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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] It's the cost that's the problem... Posted by Ward-CA- on April 26, 2002 at 4:07 PM In Reply to: What Does't the TSG contain posted by jock on April 26, 2002 at 1:49 PM : Since I am in Oregon and the TSG is available, what information : might it NOT contain that would cause me to want to go down to the recorders office myself to look for? Let's just assume that the trustee has done a thorough job in preparing the TSG. =•=•=•=•=•=•=•=•=•=•= Jock, A Trustee’s Sale Guaranty (TSG) is as accurate as a normal title report concerning who owns the foreclosure property and all the voluntary and involuntary liens against its title. Its accuracy, compared to the accuracy of the title record at the Recorder’s Office, is about 98%. So accuracy isn’t as much of an issue as is the cost of the TSG’s per month. I, like most full-time foreclosure investors research about 300 foreclosure prospects per month. So 300 X $20-30 is $6,000-$9,000 per month—far too much to make it a feasible prospect. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Since I am in Oregon and the TSG is available, what information : : might it NOT contain that would cause me to want to go down to the recorders office myself to look for? Let's just assume that the trustee has done a thorough job in preparing the TSG. : =•=•=•=•=•=•=•=•=•=•= : Jock, : A Trustee’s Sale Guaranty (TSG) is as accurate as a normal title report concerning who owns the foreclosure property and all the voluntary and involuntary liens against its title. Its accuracy, compared to the accuracy of the title record at the Recorder’s Office, is about 98%. : So accuracy isn’t as much of an issue as is the cost of the TSG’s per month. I, like most full-time foreclosure investors research about 300 foreclosure prospects per month. So 300 X $20-30 is $6,000-$9,000 per month—far too much to make it a feasible prospect. 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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