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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Trustee Auction Posted by JK (the other JK) on April 19, 2008 at 5:23 PM In Reply to: Trustee Auction posted by Keith on April 19, 2008 at 5:14 PM : How much profit does it take to make a bidder interested? : I have a 2nd of 25k going to sale on a property that : has comps in high 300's low 400's.. the property is in : average shape.. : 1st payoff is 344k as of 3/3/2008 : the monthly payment is 2.7k including late fee, taxes, escrow.. : in your opinion.. is there any chance of getting any bidders? : would it be better to lower the opening bid? : thanks, : -keith No intelligent investor will pay greater than 65% of a conservative value on a home in this market. That being said, YES I would consider lowering the bid as maybe an Owner Occupied bidder might be willing to buy your second cheap, move in and continue to make payments on the first (Now that is what I call no qualifying). Good luck. Follow Ups: Re: Trustee Auction hard money lender 6:20 PM, 04/19/08 (2) Re: Trustee Auction JK (the other JK) 7:41 AM, 04/20/08 (1) Re: Trustee Auction Keith 11:14 PM, 04/20/08 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : How much profit does it take to make a bidder interested? : : I have a 2nd of 25k going to sale on a property that : : has comps in high 300's low 400's.. the property is in : : average shape.. : : 1st payoff is 344k as of 3/3/2008 : : the monthly payment is 2.7k including late fee, taxes, escrow.. : : in your opinion.. is there any chance of getting any bidders? : : would it be better to lower the opening bid? : : thanks, : : -keith : No intelligent investor will pay greater than 65% of a conservative value on a home in this market. That being said, YES I would consider lowering the bid as maybe an Owner Occupied bidder might be willing to buy your second cheap, move in and continue to make payments on the first (Now that is what I call no qualifying). Good luck. [ 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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