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Hi, I am just getting into the REI game. I have been looking at past sales on RealtyTrac. I noticed some houses with an ARV of $362k for example, sold for $3500. (In Portland, Oregon Metro Area). http://www.realtytrac...
There are 2 homes coming up on my local sheriffs sale site that I ma interested in. I was wondering if anyone has ever approached these properties on a purchase before it goes to sale and had success? What worked?
I...
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I reside in Michigan and recently they switched from selling tax liens to tax deeds. I believe this means that we actually buy the deed for the property. Is this correct? How do I find out what the redemption period i...
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Hi Everyone! If I purchase a judicial foreclosure that has a right of redemption, can the previous owner encumber the home with additional liens AFTER I get the bill of sale, but before the 6 month right of redemptio...
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Hi all, I am trying to understand this process as an investor. If I have a line of credit how can I purchase a tax sale home at the courthouse? I understand you use the LOC as cash but what can I do after that? Say...
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any Bp folks activily buying redemption rights in your states? are they worth pursuing in your state.. or waste of time.?
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I have a question about foreclosures. I know that in most states, when a property is foreclosed and goes to the courthouse auction and you are the high bidder, you own the house that day. In Michigan, if someone doesn...
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One property I am checking has been held so long by the bank the right of redemption is up. I am assuming I would receive a general warranty deed if purchased?
This property did not have a bid at online auction, so I ...
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Does anyone have experience at Buying properties at a Sheriff sale? If so, if you win the auction with the highest bid, can you then pay the owner directly and have them redeem the property to you with a Quit Claim f...
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Hello, lets say that the owner is in the redemption period and is willing to sign the deed over to you for $1,000. How does the deed actually actually signed over? Is there contracts involved? Thank you!