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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Which wins? Sht sales vs. REO's vs. Trustees Sales?? Posted by BaldRick on November 20, 2009 at 11:20 AM Hi forum, Short Sales vs. REO's vs. Probate vs. Trustees Sales Really hoping the pros (RtPG,Kristine,others...even Ward) will chime in on this one. Especially anyone with experience in multiple deal types.... I'm a Ward grad from 2 years ago and just cut the corporate life line. I was at SoCalREIA meeting last night where Ward spoke (great job as usual) and was kind of struck by the the profit claims (in the powerpoint) of those doing Short Sales & REO's. Being a Ward grad you'll know my bias. But I left there last night wondering if I'm missing something...wondering if my bias was from ignorance. My theory is that any property listed on the MLS (the shopping mall of RE) with full market exposure for probably 30 days or more is going to be sold much closer to retail prices. I can't see how that wouldn't be true (help me)! Don't know enough about Probate, but with Short Sales and REO's according to such theory wouldn't they be far more difficult to get big discounts, versus Trustees Sales where the deal is exposed to typically less than 5 bidders over just a few minutes. 1) Is the main attraction to REO's/Short Sales less cash up front? 2) How are REO/Short Sale Investors getting bargains in a multiple offer environment? 3) Why do you prefer the type of deals you are doing? Follow Ups: Re: Which wins? Sht sales vs. REO's vs. Trustees Sales?? michelle germann 5:22 PM, 11/22/09 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Hi forum, : Short Sales vs. REO's vs. Probate vs. Trustees Sales : Really hoping the pros (RtPG,Kristine,others...even Ward) will chime in on this one. Especially anyone with experience in multiple deal types.... : I'm a Ward grad from 2 years ago and just cut the corporate life line. I was at SoCalREIA meeting last night where Ward spoke (great job as usual) and was kind of struck by the the profit claims (in the powerpoint) of those doing Short Sales & REO's. : Being a Ward grad you'll know my bias. But I left there last night wondering if I'm missing something...wondering if my bias was from ignorance. My theory is that any property listed on the MLS (the shopping mall of RE) with full market exposure for probably 30 days or more is going to be sold much closer to retail prices. I can't see how that wouldn't be true (help me)! Don't know enough about Probate, but with Short Sales and REO's according to such theory wouldn't they be far more difficult to get big discounts, versus Trustees Sales where the deal is exposed to typically less than 5 bidders over just a few minutes. : 1) Is the main attraction to REO's/Short Sales less cash up front? : 2) How are REO/Short Sale Investors getting bargains in a multiple offer environment? : 3) Why do you prefer the type of deals you are doing? [ 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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