All Forum Posts by: Mary R.

This was foreclosed on last spring, and offered on the courthouse steps. It didn't sell, and was put on mls at lenders minimum. Still hasn't sold, The price was reduced at least once from that, and is now at auction again. I would be an owner occupant, and would pay cash.
How do I tell them I would be occupying it myself?
When I bid, there is a box to check re cash or financing.
Again, the agent, who couldn't be less interested, said there has been no interest in the property.
Some property listings have a note to investors that cautions them "Investor buyers are prohibited from conveying the property for amount greater than 120% of sales price for a period of 90 days from the date of deed."
That notice is not on this property, so I'm guessing they expect the bid to be higher than what an investor could or would pay.
When I first saw the auction notice, there was no "pre-auction" period. There are 4 days left in the "auction" period.
A couple of weeks ago, before the auction notice, I considered offering what was about 70% of the list price, but didn't want to by just yet. Maybe I should have.

It's been empty for over a year, year and a half. There are few repairs to be made. I would do a few things to it, but only one is necessary and should be done soon, at probabaly not a lot of money. Basically it's in move in condition.
The agent said there has been no interest. The sign in sheet showed 5-6 lookers since early Sept.

I think the house may have a 400sq' addition. How do I determine if the owner got a permit for it? I don't know what year it was done. None of info notes it that I can see--mls sheets or internet, tax history shows the size as the mls sheets, no note about anything being not permitted. Is this something to worry about?

What are banks accepting now vs list price? I plan to offer on an reo sfd that is being auctioned. Is an offer of 65 or 70% of mls price likely to be accepted, assuming I'm not outbid?
This is a house that they've been trying to sell since it was foreclosed in April 2010. My offer is cash.

Got it! Thanks.
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Why is a cash offer preferred by a seller than a financed offer? The seller gets money at closing, whether from the buyers pocket, or the lender. Help me understand why it makes a difference.
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Thanks, Marc.
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A house I want has been broken into and the wiring and pipes are gone.
House, 1 floor on a slab, 2000 sq feet, ranch style, 3 bedrooms, 2 baths, laundry area, 1980's brick house. Holes punched along the walls to pull the wires.
What has it cost you folks (ballpark costs) to replace the wires and the pipes?
Thanks
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My understanding was that 10% of all income was to be given back to God. The first tenth was to be given to the place I saw God’s work being done, and given cheerfully and anonymously.
Not long after that I became a single parent with no support, no help of any kind. I struggled to make ends meet, and kept thinking of that ten percent. I had so little coming in, that I figured giving $3.50 every couple of weeks wasn’t going to hurt me.
An office of the organization (not a church or religious group) that I decided to give to was on my way home from a part time job, so to save on stamps, I stopped each week and handed them the money. For several months it stayed at that, then started to grow by nickels and dimes. It was over a year later before I told them my name.

We did survive, and as a direct result of regular tithing plus planting a little more at times, both kids graduated from top of their field colleges and have successful careers. The first one did it entirely on scholarships and grants, and has no loan debt. The second does have loans to pay, I do not.

Now I am working toward buying my third house. When I sold my properties, and recently my first house, I gave ten per cent of the proceeds to that same organization.
We went from giving $3.50 every two weeks 30 years ago to being able to give over $12000 anonymously one day to that charity.
Yes, I absolutely attribute my successes, our successes, to tithing. I did not do this on my own.

To answer your question, I had no expectation of a return for myself or kids, but there were times I had to move fast to get out of the way so I wouldn't be bowled over by that which was given us.

Wouldn't you agree we received some pretty wonderful Solid Returns?

This one didn't have a link on the mls, but I went to it this afternoon. There was an auction sign. I registered. Minimum bid is listed. It's not far below my top price. But they've been trying, one way or another, to sell this property for over a year so maybe I have a chance. It's been empty a long time.

I have another question. I see on the auction site that there is an hoa fee listed, but this is not in an hoa. What's the agent up to? Taxes due are about half of the amount listed.
I did call both agents and left messages. I'll call again to make an appointment to see it and inspect it.