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

Here are some key questions to ask:

1) ask if they are activley Investing @ this time?
2) What level of Rehabs are they comfortable with?
3) What type of properties are they interested in: single family residences, multi family, commercial, multi units, etc.
4) Approximatley how much capital are they working with?
5) How many real estate transactions have they done?
This is probably the MOST important question-
6) How quickly can you close?

I was reading the CA law on this topic and the language would seem to indicate that a wholesaler could be considered as a foreclosure consultant; is this accurate and what are the things to watch out for when wholesaling in CA?

I would like to get started assigning properties here in CA but need to fully understand the legal implications first. If I were to sign a purchase agreement with the seller and then sell this to an equity purchaser in an assignment contract would I be considered as a representative of the equity purchaser under CA law? If that is the case I would need to have a real estate sales license under CA law.

hey all, just getting back into reale estate and wanna concentrate on pre forclosures, forclosures or tax sale. i cant find any info on tax sales tho. i figure this would be the best option for us but i dont see it pasted all over this site like i think it should be? OK i already know my way around realestate and wanna just jump right in. i am gonna try and get a home equity line of credit so i can have some sort of pre approval goin in before i get started. best way to do that?

All of us on here know the importance of using and/or assigns on our purchase contracts, if we are planning on assigning them, but do you know how to use it and get it accepted without question or rejection?

As I write this, I a m speaking strictly from personal experience, because EVERY purchase and every offer, I have made, has read "and/or assigns". By now my agent knows to not even prepare the offers without it because I won't sign them.

Hello,

Okay How do I find the bank of an REO. I found a listing on the forclosure alert finder and found a home, got the listed information, called the trustee and the told me it had gone back to the bank, I asked who they had listed a the bank, it was the same info I had, she did not have a phone number but gave me the address, called information and they did not have this bank in their directory.

Should I go to a Realtor?

My husband has his own Home Remodeling Co. can I use his LLC as I buy and sell properties or do I have to file for a separate LLC?

In the New York Post an article on new foreign investors with DEEP pockets are soon to target single family homes in foreclosure across the USA. Will the American investor soon be in a panic-mode?

I have found a financial institution that only does back to back closing, but I am not really that familiar with it. Is this easy or hard to do? And what is an A to B transaction and B to C transaction. Because this company fund 100% of the amount required to close the “A” to “B” transaction.

1)total amount of All liens recorded against the properties title.
2)lenders loan loss mitigation department.
3)borrowers current financial condition.
4)type of loan in default.
5)current status of the loan in default.
6)properties AS-IS market value.
7)properties AS-REPAIRED market value.
8)local economic & real estate market conditions.
9)just another lesson from your boy: SULLY CLASS DISMISSED.