All Forum Posts by: Sin Hang Lai

@Mat O'Grady I've been keeping an eye on that list for awhile and the frustrating part is a few days before the actual auction, the auction would be cancelled. Is that usually because the owner of the property somehow found enough money to make a mortgage payment with the bank - and therefore delay the process a little bit longer? Or is it a matter of the bank itself not wanting to bring it to auction?

@Jeff Riewer  ... are you saying that was on Auction.com? 

@James McGovern Sorry I've never actually made a bid on auction.com. 

@Franklyn Gutierrez where did you end up? 

In general, I grew up in Greenwich and now live in Norwalk. I would recommend you look at a town like Trumbull. 

Yes I live in the same county (Fairfield County, CT) ... but I don't know where to look. I feel like everything operates in a per town / city basis here.

Hi, I'm in Connecticut. We can look up the list of eligible foreclosure auctions on a state website. In-person auctions are on Saturdays at noon. Then after they happen - either sold or unsold - the listings will disappear from the state website. Does anyone know how I can look up the results? I mean I guess I can just wait and stalk the property's zillow / trulia listing and wait for the data to update.

Hi, I grew up in Greenwich and saw your post.

Just a few thoughts ... definitely NOT professional high quality comments.

1) I have been enamored by the idea of prefabricated / modular homes. And if you intend to tear down your house, it might be more economical, efficient, and less environmental impact if you "order" a home and have it delivered and put on the property.

2) I've heard that Greenwich has been in a housing slump. I think it has to do with tax changes and in general people are leaving for the Southeast.

3) I think if you have a waterfront property and it can be redeveloped, you can probably find a property developer and sell it to them. These companies attend auctions (tax or foreclosure) to identify opportunities, look for bargains, fix them up nice and then sell them.

My opinion is that if you have a timeline to leave ... I wouldn't dump more money into it. Someone will see the potential by the water.

I'm guessing you are picking a difficult weekend for people to read / respond to you. Normally, if you have time, I suppose one way to meet private lenders might be to go to a local real estate meet up. You can also do general Google search for Connecticut hard money lenders ... I know I've see a Craig's List ad by Rogers Mortgage ... you can look them up online too. TOTALLY NOT AN ENDORSEMENT. Out of curiosity, I am interested to know the amount of money you are looking for, length, and terms. Feel free to private message me.

Hi, I have been monitoring some auctions on the site for fun. I echo all the previous comments. One thing I want to add is that towards the end of an auction, I think if either the bid price is near the reserve OR the bid price already met the reserve, Auction.com will decrease the increment amount to encourage more bidding. Also, if there is a bid within a certain amount of time before the end of the auction, the platform will also extend the auction ... obviously to encourage more bids. Good luck.

Hey, I'm new too. Check out this meetup group in Fairfield County area

https://www.meetup.com/Connect...