InnoVest Resource Management's Foreclosure Forum

Discussion Board Foreclosure Training Title Holding Trust Speaking Schedule Foreclosure Codes 50 State Foreclosure Basics Foreclosure Glossary 60+ Yrs Interest Rates News & Trends FAQ Dingbat Retirement Plan Links Contact / Map Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Little money will give you little chance Posted by Ward-CA- on February 19, 2002 at 7:04 AM In Reply to: LITTLE MONEY posted by MARCEL on February 19, 2002 at 5:07 AM : IAM LOOKING FOR A WAY TO PURCHASE FORECLOSURE HOMES TO RESELL WITH LITTLE OR NO MONEY TO BEGIN WITH. IS THERE ANY WAY THAT THIS CAN BE DONE? IF SO, HOW. : THANK YOU. =•=•=•=•=•=•=•=•=•=•= Marcel, here in the real estate hotbed of CA it would be very difficult to find good deals you could buy without any money. One of the motivating factors that a desperate owner at the point of losing their home at a trustee’s sale wants is money to move. And you would need additional money to reinstate a loan to prevent it from going to foreclosure sale. And it would take cash out of pocket to do your cosmetic fix-up to make your re-sale easier and more profitable. I think the “no money” gambit is a marketing ploy that book authors and seminar gurus use to sell more useless books and seminars to the gullible public. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : IAM LOOKING FOR A WAY TO PURCHASE FORECLOSURE HOMES TO RESELL WITH LITTLE OR NO MONEY TO BEGIN WITH. IS THERE ANY WAY THAT THIS CAN BE DONE? IF SO, HOW. : : : THANK YOU. : =•=•=•=•=•=•=•=•=•=•= : Marcel, here in the real estate hotbed of CA it would be very difficult to find good deals you could buy without any money. One of the motivating factors that a desperate owner at the point of losing their home at a trustee’s sale wants is money to move. And you would need additional money to reinstate a loan to prevent it from going to foreclosure sale. And it would take cash out of pocket to do your cosmetic fix-up to make your re-sale easier and more profitable. : I think the “no money” gambit is a marketing ploy that book authors and seminar gurus use to sell more useless books and seminars to the gullible public. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Copyright © 1997-2002, InnoVest Resource Management

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455