Good topics to learn may include more information on creative financing, mortgages, foreclosures, reos, deal recaps and updates on new legislation affecting investors, etc. Good luck with REI and thanks for being an active member on the DG website community. Believe and Achieve! - Joe
if you can answer specific questions we post w/o irrelevant information we may already know that will be helpful. Anything that's trustworthy and valuable to us newbies.
__________________
"I will NOT BE BROKE! ANYMORE!"
In the name of Allah, the Beneficent,
the Merciful.
22.He is Allah besides Whom there is no God: The Knower of the unseen and the seen; He is the Beneficent, the Merciful.
23. He is Allah besides Whom there is no God: the King, the Holy, the Author of Peace,the Granter of Security, Guardian over all, the Mighty, the Supreme, the Possessor of greatness. Glory be to Allah from that which they set up (with Him)!
24. He is Allah: the Creator, the Maker, the Fashioner: His are the most beautiful names. Whatever is in the heavens and the earth declares His glory: and He is the Mighty, the Wise.
I watched a house fail short sael, go in foreclosure, go to auction asking $470K. The bank paid $250K for a house they peddle 2 years for 2 times what the market will bear. Now it will go to a broker that will list it at 80% of FMV. Imagine that, FMV $315K means it will list at $250. How do I make a direct offer to the Bank? Write a letter to the deed holding address on the notice of trustee sale?
Is this through a realtor? Because if so the'll submit the offer for you! If not go to the bank and talk to them or go to google and type offer submition form or Bank offer submition form! Im pretty sure Dean has it too. Oh and if you go to your coart house they will give you a list of houses for free! Im pretty sure some of them are not on the MLS.
__________________
~ Grace (If Donald Trump can do it YOU BETTER BELIEVE I CAN!!) btw I drew my display pic
I watched a house fail short sael, go in foreclosure, go to auction asking $470K. The bank paid $250K for a house they peddle 2 years for 2 times what the market will bear. Now it will go to a broker that will list it at 80% of FMV. Imagine that, FMV $315K means it will list at $250. How do I make a direct offer to the Bank? Write a letter to the deed holding address on the notice of trustee sale?
Look in the window of the property; since it has already been foreclosure on, there should be a white sheet of paper posted somewhere in one of the house's windows. There will be point of contact on that sheet of paper; either Asset Managers name or REO listing agent handling the property. Contact them before they put in the MLS if they haven't done so already. Do a search in your local MLS using either a local realtor's website (who doesn't collect your personal info to view the properties) or Realtor.com to see if the property already been listed and if so how many days it has been on the market.
__________________
"I will NOT BE BROKE! ANYMORE!"
In the name of Allah, the Beneficent,
the Merciful.
22.He is Allah besides Whom there is no God: The Knower of the unseen and the seen; He is the Beneficent, the Merciful.
23. He is Allah besides Whom there is no God: the King, the Holy, the Author of Peace,the Granter of Security, Guardian over all, the Mighty, the Supreme, the Possessor of greatness. Glory be to Allah from that which they set up (with Him)!
24. He is Allah: the Creator, the Maker, the Fashioner: His are the most beautiful names. Whatever is in the heavens and the earth declares His glory: and He is the Mighty, the Wise.
My suggestion are REO and Short Sale Listings that we do not have to pay to access.
Sandra
__________________
"You can never get to the top, if you are not willing to climb. Do not look at the difficulty of the climb, only anticipate the view from the top."
"Can't even walk without you holding my hand." (Song)
"Is anything too hard for the Lord ..." Genesis 19:14
"In all things, wait on the Lord."
"Think not of your own deliverance, but trust in God who will give in abundance."
"When you are down to nothing, God is up to something." Unknown
"Our lives begin to end, the day we become silent about those things that really matters." Dr. Martin Luther King Jr.
Hi I am still a newbie myself.....I am looking at this property that is now up for auction' I do not have good credit or any money to put down.....how do I go about getting something like this....or is it too out of the way for me?
or partner venture (where you use someone else credibility w/ bank) to finance the deal. Give them a vested interest in the property through equity split that you both agree upon. HTH
__________________
"I will NOT BE BROKE! ANYMORE!"
In the name of Allah, the Beneficent,
the Merciful.
22.He is Allah besides Whom there is no God: The Knower of the unseen and the seen; He is the Beneficent, the Merciful.
23. He is Allah besides Whom there is no God: the King, the Holy, the Author of Peace,the Granter of Security, Guardian over all, the Mighty, the Supreme, the Possessor of greatness. Glory be to Allah from that which they set up (with Him)!
24. He is Allah: the Creator, the Maker, the Fashioner: His are the most beautiful names. Whatever is in the heavens and the earth declares His glory: and He is the Mighty, the Wise.
The members of this site are so helpful. I would like to know which areas of the country are being hit the hardest with foreclosures. I am from Houston Texas and I would like to know which areas in Houston have the highest numbers.
Offline
Good topics to learn may include more information on creative financing, mortgages, foreclosures, reos, deal recaps and updates on new legislation affecting investors, etc. Good luck with REI and thanks for being an active member on the DG website community. Believe and Achieve!
- Joe
YOU TUBE CHANNEL - Follow me on my You Tube Channel at Joe Jurek Real Estate Investing Adventures
https://www.youtube.com/channel/UCiko62V79zLKX_owbirAYNA
TWITTER - Follow me on Twitter at Joe Jurek CPA
Joe Jurek CPA
https://twitter.com/JoeJurekCPA
if you can answer specific questions we post w/o irrelevant information we may already know that will be helpful. Anything that's trustworthy and valuable to us newbies.
"I will NOT BE BROKE! ANYMORE!"
In the name of Allah, the Beneficent,
the Merciful.
22.He is Allah besides Whom there is no God: The Knower of the unseen and the seen; He is the Beneficent, the Merciful.
23. He is Allah besides Whom there is no God: the King, the Holy, the Author of Peace,the Granter of Security, Guardian over all, the Mighty, the Supreme, the Possessor of greatness. Glory be to Allah from that which they set up (with Him)!
24. He is Allah: the Creator, the Maker, the Fashioner: His are the most beautiful names. Whatever is in the heavens and the earth declares His glory: and He is the Mighty, the Wise.
I watched a house fail short sael, go in foreclosure, go to auction asking $470K. The bank paid $250K for a house they peddle 2 years for 2 times what the market will bear. Now it will go to a broker that will list it at 80% of FMV. Imagine that, FMV $315K means it will list at $250. How do I make a direct offer to the Bank? Write a letter to the deed holding address on the notice of trustee sale?
I will leave that for Grace to help you and she is pretty good at it and getting back to you . She is young and she will do well in this business.
Best of luck !
Paul
Is this through a realtor? Because if so the'll submit the offer for you! If not go to the bank and talk to them or go to google and type offer submition form or Bank offer submition form! Im pretty sure Dean has it too. Oh and if you go to your coart house they will give you a list of houses for free! Im pretty sure some of them are not on the MLS.
~ Grace (If Donald Trump can do it YOU BETTER BELIEVE I CAN!!) btw I drew my display pic
Look in the window of the property; since it has already been foreclosure on, there should be a white sheet of paper posted somewhere in one of the house's windows. There will be point of contact on that sheet of paper; either Asset Managers name or REO listing agent handling the property. Contact them before they put in the MLS if they haven't done so already. Do a search in your local MLS using either a local realtor's website (who doesn't collect your personal info to view the properties) or Realtor.com to see if the property already been listed and if so how many days it has been on the market.
"I will NOT BE BROKE! ANYMORE!"
In the name of Allah, the Beneficent,
the Merciful.
22.He is Allah besides Whom there is no God: The Knower of the unseen and the seen; He is the Beneficent, the Merciful.
23. He is Allah besides Whom there is no God: the King, the Holy, the Author of Peace,the Granter of Security, Guardian over all, the Mighty, the Supreme, the Possessor of greatness. Glory be to Allah from that which they set up (with Him)!
24. He is Allah: the Creator, the Maker, the Fashioner: His are the most beautiful names. Whatever is in the heavens and the earth declares His glory: and He is the Mighty, the Wise.
My suggestion are REO and Short Sale Listings that we do not have to pay to access.
Sandra
"You can never get to the top, if you are not willing to climb. Do not look at the difficulty of the climb, only anticipate the view from the top."
"Can't even walk without you holding my hand." (Song)
"Is anything too hard for the Lord ..." Genesis 19:14
"In all things, wait on the Lord."
"Think not of your own deliverance, but trust in God who will give in abundance."
"When you are down to nothing, God is up to something." Unknown
"Our lives begin to end, the day we become silent about those things that really matters." Dr. Martin Luther King Jr.
Hi I am still a newbie myself.....I am looking at this property that is now up for auction' I do not have good credit or any money to put down.....how do I go about getting something like this....or is it too out of the way for me?
Teescott
or partner venture (where you use someone else credibility w/ bank) to finance the deal. Give them a vested interest in the property through equity split that you both agree upon. HTH
"I will NOT BE BROKE! ANYMORE!"
In the name of Allah, the Beneficent,
the Merciful.
22.He is Allah besides Whom there is no God: The Knower of the unseen and the seen; He is the Beneficent, the Merciful.
23. He is Allah besides Whom there is no God: the King, the Holy, the Author of Peace,the Granter of Security, Guardian over all, the Mighty, the Supreme, the Possessor of greatness. Glory be to Allah from that which they set up (with Him)!
24. He is Allah: the Creator, the Maker, the Fashioner: His are the most beautiful names. Whatever is in the heavens and the earth declares His glory: and He is the Mighty, the Wise.
The members of this site are so helpful. I would like to know which areas of the country are being hit the hardest with foreclosures. I am from Houston Texas and I would like to know which areas in Houston have the highest numbers.
I dont live there so not sure I live in Phx, Az and its getting hit hard in the market but its good to make money in!
~ Grace (If Donald Trump can do it YOU BETTER BELIEVE I CAN!!) btw I drew my display pic