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Re: hoa lien sales

September 30, 2015 08:08PM
related: one of my best deals was a condo I bought via trustee sale on first mortgage. Before I bid, peeked in windows, lots of drywall repair,new tile, but condo basically gutted. After I bought a neighbor told me the condo suffered a big water leak. I thought I was screwed.

It turned out the previous owner vacated the condo when it had a water leak several months ago. The HOA was anxious to make forward progress on the condo, so they initiated a water claim with their insurance. The condo was 50% rehab'd when I acquired it at trustee sale. When I bought it, I met with the HOA manager, he said "no worries, your condo rehab will be completed by the insurance company within 2 weeks".. Sure enough, I had a buffed out condo in 2 weeks at zero cost to me. Flipped it, made fat cash.

No worries, be happy..........
Subject Author Views Posted

hoa lien sales

bob 2687 September 23, 2015 07:48PM

Re: hoa lien sales

Trebor 1538 September 24, 2015 08:25AM

Re: hoa lien sales

Bill H 1470 September 25, 2015 09:17PM

Re: hoa lien sales

Island Time 1547 September 30, 2015 08:01PM

Re: hoa lien sales

Island Time 1525 September 30, 2015 08:08PM

Re: hoa lien sales

CCinOC 1371 October 15, 2015 09:06PM

Re: hoa lien sales

Dond 1427 October 23, 2015 09:05AM

Re: hoa lien sales

DaveSoCal 1397 November 06, 2015 04:58PM

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