|
Foreclosure Forum |
|
|
Initial Sorting
On Ward's Buying at the Sale CD he mentions adding 60k to the voluntary liens when doing an initial sort. Example: 120k voluntary liens, 120k + 60k = 180k. Property comps at 200k so 180k is 90% of 200k therefore not enough equity. What percentage is acceptable? In my area median home prices are 140-150k. If I added 60k to the voluntary liens in my area I'm not sure I'd find any worth pursuing.
Follow Ups:
Post a Followup:
|
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