I Found This On This REO Property , Correct Me If I Am Wrong
Foreclosure Information found on public records about this property ,, if you analize everything
FMV on this is 195,000 It needs repairs for $ 11,500 and if you see what I believe but I am not sure that is the reason that I am posting this, it is a distress bank for the time that bank has with this property, I believe that this bank has months with this property , correct me if I am wrong. Now this property is REO by the same bank and maybe I can put a good offer and if you see there advise me if I can not go below 148,000 to tight this deal and possibly they accept my offer with luck.
Person who owned the poperty registered this on the county
Deed of trust: 2/22/2002
Recorded date: 3/6/2002
BASICS
Current Lender
Deutsche Bank National Trust Company
E & D Date 6/24/2004
Original Sale Date: 8/11/2004
Actual sale date: 11/24/2004
CERTIFICATE OF PURCHASE
Deutsche Bank National Trust Company
Actual Sold date: 11/24/2004
After Sale Last Date to Redeem: 2/7/2005
Bid amount: 148,000
Defficiency amount $48,933.09
DEED
Deed date: 3/9/2005
Deed to: certicate of purchaser
Deutsche Bank National Trust Company f/k/a Bankers Trust Company of California, N.A., as Trustee for Aames Mortgage Trust 2002-1 Mortgage Pass-Through Certificates, Series 2002-1
I c, ok, sanjosee, so that house is not a good dea then, if the bank had to deal with the defficiency too ,so the bank on this situation is almost 99% that I will have a rejection and they will not accept at least 148,000 hm.... well, I was asking this, because I know of a guy who waits until it is a REO so he does not have to deal with junior liens to make his offer, I do not talk with this guy anymore but I know that he does that
Committed to one investor, WOW he must be paying them a lot. Every title company around here is more than happy to give out lists, that way if one investor passes the next one might jump on it even if it is a crummy deal.........that translates into more closings.
Hi Eric, it sounded pretty fishy to me too, but hey, sometimes people are anal
What do you say when you ask a title company for a mailing list?
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I would say something like the following....
Hi I am an investor in the area and would like to start marketing foreclosures, or whatever. I was wondering if your title company pulled lists and then offered them to the public, I plan on closing between 10-20 properties in the next year and would like to use your company. What you be interested in my business?
If you got a "no" to that, I dont know what to tell you. Get out of town maybe.
It is my experience that Title Companies are more then happy to provide you with all kind of lists including pre-foreclosure. That is how they get their clients. They even approach you and ask you if you are interested.
Thank you reinatalie and Eric5 for your time and the information. I will definitely try again.
Sincerely,
Sholanda
Quote:
On 2005-04-16 14:22, reinatalie wrote:
It is my experience that Title Companies are more then happy to provide you with all kind of lists including pre-foreclosure. That is how they get their clients. They even approach you and ask you if you are interested.
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