It's movie time!

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

 

BBBOnLine Reliability Seal

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ]

You don't need to watch reality TV

Posted by Tom on April 28, 2008 at 6:19 AM

In Reply to: Re: As usual, not enough info posted by nita on April 26, 2008 at 12:42 AM

I thought that you might have some recourse, but you only learned about messy divorces. Their kids are probably acting more like adults than their parents, but I digress. It sounds as though the house was being remodeled, albeit $40,000 is extensive remodeling. Sounds like the owners fell victim to change your life and you will change your marriage. Doesn't often work.

Appraisals being off aren't unusual where the appraiser didn't have access. Appraisers aren't Superman. In reality the appraisal was nothing more than a drive-by appraisal (yikes!).

In the given situation realistically it will take at least 4-6 months to get the house back on the market assuming the former owner moves promptly (big if), the foreclosure was done properly, the lender's workload, and various other factors depending upon how the lender administers the listing and property management functions. So if this doesn't fit your required time frame I'd move on. If property is that great, there will be competiton.


Follow Ups:


Post a Followup:

Name    : 
E-Mail  : 
Subject : 
Comments:


[ 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