InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Annual Reunion 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: Is there a scenario that would make it ok to buy at auction via trustee sale? Posted by Grace on April 08, 2009 at 10:02 PM In Reply to: Re: Is there a scenario that would make it ok to buy at auction via trustee sale? posted by Bill H on April 08, 2009 at 3:45 PM : :Thanks Bill Grace : : Is there a scenario/ situation that would make it ok to buy at the auction via trustee sale? : : Grace : Grace: : Several factors come into play. What is the equity here? How much is the tax lien? : Would it be financially feasible and profitable to purchase it and just pay the lien? : Why not purchase it and either sit tight and wait out the 120 IRS right of redemption or negotiate a release for the property. : If it were me, have done it before, I would buy at the sale and sit tight and wait our the IRS. : I, like others that I know, believe in letting sleeping dogs lie. : Unless there is an awful lot of equity they normally will not bother with it. Simply not cost effective for them and they have bigger fish to fry. : Good Luck, : Bill H Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : :Thanks Bill : Grace : : : : Is there a scenario/ situation that would make it ok to buy at the auction via trustee sale? : : : Grace : : Grace: : : Several factors come into play. What is the equity here? How much is the tax lien? : : Would it be financially feasible and profitable to purchase it and just pay the lien? : : Why not purchase it and either sit tight and wait out the 120 IRS right of redemption or negotiate a release for the property. : : If it were me, have done it before, I would buy at the sale and sit tight and wait our the IRS. : : I, like others that I know, believe in letting sleeping dogs lie. : : Unless there is an awful lot of equity they normally will not bother with it. Simply not cost effective for them and they have bigger fish to fry. : : Good Luck, : : Bill H [ 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-date("Y"), 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