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Losing Money Nimrods

Posted by LazyMan on June 16, 2010 at 10:59 AM

In my Zip Code where I live, the four 3rd Party Sales that went down over the last several months that are now on the market will all sell at a loss to these auction investors (absent a miracle buyer).

The disparity between the retail/mls market and the auction market is flipped in many parts of LA and OC. In fact, I'm considering buying properties on the MLS and selling them at the TD auctions for a profit. Can I sell through the TD Auction by choice as a Free and Clear owner, or do I have to create a Friendly TD, etc?


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