Ok so I'm looking for a property for myself to live in.....I currently have one that I bought at 60% of market, so I've got some equity in it......Plan to sell it as soon as i find another place to live.I'm real new to REO's, and was just looking on yahoo and found an REO that just came up in the area I'm looking to move to.Now I did some research, found some info on realtytrac, and the other through my local tax records......says it was sold to Groff Real Estate Investments on 7/30/07 for aroudn 200k.....it just became listed on realtytrac from what i saw (just signed up for the free trial to get the parcel ID)Guessing its too late for me now to do anything?

You can also do the checking yourself, using the county's public records.

Local Market: SacramentoState: CAStatus of current housing market: S L O WInventory levels at record highs for 4 county area...Here is an interesting site that tracks the bleeding ....

From one that speaks to people in foreclosure on regular basis, one repeating emotional trend I see is embarrassment---in general, folks in this position often act too late because they are embarrassed (pride is another good emotional anchor) with admitting failure...Although I don't market to these individuals, I understand the mindset all to well and believe any marketing campaign to these folks should include the following components:- Discretion/Privacy: Give them an opportunity to learn more without revealing themselves initially---offer a white paper or recorded info-message which would allow these distressed homeowners to learn without the need to speak to somebody. - Hope: Too many marketers are appealing to fear---although fear is a compelling emotional trigger, the majority of people don't want to be reminded what they will lose, they want to be reassured that there is a chance for recovery

I can understand wanting to be up front about everything, but the bank knows what is happening when the insurance policy is updated and the free world knows if you sell the property on a wrap note because the deed gets recorded.

After a discussion with the insurance company (recorded) the info was presented to the other site.

Or even using video to record new acquisitions or property for sale?

They call a recording, go see the house, and then call me for the name of my mortgage broker.

Take the emotion out of the equation and we would have record home sales and a record breaking economy!

Many communities will have organizations that exist to support you in your new endeavor.