Auction 2 Weeks Away ! Advice
Hi everyone at TCI. I've been lurking for awhile and appreciate all of the insightful responses. OK ... on to the question....
I am looking at 2 California properties that are listed for auction in 2 weeks. They are both PAST the 90 day NOD stage.
1) Is there any deal that can be made before it gets to the sale, or is the auction a sure thing at this stage?
2) What's my strategy for financing the deal. I have ~$75k home equity and have a good stable income ~100k/yr.
I've been concentrating on pre-forclosures up till now, so this is a little foriegn to me now.
Thanks,
N
N,
1) Things can happen any time up until it is sold, even in the morning of the sale. Nothing is sure thing.
2) If you are reffering about buying at the auction, you have to bring the fund to the auction. They want to see the money.
Hope this helps.
whyK-CA
Number of foreclosures in the area has nothing to do with how good your investement is, given of course that you are comfortable with the area you are investing in.
Hi,
Long Beach also has good and bad areas, same as Compton, but I think more people would like to live close to the beach and you can always find the buyer for that price range. Good luck.