For those of you currently buying at the courthouse steps in CA: How much would you pay for the same house you were going to bid on at sale if you could, instead, buy it from me? The benefits of escrow, title insurance, pictures and/or inspection, vacant property with no tenants or former owners to deal with. How much is that worth to you? Be honest. :) http://www.foreclosureforum.com/board/read.php?2,264,264#msg-264 Fri, 09 Oct 2026 19:14:38 -0700 Phorum 5.2.15a http://www.foreclosureforum.com/board/read.php?2,264,306#msg-306 http://www.foreclosureforum.com/board/read.php?2,264,306#msg-306 Kristine-CA Foreclosure Forum Mon, 21 Nov 2011 13:49:38 -0800 http://www.foreclosureforum.com/board/read.php?2,264,304#msg-304 http://www.foreclosureforum.com/board/read.php?2,264,304#msg-304 MTI Foreclosure Forum Mon, 21 Nov 2011 07:44:36 -0800 http://www.foreclosureforum.com/board/read.php?2,264,302#msg-302 http://www.foreclosureforum.com/board/read.php?2,264,302#msg-302
True about the short/reo price becoming a comp, but in my farm, the rehab re-sales are 90-120 days out and sellers are getting their price. So, it appears the comp issue is being treated fairly by appraisers/lenders.

I've always flipped my properties to rehabbers, but now I'm thinking of doing the rehabs to make them retail ready, especially the more cosmetic ones. So many crews are available for work, and I have decent private money, so I feel less need to rush the sales. Interesting times in RE.]]> Kristine-CA Foreclosure Forum Mon, 21 Nov 2011 07:38:47 -0800 http://www.foreclosureforum.com/board/read.php?2,264,299#msg-299 http://www.foreclosureforum.com/board/read.php?2,264,299#msg-299 I agree it may be better than the 5% I mentioned, however it seems like (even today) trustee sale buyers have a better likelihood of getting a great deal versus an average deal. Also, we have struggled to get as much as we expected on the back end when flipping REO's/Shorts because buyers seem sophisticated enough to nitpick every dollar we spent on the property because they have typically seen the property already. Also, our purchase of the REO/Short sometimes ends up being a comp for our flip sale. I think some areas are affected by this more than others however. Overall, the trustee sale provides more risk but more POTENTIAL reward. Kristine, is your farm san bern county?]]> MTI Foreclosure Forum Sat, 19 Nov 2011 15:07:40 -0800 http://www.foreclosureforum.com/board/read.php?2,264,290#msg-290 http://www.foreclosureforum.com/board/read.php?2,264,290#msg-290
Seriously, a vacant property with pictures/inspection and clear marketable title? Isn't avoiding eviction/cash for keys and/or 90 days for bona fide tenants and the chance to start the rehab the next day worth more than that? Thanks for your thoughts. Kristine]]> Kristine-CA Foreclosure Forum Fri, 18 Nov 2011 18:06:41 -0800 http://www.foreclosureforum.com/board/read.php?2,264,288#msg-288 http://www.foreclosureforum.com/board/read.php?2,264,288#msg-288
We do sometimes buy REO's and short sales and are willing to pay
5% more to have title insurance. Getting a look inside the house is also worth something.]]> bukzin Foreclosure Forum Fri, 18 Nov 2011 06:22:55 -0800 http://www.foreclosureforum.com/board/read.php?2,264,271#msg-271 http://www.foreclosureforum.com/board/read.php?2,264,271#msg-271 MTI Foreclosure Forum Tue, 15 Nov 2011 07:56:20 -0800 http://www.foreclosureforum.com/board/read.php?2,264,266#msg-266 http://www.foreclosureforum.com/board/read.php?2,264,266#msg-266 mikebick Foreclosure Forum Mon, 14 Nov 2011 00:07:13 -0800 http://www.foreclosureforum.com/board/read.php?2,264,264#msg-264 http://www.foreclosureforum.com/board/read.php?2,264,264#msg-264 Kristine-CA Foreclosure Forum Sun, 13 Nov 2011 20:28:12 -0800