short sales: An education on Short Sale, Auction and Bank Owned Properties
- 08/24/08 06:55 AM
The other day I was at the auction marketing a hard money source my team has access too. I met a nice couple that were attempting to buy a specific distressed property. They showed up at the auction with a preapproval letter from the bank, which will not qualify them to bid on properties at the auction. They were mystified, so I pulled them aside and gave them the Distressed property 101 speech. Many people find it frustrating when they attempt to learn something about Short sale, auction and bank owned properties. The writing is not on the wall, you really need an … (0 comments)
short sales: Foreclosure properties or short sales and preforelosure
- 02/15/08 03:03 AM
Foreclosure properties are quickly becoming a "visible" way to make money or build your investment portfolio, but what other options are there and is there a better way...with less risk? In the foreclosure arena, you first need cash, 10% to 25% of purchase price, then hard money may be the only way you can capture the rest of the opportunity. I have no problems with hard money, no problems at all; hard money is a great tool when used the right way. I believe another tool is the process of foreclosure itself, not necessarily meaning buying a property at a foreclosure auction. I believe you can save time, … (0 comments)
The other day I was at the auction marketing a hard money source my team has access too. I met a nice couple that were attempting to buy a specific distressed property. They showed up at the auction with a preapproval letter from the bank, which will not qualify them to bid on properties at the auction. They were mystified, so I pulled them aside and gave them the Distressed property 101 speech.
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