Mike Gleneck
Auction Fallout vs. Homepath for Fannie REO's/Pool Sales
This is my first post, thank you in advance for any help.
My parents are very interested in a Fannie Mae owned property that has been on the market for several years. They put an offer in at $90k which was rejected...
Matt W.
Occupied foreclosure in Covid era.
Hi BP, I'm looking into bidding on a foreclosure auction in Wilmington-New Hanover county, NC. Today was the first day of bidding, I can upset the current bid within 10 days. Drove past the house and it appears the o...
Christopher Hunter
4-plex property, 2 people on title
I have a lot to unpack here so please be patient with me. I found a 4-plex property. 2 people are on title, with 1 of them being deceased. I am in the process tracking down the 2nd person. I have called all 6 numb...
Quincy Baker
Beginner Investor, Paying the Contractor
When using a contractor to go in to estimate repairs on a property, how do you pay the contractor for their estimate? Is this an expense as a new investor you must be prepared to cover OOP until you’ve done a few deal...
Michael B.
Help Me Understand Foreclosures (Example Included)
Hi BP. Not too long ago, I took an opportunity to learn a bit about foreclosures. The information sounded interesting at the time, but now that I think about it, I'm having trouble making it make sense.So, say you obt...
Daniel Schiller
GovernmentAuction.com - experience?
Do any BP members have experience buying land from GovernmentAuction.com? I've been eyeing land in Central and West Texas, and they occasionally have some interesting opportunities, but some of them seem too good to ...
Brad Warshaw
Quit Claim To LLC after Auction
I just won a bid on a condo in FL 3 days ago in my personal name. I found out there is a HOA I didn’t know about with a huge balance I am responsible for. If I quit claim the property to a LLC of mine the day I get ce...
Jawad Abro
Sheriff sale “winning bidder gets his bid revoked”
HelloI have been buying properties from the sheriff sale in New Jersey for sometime now. I recently was the successful bidder of a property and when I went to pay the 20% deposit required at the time of winning. I was...
Ariel Rodriguez
Advice on Purchasing my 1st Foreclosure!
Family and I are investing in our first property, in the Central Valley. The bidding starts at $40,000 and the estimated ARV is between $200,000 - $240,000. The town is not the greatest, but it does have the potential...
Vicky S.
understanding HUD process
I was just checking on HUD listings around my neighborhood and saw something that i liked. I did some BP search and understand that you can have a HUD home for as low as 60% of the price. I was more interested in kno...