buy foreclosures at what the bank pays: Can You Buy Foreclosures at What the Bank Pays For Them? - 10/07/08 06:13 PM
If you watch foreclosures, as I do, you notice that banks always submit the opening bid right before it forecloses on a property. Now a buyer could attend the Trustee Sale(Auction) and overbid the bank's opening bid and win the home. You see that happening in about 3% of all forclosures for just a penny more than the opening bid. However, there is no guarranty that the title is clear, and it probably is not. Therefore, the gamble may be too great to bid at a Trustee Sale. But wait! Suppose I can track that foreclosed property through the entire foreclosure … (3 comments)

 
Allan Ephraim (RemaxPV Realty)

Allan Ephraim

Rancho Palos Verdes, CA

More about me…

RemaxPV Realty

Address: 63 Malaga Cove, Palos Verdes Estates, CA, 90274

Office: (310) 541-6389

Mobile: (310) 489-4458

Email Me

I am full time Real Estate agent covering the South Bay in So Ca with over 25 years sales experience in negotiating and preparing a marketing strategy for finding, purchasing or selling a home.


Links

Archives

RSS 2.0 Feed for this blog