All Forum Posts by: Stephanie Fay

I'm pretty savvy when it comes to searching and researching pubic records. That said, does anyone have any tips for me? Anything you finally realized after dozens upon hundreds of hours pouring over the county clerk, tax collector, and property appraisers sites? I'm looking at a specific property that is going up for auction. It was handed back and forth half a dozen times between people, entities and LLC's, so my head is swimming trying to get a hold on the info. Looking for any tips that will help out! PS - it's Sunday so I will be calling all the appropriate departments and the like tomorrow to get some answers. PPS - the house is vacant and has an "unsafe" notice on the door.

never mind everyone.  i'm finding all I need. 

PS.  this purchase is in california

we have our eye on a place and are told that the foundation needs repair.  the seller is willing to pay for, fix it, and line it up to convene with the close of escrow.  we are not using a buyers agent.  can someone give me a quick link or let me know the best wording to use having to do with stipulations of said repairs being made, and upon satisfactory completion buyer will...ya-da  ya-da  ya-da

thanks

Thanks.  That was my assumption, but I'm taking care not to make assumptions of any kind this early in the game.  Thanks again

Hi Steven,

Can you explain this just a bit further. I have been studying REI for about 6 months and have decided it would in fact behoove me to get my license, so I'm just at the very beginning with the pre-exam course(s).

I too live in California, so let me know if your statement is cali specific or not.  thanks.

Stephanie Fay

I've done some research in buying a house in Baja.  Any insights I may have not found in the standard Google searches?

Hi guys,

thanks for the input. Yes, the deed auction is where I should be if I want to acquire. I looked at some of those sites last night (realizing I'd been on them in the past already). It's not really my goal to obtain thru the liens, but accept and am aware of the possibility. I see the lien certs as a no brainer on returns and a sort of soft way to get my feet wet with REI.

Jerry K., I'm looking at Monroe County.  They don't seem to do (many if any) deed sales, and so for deeds I'd be looking at Broward.  Also, thanks for the links.  I'll check 'em out.

Stephanie

That's right.  I need to keep reminding myself that part of the deed process.  I don't have priority over other bidders.  And my money I put up to APPLY can get lost if someone outbids me at auction. 

That's the part I can't get to sink in.  I listened to a podcast recently and the guest was asked what the negatives are.  He didn't even mention that part. 

So that leads me to this...how do I find out when a property has gone into the deed application process, and become one of the general public bidders; placing a bid with out having to put up the application money.  I may have found it, but not sure...

On this counties' tax collector site, you are able to search "Deed Status" and sub search, "Applied".  A list is produced, but when you click on it to get information, it says to please contact the tax collector for information on this account.

Is this that?

Thanks again for all your advice.  I feel like I finally have enough information to have a conversation about this to help me make the right choices.

Thanks for your reply Wayne.

Yep, I know what would be expected of me if the property doesn't redeem.  In that case I'm actually not opposed to following thru with the deed application and acquiring the property.  From what I can tell, that process is not too often carried out, and it's actually kind of my strategy for acquiring.  That being said, I am trying to carefully choose which property to bid on, and only consider properties that, if it comes to the final step, wouldn't leave me high and dry.