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Re: Selling foreclosure

Posted by Jim V on June 20, 2001 at 0:37 AM

In Reply to: Re: Selling foreclosure posted by Ward-CA- on June 19, 2001 at 12:32 AM

IMHO,
resale should be targeted at 4 months. 1 month for eviction, 1 month for rehab, 1 month for marketing and 1 month to complete the sale. If the market is soft, go with Ward's numbers. Buying is an unknown variable, sometimes a given property will be potentially available for years, other times it happens before you expect it. Build a pipeline of potential properties so you always have something you could buy.


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