All Forum Posts by: Shawn Goh

Seems like no one is willing to share the secret here with us. I see like a hundred properties sold below $100k in san jose alone. there must be many realtors and investors who know how this is done. But they are keeping this to themselves and not no one is sharing it. I thought this is what this forum is for. 

I checked public records. all of them just say Grant deed. didn't say what happened, how it happened!

Thank you both for you input.

Jay, you said you have done these recently. Can I know what kind of transactions are these? How can I buy one of these?

Hi, this is my first post. I was told by a broker that nowadays foreclosures and short sales don't provide much of the expected discounts from retail price. For places like south bay where average 3 bed 2 bath house is over $800K, I'm surprised to find over a hundred properties sold for under $100K in Zillow for San Jose, some even below $10K! How is this possible? I don't think foreclosures and short sale give that much discounts. Neither does auction bidding. Are these non arms length transactions, selling to siblings and cousins or questionable deals? I doubt as they will be called out. Someone please enlighten me, for someone looking for something affordable to own. 

thanks in advance!

Shawn