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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] In CA best place to find foreclosures--tax liens--money?? Posted by Kim on June 08, 2002 at 11:08 AM Hi, I am in Los Angeles, CA and have read several books on buying real estate and reviewed Carlton Sheets and McCorkle. The problem is that I have a lot of general information and not enough specifics Is the best way to find foreclosures in California through ordering a paper like Daily Commerce that gives you listings of defaults and REOs? Or is it better to subscribe to an on-line service that provides you with auction sale information and then go to Norwalk to the county public records place and do research on the owner's judgments or liens? Or is it better to get foreclosures through a realtor (I was thinking this wasn't good because they get 3%)? What about getting a list of REOs from the bank? Also, I am a new attorney so I don't have money to invest in property because of school loans. Plus I recently purchased a home with 100% financing and then sold it in 8 months. Now my credit is even worse because of the high debt I incurred when I used credit to fix up the home. Is it better to buy property as an individual or a corporation? Also, does anyone know how I can get money whether as an individual or a corporation to buy property? Looking in a newspaper for "creative deals" just doesn't seem to work. Does anyone know of any specific mortgage companies or banks that would finance me or a newly formed corporation to do property investments?...keep in mind my credit is bad because of high debt. Also, what about tax liens in California? I read that California doesn't sale tax certificates, only the property, and that the owner has an indefinate amount of time to dispute the tax lien..but that after a year, a title insurance company will insure the property for sale. Does this mean that buying at a tax lien auction is not a good investment? Sorry for all of the questions..it's just that I have a lot of general information and know what my specific questions are and am in need of specific answers.. Also, if there is any experienced real estate investor in Los Angeles who wouldn't mind being a mentor to an inexperienced investor, I would really appreciate it..plus I may be able to help you with attorney services. my email is kimivette@aol.com Thanks Follow Ups: Best way to go... Ward-CA- 2:52 PM, 06/09/02 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Hi, : I am in Los Angeles, CA and have read several books on buying real estate and reviewed Carlton Sheets and McCorkle. : The problem is that I have a lot of general information and not enough specifics : Is the best way to find foreclosures in California through ordering a paper like Daily Commerce that gives you listings of defaults and REOs? Or is it better to subscribe to an on-line service that provides you with auction sale information and then go to Norwalk to the county public records place and do research on the owner's judgments or liens? Or is it better to get foreclosures through a realtor (I was thinking this wasn't good because they get 3%)? What about getting a list of REOs from the bank? : Also, I am a new attorney so I don't have money to invest in property because of school loans. Plus I recently purchased a home with 100% financing and then sold it in 8 months. Now my credit is even worse because of the high debt I incurred when I used credit to fix up the home. Is it better to buy property as an individual or a corporation? Also, does anyone know how I can get money whether as an individual or a corporation to buy property? Looking in a newspaper for "creative deals" just doesn't seem to work. Does anyone know of any specific mortgage companies or banks that would finance me or a newly formed corporation to do property investments?...keep in mind my credit is bad because of high debt. : Also, what about tax liens in California? I read that California doesn't sale tax certificates, only the property, and that the owner has an indefinate amount of time to dispute the tax lien..but that after a year, a title insurance company will insure the property for sale. Does this mean that buying at a tax lien auction is not a good investment? : Sorry for all of the questions..it's just that I have a lot of general information and know what my specific questions are and am in need of specific answers.. : Also, if there is any experienced real estate investor in Los Angeles who wouldn't mind being a mentor to an inexperienced investor, I would really appreciate it..plus I may be able to help you with attorney services. my email is kimivette@aol.com : Thanks 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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