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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] FORGET AUCTIONS INVEST BEFORE Posted by Investar Net, Inc. on March 30, 2002 at 6:35 AM In Reply to: Collusion posted by Sean Wagle on March 30, 2002 at 1:29 AM : To me, this seems like an obvious thing, although I haven't seen it addressed anywhere. : Even in a crowd of 50 auction attendees, there are probably only 5 or 6 who have really deep pockets and are ready to bid on any bait that pops up. The rest are hanging back, waiting for a specific property, or just don't have the bankroll to try. : In any market, these main players will get to know each other after scrapping several times. And at some point, one of them would pull the others aside and say: "Why are we paying the 2nd and 3rd notes off, by bidding against each other? Let's come up with an informal rotation agreement to stay out of each other's way on bids... so we each have a shot at cheap deals!" : Perhaps in the affordable-housing-scarce and deep-pocketed mileiu of southern CA, this is hard to do. But surely it must happen in some places. : So, how prevalent is this? Would the trustee bar bidders who have engaged in collusion? (Or does it *not* happen-- perhaps because the players can't get their egos out of the way, and they "like" winning the bidding!) ABSOLUTELY!! Which is why we created our company. We deal in the Pre Foreclosure market. We call auctions "sucktions"... We provide an investor a means to capitalize on his or her investment. This is a practice we do in conjunction with BeForeclosures, but which is one of our biggest offerings. We bring in an investor into a pre foreclosure, he/she brings a homeowner current, they agree to give you a good return on your money. Done. We can do this in less than a week to stop a foreclosure (as long as the homeowner has good equity, no other liens, etc.). We have a mailing list you can opt into and a deal list we circulate weekly as well. We have properties all over the country with 50% yields and higher (some even with positive cashflow)... We take the pain out of finding homes, standing at auctions and bidding against the same people every week (over bidding), risk of not knowing what is inside, etc. You are presented a deal, know everything up front. We qualify the home. You bring the money we bring you the yield. We are not a REIT. You invest in individual properties. Happy Investing Follow Ups: MickeyRourkeqns MickeyRourkeqns 7:12 PM, 07/25/06 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : To me, this seems like an obvious thing, although I haven't seen it addressed anywhere. : : Even in a crowd of 50 auction attendees, there are probably only 5 or 6 who have really deep pockets and are ready to bid on any bait that pops up. The rest are hanging back, waiting for a specific property, or just don't have the bankroll to try. : : In any market, these main players will get to know each other after scrapping several times. And at some point, one of them would pull the others aside and say: "Why are we paying the 2nd and 3rd notes off, by bidding against each other? Let's come up with an informal rotation agreement to stay out of each other's way on bids... so we each have a shot at cheap deals!" : : Perhaps in the affordable-housing-scarce and deep-pocketed mileiu of southern CA, this is hard to do. But surely it must happen in some places. : : So, how prevalent is this? Would the trustee bar bidders who have engaged in collusion? (Or does it *not* happen-- perhaps because the players can't get their egos out of the way, and they "like" winning the bidding!) : ABSOLUTELY!! Which is why we created our company. We deal in the Pre Foreclosure market. We call auctions "sucktions"... : We provide an investor a means to capitalize on his or her investment. This is a practice we do in conjunction with BeForeclosures, but which is one of our biggest offerings. We bring in an investor into a pre foreclosure, he/she brings a homeowner current, they agree to give you a good return on your money. Done. We can do this in less than a week to stop a foreclosure (as long as the homeowner has good equity, no other liens, etc.). We have a mailing list you can opt into and a deal list we circulate weekly as well. We have properties all over the country with 50% yields and higher (some even with positive cashflow)... : We take the pain out of finding homes, standing at auctions and bidding against the same people every week (over bidding), risk of not knowing what is inside, etc. You are presented a deal, know everything up front. We qualify the home. You bring the money we bring you the yield. We are not a REIT. You invest in individual properties. : Happy Investing 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

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