For a Moderator on another forum I am surprised you don’t know what "Over-Leveraged" Means...Since you’re buying them at "pennies" on the dollar you aren’t over leveraged...

If you start with your maximum offer and the seller counters you have to walk away.As far as the seller laughing, you might be surprised.

And for the liens, that can get cumbersome, but at least get a FINAL lien release when the job is done and you have paid them 100%, so there are no surprises later on.

You would be surprised about the entry level in NYC (the 5 boroughs), it always seems that people think you have to be a millioaire to invest in the NY market.

I wouldn't be surprised if the rate ends up being higher, as the 4.25 seems to be at market.

To be honest, we were surprised but it never hurts to ask.

It would be easier for me to notarize at my convenience and hold in my files until needed, but I wasn't sure if a "stale" reconveyance would cause problems with the release or my pay off (assuming there would be interest due past the signed Reconveyance date)?

Did you account for surprises in your 25K repair assessment.

Naturally we'll fluctuate somewhat, but I wouldn't be surprised if it hovers around there.

People might get the wrong idea of what kind of business you're in or might want to relieve your of your baggie.Another bidder i saw had a large manilla envelope filled with $100, at least it wasn't so transparent.People get carried away at auctions and often bid retail or near retail prices and there always seems to be big money in the room, so your experiences don't surprise me.