All Forum Posts by: Thomas Fucci

I am working on a nationwide (doesn't start till 4/30/16) excess proceeds/surplus funds from Tax Sales and Mortgage Foreclosures.  I am looking for independent contractors who want to pick a county in the US that we agree to where you can get a list of tax sale foreclosure or mortgage sale foreclosure excess proceeds lists then determine if the docs I need can be gotten from the County Recorder's office or the Clerk of the Court.  I will teach you how to do this all and it is all realtively easy.  Once you have determined there is a county with a list and a recorder's/official records department you can work with, (there are 2,500 counties in the US!) you would then do your research on a particular property that was sold at auction that has excess proceeds (I will explain that also).  You will then fill out a form and submit it to me with copies of the docs required.  I will finish the doc and submit it to the company.  On average you could be looking at $2,000 per submission that gets paid. On average it is 5-10% of submitted claims get converted/paid so the more submissions you make the more chance you will see conversions.  You get paid when I get paid, which on average, if it converts, is 3 months after submission and acceptance by the company I am working with.   It's a great way to learn about deeds, deeds of trust, liens, judgements, working with the tax assessor's office, the courhouse and the recorders office, all key elements in real estate.  If interested in knowing more, please contact me.   Thanks.  Thomas 

Hi All.  I am putting together a team to help me with research I am doing is for a company that recovers excess funds that have been created through tax foreclosure sales. The research means going to either the Archives on Hill Street in downtown LA and or the Recorders office in Norwalk.  If you have good people skills and good computer skills this is an opportunity to learn about working at the courthouse, deeds, mortgages, etc while putting potential deals into the pipeline.  Thanks.    Thomas 

I am looking to put together a group of motivated people interested in partnering with me who can do research at the archives on Hill Street downtown LA or the Recorders office in Norwalk.  If you are interested in knowing more, please email me: [email protected] 

Thanks,

Thomas

I have a triplex and a duplex in the Hollywood Hills.  Lake Hollywood and Barham area.   Both are full up rented.   

I have a property in Raleigh.  4911 Little Bud Lane.   Would be interested in discussing lease option.  Have a look at the property and let me know if you want to discuss.

Thomas 

@Steven Picker, 

I have a need to get historical data.  Previous title owners.  Realtor,Trulia,Zillow etc do not give.  This site claims to give it.   That's pretty much the only reason I am thinking about using it so if you have a suggestion for a site that gives Title history, please let me know.  Thanks again.

Thomas 

Has anyone any experince using the site HomeReports.org?   Any light you can shed would be appreciated - pros and cons of course.   Thanks to all who respond. 

Thomas

I had a guy who didn't tell me he smoked.  It got so bad the tenant on the other side (side by side duplex) complained about the stentch coming into her place through the attic.  He left.  It took two coats of a Zinzner (sp?) to get rid of the smell.  Then two coats of primer and two coats of paint.  Oh, I forgot to mention I had to have the attic aired with fans.  Took a long time for the insullation to lose the smell.    Not worth it.  But there's really nothing you can do about them lighting up outside.  No matter what they say.  A guest can't have a smoke after dinner?  I don't think so. 

Jose,  

I would be interested in discussing you doing some things for TFMNproperties if you are still interested in learning RE.  Let me know.  

All The Best,

Thomas Fucci  

I had a property with a realtor who waited for the tenants contract to finish. He told me it had to be empty and I had to paint and re-carpet and other repairs/appliances etc that cost over $7,000. Put it on the MLS. Four months and a few open houses later, he tells me he wants to drop the price by $15,000. The house doesn't have a wide margin to work with so when I did the math, carrying it for four months: mortgage payments, utilities, lost rent, gardener, taxes, insurance - if I dropped the price and kept it on the market for another month, or two or three, (or more) I would end up paying someone to sell my house. And I would imagine the broker would've asked to lower the price again. So I put the house back on the rental market. If a wholesaler had come to me at the start, I would have made money. Not a lot, but I wouldn't have lost. A wholesaler will work the numbers of an occupied rental and if they work and you accept the offer he or she is offering, your house will go to more than one cash buyer (this is a good wholesaler) looking for what you are offering. But it's, as always, always in the numbers. Which is why a good wholesaler can get your property sold quickly. I am now both wholesaling and purchasing properties since that experience. There is value in one person having connections with serious cash buyers. Or you can spend a month filling out forms on "We Buy Your House" sites. Pretty impersonal to my mind which is another reason a Wholesaler can be beneficial. He or she understands and if honest and fair, will not exploit the situation. Anyone thinking about selling a home should first look at the DOM average for their neighborhood sold comps and figure the high side of that number when determining all money out, no money in.