InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Speaking Schedule Store Foreclosure Fundamentals Code References 50 State Foreclosure Basics Foreclosure Glossary Foreclosure Statistics 70+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map About Us Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Trustee reduce opening bid at auction Posted by Daniel on March 27, 2008 at 4:34 PM In Reply to: Trustee reduce opening bid at auction posted by Andy Smog on March 27, 2008 at 2:07 PM "didn't do title research, no drove by the poroperty to take a photos. Because of this, I felt it is too risk to bid on it, even I knew it is a good deal." how could you *know* that it was a good deal without a title search??? Hi, : Recently I noticed that many trustee lower their opening bids right at auction site in order to sell it to 3rd party. They were not good deals, but they are once the opening bids are reduced. Since there are so many properties need to be researched, I ignored these properties before the auction, didn't do title research, no drove by the poroperty to take a photos. Because of this, I felt it is too risk to bid on it, even I knew it is a good deal. : How do you guys go around this??? : Thnk you, : Andy Follow Ups: Re: Trustee reduce opening bid at auction Andy Smog 4:57 PM, 03/27/08 (4) NO subscription service is that reliable... Ward-CA- 11:38 PM, 03/27/08 (3) Peace of Mind Tom 12:10 AM, 03/29/08 (2) Re: Peace of Mind Rick, the Probate Guy 7:43 AM, 03/31/08 (1) You're correct Tom 8:24 AM, 03/31/08 (0) Post a Followup: Name : E-Mail : Subject : Comments: : "didn't do title research, no drove by the poroperty to take a photos. Because of this, I felt it is too risk to bid on it, even I knew it is a good deal." : how could you *know* that it was a good deal without a title search??? : Hi, : : Recently I noticed that many trustee lower their opening bids right at auction site in order to sell it to 3rd party. They were not good deals, but they are once the opening bids are reduced. Since there are so many properties need to be researched, I ignored these properties before the auction, didn't do title research, no drove by the poroperty to take a photos. Because of this, I felt it is too risk to bid on it, even I knew it is a good deal. : : How do you guys go around this??? : : Thnk you, : : Andy [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-2008, InnoVest Resource Management
http://www.foreclosureforum.com

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