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

I have never dealt with a HUD home. I found a home with REMAX not far from me. It says along with Realtor sign to go to hudhomestore.com.
Finally was able to bring up the house and there is nothing said, other than the case # and address. I plan to call REMAX in the morning.
But when I go to their lists of homes, and the when the bidding starts, it says only those owner occupants, non profits and gov't agencies are eligible to bid. And the Asset Manager can remove the home from the market.
So does this mean I can't bid on it and flip it. Sounds like I can't. We can't assign also?
But this house I found is really a nice little place and perfect location and yard. If I could afford it, I would purchase and hold or live in it. But can we rent them out?

I know it's late, but I just broke down & ordered Dean's new book everybody's been talking about! From all the new upcoming success stories, 1st deals, etc. from others, I've started to get motivated again. It's time to get real, get serious, practice what I preach & take action. I'm getting tired of sitting on the sidelines. Info is starting to come back to me, unclear questions have started to clear up & I want to kick fear in the face.

Things are picking up and looking to be a great second year soon. I recently added 5 more deals, here's how it lined up.

#15 A wholesaler did his homework and realized that I had bought and rehabbed a house in the neigborhood that had a house under contract. He emailed me asking if I'd like to buy it at 65k, after looking at it I offered him 60,500 and he accepted.

#16 A lady contacted me from a vinyl sign I had on the back of my car window regarding a vacant house she owned. None of my buyers liked it so I contacted another wholesaler in the area and we agreed to split th profit 50/50. He had a buyer the next morning. It just closed today for a total profit of 7000.

how do i find my old responses to my forums i submitted?
i signed in and i can't find them i can only find my inbox emails.. thanks
also if i want to delete a topic how is this done

I looked up a woman's name in the county records becuase she is in preforclosure. The records show that she received a mortgage back in '05 for 202k, one year later there is a mortgage release, stisfaction document of the same amount. How can she be behind in payments if it's paid off? What am I missing here?

Thanks, James

Great article and video that I thought everyone would enjoy. Everyone needs to be getting in at this time, but I am fine if they don't, more for those that are!

http://money.cnn.com/2011/10/21/real_estate/buying_us_homes/index.htm?ii...

How are you dealing with the issue of lead paint in houses built before 1978? I was speaking to a hard money lender today and he wouldn't loan on a property built before 1978 unless there was a lead paint risk assessment or inspection done.

HI EVERYONE, IN OUR HUMBLE OPINION BOTH MY REAL ESTATE AGENT AND MY ANALYSIS IS THAT OKLAHOMA HAS SUFFER LESS ECONOMICALLY. SO MOST SELLERS INCLUDING BANKS ARE ASKING FOR PURCHASING PRICES FAR ABOVE ROCK BOTTOM. NEEDLESS TO SAY STARTING AS A NEWBIE WHOLESALER HAS BEEN DIFFICULT IN THIS STATE OF OKLAHOMA. MY REAL ESTATE AGENT AND BROKER WHOM I HAVE TRANSPARENCY WITH SENDS ME INFORMATION EVERYDAY ON PROPERTIES. BUT PRICES ARE NOT COMPLIMENTARY! SO I EVEN ASKED MY REAL ESTATE AGENT AND BROKER WHO HAVE YEARS OF EXPERIENCE IN THIS INDUSTRY DO SHE HAVE ANY STRATEGIES THAT WE CAN USE IN TERMS OF GETTING THESE PRICES DOWN.

SO I AM APPEALING TO THIS COMMUNITY FOR ANSWERS TO MY DILEMMA!

THANK YOU IN ADVANCE

I have found a shadow property in my NJ neighborhood and I need a short sale expert to help me get the bank to accept an offer and then for us to split the profit after assigning to my buyers or their buyers. Let me know if you know someone who is good with getting the bank to accept low ball offers and will be able to get them to assign to end buyer. Depending on the offer the bank accepts, there could be potential for a lot of profit, my best guesstimate is $50,000 or more.

According to a San Diego based data firm, there's an average of 8 notices of defaults for every 1000 homes in the state of California for the third quarter...

http://www.bloomberg.com/news/2011-10-18/california-mortgage-defaults-ri...

Learning and progressing every day,
Valerie