Obviously, if it is on the Market, contact the sales rep/agent.I hope this begins to help you get a better picture of how you may want to approach the Westchester Market, but do not give up---however, make sure your asking price is within the typical price range of properties bought and sold in Westchester County.

Example: Lake found a brand new home in a great area that was foreclosed on the builder; it was appraised at $268,000 and the asking price had dropped to $34,000.† While it had been sitting vandals stripped out the wiring and plumbing so it needed about $20,000 for rehab costs.† Once restored, the property can be sold to a prescreened buyer for $190,000.

Last REO I looked at (in absolutely terrible condition, but in a so/so neighborhood) sold for well above what the bank had it priced at -- because a torrent of flippers bid up the price!

I am happy to have found this and can't wait to dig in.I have sold over 25 contracts (not properties, we sell paper, Realtors sell properties) in the last year alone on a part time basis.

At the sale the deed is sold to the highest bidder free and clear of everything.

I began with landlording small duplexes and sold them all.During the housing boom I took an interest in flipping until it all went sour.

:violin: It all worked out in the end due to the values skyrocketing - My dream to help the guys failed, but I turned it into a rental and sold it five years later for a good profit.

The most important tool for this activity is your business card, which you should have several copies of available at all times when other people might be around.

They will end up being sold as HUDs or in some way like HUDs.Do you have a link or anything about this proposal?

Can't hurt to do both, point being is don't be sold on realtor hype - but the local realtors no doub thave great knowledge.Perhaps do it in the reverse order so that you have more petinent local questions to ask the realtor on the bus tour.Local REIA is a good suggestion as well.If by emerging you mean not in your traditional big metro hubs and areas that are growing in jobs and population, I tend to think and hear alot about Missouri, Colorado, Alabama, the Carolinas, and of course Texas (but when so many people are touting texas it makes me wonder if prices may be a bit inflated - perhaps it's just BPers that are privvy to the "Texas Train")Nothing like bringing life to an old thread..