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All Forum Posts by: Jose Soriano

Jose Soriano has started 2 posts and replied 7 times.

Post: Auction.com

Jose SorianoPosted
  • Sicklerville, NJ
  • Posts 7
  • Votes 3

@Jeremy Tillotson at auction.com it says

Buyer will receive a Special Warranty Deed or equivalent.

  • If you are the Winning Bidder, an Earnest Money Deposit of 5% of the total purchase price or $2,500 (whichever is greater) is required.
  • A Buyer's Premium equal to 5% of the Winning Bid Amount or $2,500 (whichever is greater) will be added to all Winning Bid Amounts to determine the Total Purchase Price.
  • Property is being offered as is, where is.
  • Until the seller's reserve price is met, Auction.com may counter bid on behalf of the seller. Counter bidding gives buyers and sellers more flexibility to find a mutually agreeable price. Counter bids do not occur after the seller’s reserve price is met. Learn more about reserve pricing.
  • So do you think with a special warranty deed it might still be worth it?

    Post: Auction.com

    Jose SorianoPosted
    • Sicklerville, NJ
    • Posts 7
    • Votes 3

    Can someone explain to me the process of the bidding I'm new to this and its confusing for example if it is an REO and the starting bid is 25000 and i bid on that and win is that how much i get the property for or will i be stuck with liens

    Post: RAP MORTGAGE

    Jose SorianoPosted
    • Sicklerville, NJ
    • Posts 7
    • Votes 3

    Raymond B. Yes I'm sorry wrap can you explain to me how it works

    Post: RAP MORTGAGE

    Jose SorianoPosted
    • Sicklerville, NJ
    • Posts 7
    • Votes 3

    Can someone explain to me what exactly is a rap mortgage and how it works? please Also when and how to use it

    Post: Finders Fee

    Jose SorianoPosted
    • Sicklerville, NJ
    • Posts 7
    • Votes 3

    Also how do I go about giving her these leads or how will I know when the deals have closed?

    Post: Finders Fee

    Jose SorianoPosted
    • Sicklerville, NJ
    • Posts 7
    • Votes 3

    ok thank you guys so much mark and joe

    Post: Finders Fee

    Jose SorianoPosted
    • Sicklerville, NJ
    • Posts 7
    • Votes 3

    Ok so I am new to this investing world and I spoke to a woman that if I find her deals or give her leads that she would give me a finders Fee in NJ how much is a usual finders Fee and is it negotiable?