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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Offer on a house that is scheduled for auction Posted by You're wrong again!! on February 10, 2010 at 3:33 PM In Reply to: Re: Offer on a house that is scheduled for auction posted by jaime on January 29, 2010 at 9:31 PM : "Banks dropping bids 80% of the time." This has not been my experience. It may be 20% or less of the time and if they do drop any bid it is usually at market value or higher and you still have not seen (in most cases) the interior and still will run some risk (unknown foundation problems, mold-such as in a case recently of an associate, entire interior fixtures removed etc) no matter what : with the trustee sales. Id say take the clear title, the ability to inspect and forget about the incredible hassle and headache and the severe competition of it all and chose the short sale-much better route no matter what. Only my opinion. Now that I think about it. When you say "IF they do" drop a bid its AT market value or higher is saying that EVERY sale done at the steps is at market value or higher including those deals who's opening bid is NOT dropped. That's ludicrous. You have no idea what you're talking about. Many DO go to the Bene or to a 3rd party above market value. But, there are plenty of 20% ROI at steps. Tell ya what...YOU stick with the ones at or above market value...and I'll take the others. How's that? Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : "Banks dropping bids 80% of the time." This has not been my experience. It may be 20% or less of the time and if they do drop any bid it is usually at market value or higher and you still have not seen (in most cases) the interior and still will run some risk (unknown foundation problems, mold-such as in a case recently of an associate, entire interior fixtures removed etc) no matter what : : with the trustee sales. Id say take the clear title, the ability to inspect and forget about the incredible hassle and headache and the severe competition of it all and chose the short sale-much better route no matter what. Only my opinion. : Now that I think about it. When you say "IF they do" drop a bid its AT market value or higher is saying that EVERY sale done at the steps is at market value or higher including those deals who's opening bid is NOT dropped. That's ludicrous. You have no idea what you're talking about. Many DO go to the Bene or to a 3rd party above market value. But, there are plenty of 20% ROI at steps. Tell ya what...YOU stick with the ones at or above market value...and I'll take the others. How's that? [ 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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