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

Below is an email that I got from my Realtor. Curious on opinions on it.

115DOM on this one.
The tax assessor has this one assessed at $8,051 (1/3) which indicates a fair market value of $24,153. I don't think it would have a problem appraising all the way up to $28,000.

I think the owner would be fine accepting an offer with a short contingency period for partners approval.

Let me know what price you'd like to offer, and I'll draw up the paperwork.

115DOM on this one. - DOES ANYONE KNOW WHAT THIS MEANS??

If anyone is interested he is looking to get about $180,000.00 but I believe it is worth more.

He is just looking to let it go because he can't find any good people to rent to and now has 2 mortgages to pay.

It is a ranch style and I believe 2 bedrooms but the best part is the view of the ocean from the back yard.

If you invest down that way, just shoot me a PM

I am about to check price ranges for that area and type of home.

Also my uncle is VERY handy from plumbing, electric, carpentry, etc so the place I am sure is outstanding.

How late in the foreclosure process can you actually help someone? Is it too late if the property is already on the sherrif sale list?

Hi everyone, I'm a newly licensed real estate agent in eastern CT. I will be a self employed rep. with Century 21. I'm just trying to get my name out there with the investment community. I'm VERY HUNGRY, and a VERY HARD WORKER. I also have a college degree (design/marketing) which I think will be as much of a benefit to my clients as to me. I have owned several homes, and have personally worked on all of them - from sheetrock and mud, to plumbing and electrical. I am also interested in flipping/investing etc.

Here's the situation I could have: I live in Mass. and met an investor online from GA. She has 2 duplexes she is offering for 54500 each. RealQuest had them valued at 82000. 1 unit is already renting for $450/month and she has another tenant lined up for June 1. If I locked these up at this price, would I then go on CL in Georgia and start advertising to assign them for $5000 each building? Being so far away a double closing is out of question. Can I do assignments through faxes without having to go to GA myself?

After reading about Indiana Joe's success with his REO I could use a little help He inspired me to rethink this deal

Found a 3bd 1 ba home on a dead end for a short sale. Owners owe 180K was listed at 135K. Comps from agent show houses selling around 85K...which was my original offer so i lowered it to 75K and submitted that. The bank countered 88,500.

I have spoken with a seller who has a 2,650 sq. ft. with 4br-2ba home with a 2 car garage that zillow says has a value of $260,000.

The bank has said that they will do a short sale for $220,000. Comps in the area are around $200,000.

I have someone who will buy the home on an owner finance for $265.000. The buyer only wants to pay $1,500/mo but is willing to put $35,000 down but they want to put the $35,000 in escrow for 2 years and then re-finance it with a conventional loan.

Hello:

I live in Jersey and don't have enough money to travel there to look at one, so is there anyone who is from there that can help me?

Of course I am not looking to get it at your price I just want to get him a good deal.

He is looking to move somewhere nice on the gulf and spend about $200 cash.

He is coming from Venesuala where he use to own property but since government getting bad he wants to get out. Plus he is getting sick and needs to be close to his family (daughters) and closer to sisters and brother inlaws who live in Canada.

Thank you for any help,

John

Hello to all,

My first post!!! yeah!!

After reading two of Deans awesome books (in a week..lol)and reading countless post, I'm going to ask of someone's advise on the many options that can be used.

I am excessively eager to start now.. My situation is pretty much the cookie cutter of most newbie's whom post.Bad credit,no capitol,no extra money(but willing to risk some monies for the right reasons..(robbing Peter to pay Paul)or (Beg, steal, and borrow..lol).