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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] They are out there folks Posted by BrianH on April 21, 2009 at 9:07 AM Just a word of encouragement for some of the readers who think there are no deals to be had other than cash intensive REO's. Last night I sat down at a owners dinner table and purchased his house. I purchased it for a legitimate 50 cents on the dollar, 20k cash to the owner, subject to an institutional 1st with a 29k balance and the owner carried a second TD at 6% balloon, no payments for a year. The house is in a major city here in SoCal and the lead came from direct mail. Follow Ups: Re: They are out there folks Skimmer 3:47 PM, 04/21/09 (0) Congrats. Nice deal. (nt) JK (the other JK) 10:22 AM, 04/21/09 (0) Terms... Rick, the Probate Guy 9:34 AM, 04/21/09 (4) Re: Terms... BrianH 10:02 AM, 04/21/09 (3) happened to me Skimmer 9:04 PM, 04/21/09 (0) Re: Terms... Kristine-CA 5:37 PM, 04/21/09 (0) Good job Rick, the Probate Guy 10:32 AM, 04/21/09 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Just a word of encouragement for some of the readers who think there are no deals to be had other than cash intensive REO's. : Last night I sat down at a owners dinner table and purchased his house. I purchased it for a legitimate 50 cents on the dollar, 20k cash to the owner, subject to an institutional 1st with a 29k balance and the owner carried a second TD at 6% balloon, no payments for a year. : The house is in a major city here in SoCal and the lead came from direct mail. [ 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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