Buying Foreclosures, REOs. Short Sales, FSBO, MLS and More

Can anyone tell me what they have used or would use on a pre-foreclosure postcard or mailing to the home owner to get there interest.

I just came across a fannie mae homepahty property in my neighborhood for 350 month 700 down payment and is sold as is. Its a foreclosure obviously. I called them and they gave me the lockbox code and i physically inspected the property and it needs aloth of repairs including new carpet, paint job, new cabinets in the kitchen, new kitchen floor, bathroom renovation, and possibly new roof and siding. They want 40000 but obviously its not worht that much considering the extensive repair work. My online research indicates the fmv is anywherew between 30000- 35000. I can submit an offer through the agent but what should i offer. I think this property would be good for me as a starter property.

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I am in need of an investor friendly real estate agent in the Portland, OR area that is aggressive.

If you are A Cash Buyer Or Have Cash Buyers Please Contact me by PM's I have 2 deal's that I'm Closing this Friday & I'm looking for Buyers NOW*

My Guy who claims he has Buyers won't respond Back this makes the second time & I'm Tired I"m wanting to Close & I'm Looking for serious Cash Buyers Now .

Not sure If hes doing this Intentionally Because it seems like whenever I Have A deal Locked & ready Hes No were to be Found & When I'm not working on anything Hes Suddenly E-mailing me saying hes ready to do Deals But is never present or replies to my E-mails when I do have deals ready to Close .

So I'm No longer responding to him I'm looking for Serious Buyers .

Ok so Here's My Story Of A Situation I faced When I decided to Cancel A Deal .

So Just before I went off for Vacation to Vegas I had put in A Offer on A Home well I was Out for 5 Days & the Sellers Wanted to close I got home that Monday night & I was told by my Agent that The sellers Wanted to Closed within Just Days so I E-mailed & e-mailed my damn Buyer who I later found out was Off on his own Vacation & So I Canceled The Deal without knowing i wasn't Suppose to Cancel & I really didn't want to .

Anyways this Monday I learned that the Sellers were Threaten to Take action against me for Canceling the deal & For Earnest Cash that was never sent due to me canceling the deal & later found out in the Contract that only the Buyer can Cancel for any reason .

I need help understanding this addendum I got an offer accepted today on a house in a great private community I received the banks addendum's yesterday and one of them says The Buyer shall not be allowed, under any circumstance, to receive funds from the closing that exceed the amount of the earnest money plus prepaid deposits paid by the Buyer. In the event that the proposed HUD reflects proceeds to the Buyer in excess of the earnest money and prepaid deposits, the closing cost credit by Seller shall be reduced so that the Buyer receives an amount exactly equal to the earnest money amount, plus prepaid deposits by the Buyer does this mean I cannot make more of an assignment that my earnest deposit?? I need help with this

I am making an offer on a foreclosure and would like to know if I should put an inspection period in the offer to be able to back out if my buyer decides he doesn't want the property. I have been reading the forums and some say you should and some say you shouldn't. I would like someones opinion on the deal> The comps say the house should sell for $114,000 to $125,000. It is listed for $79,900 and needs $15,000 in repairs. It's not in bad shape. My top offer is $43,600 and I will be assigning it to my end buyer with a double close and transactional funding. I used Matt's offer formula. Everyone here is so helpful! It would be great if someone could give me some feedback?

This will be my 1st deal since getting Dean's new book.

Jo Ann

We were doing our inspection on this Fannie Mae property we locked up for $ 44,300. We found a few things that needed repairs or replacing totalling about $ 1000. We knew that the house needs the roof replaced & figured it would run about $ 5000. To our surprise our 1st estimate was $ 7,500.
We contacted the agent & told him to go back to the bank with the repair cost, explaining that anyone buying the house would have to replace the roof in order to obtain homeowners insurance. The agent told us the next cash bid on the property was only $ 500.00 less than ours; we still wanted him to go in with the roof proposal. Fannie Mae agreed to drop the price of the house an additional $ 3000.00 for the roof problem.

My agent sent me an updated foreclosure listing with a price cut of $15,000.00. It's been on zillow for 140 days. I haven't been in to see it but it looks as if it is in pretty decent shape, maybe some paint and some updating. I ran comps using 5 recently sold houses, same #beds and close on baths, w/in 20% range for square footage and w/in a 1/2 mile radius. The price per square foot on the comps ranged from $100.00 to $157.00 per square foot. Each house sold with in $6000.00 of its zestimate or local appraisal #'s.
The average square foot price from the comps is $128.00 per Square foot which puts the original foreclosure I'm looking at, at $207,872.00. The list price is now at $154,900.00. The zestimate(just for fun) is $216,000 and the local appraisal is $279,000.