of money you can make on the resale and it also does not allow you to rent back to  the owner who is losing it.  ( at least Oregon is that way) .. Trustee sales in your market are very competitive.. Unless you have much cash you will be up against some major competition.. I would look at outlier counties as well were competition is not so keen.  Just depends on what you want to do with the property once you get it..

And of course you have all the cautions that Minh suggested to think about as well all very valid...

@Account Closed 

in the section of no good deed goes un done I gave Antonio one of my very best marketing methods... I bet we see free cruises pretty soon on his bandit signs... LOL..

but in all seriousness that really works... and its not a novel idea.. I got one when I bought a hot tub in 1986 and used it and then found the wholesaler companies its how cruises fill there boats. plus a lot of people never use them when they win them so the cruise lines make money for certs that are never redeamed..