Comments on: info needed on foreclosure properties? http://1worldrealtyllc.com/foreclosure-properties/info-needed-on-foreclosure-properties Buying, Selling and Renting Houses and Apartments Mon, 21 Jun 2010 01:30:03 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: afiesha s http://1worldrealtyllc.com/foreclosure-properties/info-needed-on-foreclosure-properties/comment-page-1#comment-2807 afiesha s Tue, 09 Feb 2010 05:23:59 +0000 http://1worldrealtyllc.com/foreclosure-properties/info-needed-on-foreclosure-properties#comment-2807 Hello, let me direct you to this site, it will best answer your questions surrounding for closure, short -sale and things of that nature. Good luck. http://www.shortsalecomplete.com/?utm_source=blog&utm_medium=blog&utm_campaign=shortsalecomplete<br><b>References : </b><br> Hello, let me direct you to this site, it will best answer your questions surrounding for closure, short -sale and things of that nature. Good luck.

http://www.shortsalecomplete.com/?utm_source=blog&utm_medium=blog&utm_campaign=shortsalecomplete
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]]> By: john c http://1worldrealtyllc.com/foreclosure-properties/info-needed-on-foreclosure-properties/comment-page-1#comment-2806 john c Tue, 09 Feb 2010 04:42:59 +0000 http://1worldrealtyllc.com/foreclosure-properties/info-needed-on-foreclosure-properties#comment-2806 True, the general real estate market is down, but it is nowhere near the point that "short sales" of this magnitude have happened more than a few times. A good comparison would be your own job. If your company asked you to accept a 50% paycheck in order to keep your job, would you do it and how many times would you repeat it? It doesn't take much reflection to realize this not a sound business strategy. The best way to find anything near this level is to do it yourself. Contact the banks and mortgage companies in your area and ask about in house properties on the market. They will be much more motivated to negotiate if their own money is on the line. The most important tool here is your down payment. The more you have, the more inclined they will be to replace immediate income with a static debt. The prime shortcoming of seller financing, rather than a straight cash offer, is that it will reduce your bargaining by ten percent or more because you will be offering a partnership instead of a buyout. Try to arrange tentative financing with at least one of the companies that do not have properties meeting your criteria. Good Luck.<br><b>References : </b><br> True, the general real estate market is down, but it is nowhere near the point that "short sales" of this magnitude have happened more than a few times. A good comparison would be your own job. If your company asked you to accept a 50% paycheck in order to keep your job, would you do it and how many times would you repeat it? It doesn’t take much reflection to realize this not a sound business strategy.

The best way to find anything near this level is to do it yourself. Contact the banks and mortgage companies in your area and ask about in house properties on the market. They will be much more motivated to negotiate if their own money is on the line. The most important tool here is your down payment. The more you have, the more inclined they will be to replace immediate income with a static debt.

The prime shortcoming of seller financing, rather than a straight cash offer, is that it will reduce your bargaining by ten percent or more because you will be offering a partnership instead of a buyout.

Try to arrange tentative financing with at least one of the companies that do not have properties meeting your criteria. Good Luck.
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]]> By: Holly R http://1worldrealtyllc.com/foreclosure-properties/info-needed-on-foreclosure-properties/comment-page-1#comment-2805 Holly R Tue, 09 Feb 2010 04:13:59 +0000 http://1worldrealtyllc.com/foreclosure-properties/info-needed-on-foreclosure-properties#comment-2805 The price is totally up to the bank. If they really want to get rid of it they will often sell it for what is owed on it (which can be half the market value I suppose). You can finance foreclosures, but they are pretty strict about the minimum 10% down payment. There are few ways around that. There are MANY websites that show foreclosed properties...but most of them require a paid subscription. An agent can also help you with this, but they aren't wild about it because there is little if any money to be made.<br><b>References : </b><br> The price is totally up to the bank. If they really want to get rid of it they will often sell it for what is owed on it (which can be half the market value I suppose). You can finance foreclosures, but they are pretty strict about the minimum 10% down payment. There are few ways around that. There are MANY websites that show foreclosed properties…but most of them require a paid subscription. An agent can also help you with this, but they aren’t wild about it because there is little if any money to be made.
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