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 ] NO subscription service is that reliable... Posted by Ward-CA- on March 27, 2008 at 11:38 PM In Reply to: Re: Trustee reduce opening bid at auction posted by Andy Smog on March 27, 2008 at 4:57 PM Andy, You are taking too much risk with your hard-earned money to blindly trust ANY foreclosure subscription service, since I've never heard them claim that they never make mistakes. In fact, ALL of them have disclaimers plastered on their reports that they are not to be treated as complete or error free. Therefore, you must take on the full responsibility of doing your own title searches in the Official Record--at your county recorder's office. There are reliable methods of doing it fairly quickly and very accurately. So taking unnecessary risks doesn't make any sense. ----------Ward ========== : I have a reliable subscription service that lists all liens. But I didn't verify them since they were not good deals at the original opening bids. : Andy : : "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: 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: : Andy, : You are taking too much risk with your hard-earned money to blindly trust ANY foreclosure subscription service, since I've never heard them claim that they never make mistakes. : In fact, ALL of them have disclaimers plastered on their reports that they are not to be treated as complete or error free. : Therefore, you must take on the full responsibility of doing your own title searches in the Official Record--at your county recorder's office. : There are reliable methods of doing it fairly quickly and very accurately. So taking unnecessary risks doesn't make any sense. : ----------Ward : ========== : : I have a reliable subscription service that lists all liens. But I didn't verify them since they were not good deals at the original opening bids. : : Andy : : : : "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