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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Avoid Trustee's Deed? Posted by SeanW on June 04, 2003 at 7:17 PM Even when there are properties in abundance at the sale, is it still worth negotiating with the owner, and attempting to assume the loans? I am thinking that a "Trustee's Deed" may be a negative flag to the lenders of a potential buyer. I keep reading on other forums, that lenders are getting pickier and want a year or more of ownership. I've also read that appraisers may adjust downward, when they know something was sold via a sale. There's also the possibility that a buyer's agent may be astute enough to check the courthouse records online. He might tell his client "the current owner is an investor and payed $X; don't let him make too much profit..." (At least with loan assumptions and a private equity split, there was no "sale price" recorded in the records.) Follow Ups: Not a problem... Ward-CA- 7:52 PM, 06/04/03 (2) new FHA anti flipping rules effective June 2 Travis-CA 9:45 PM, 06/04/03 (1) It Could Have Been Worse SeanW 7:39 AM, 06/05/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Even when there are properties in abundance at the sale, is it still worth negotiating with the owner, and attempting to assume the loans? : I am thinking that a "Trustee's Deed" may be a negative flag to the lenders of a potential buyer. I keep reading on other forums, that lenders are getting pickier and want a year or more of ownership. I've also read that appraisers may adjust downward, when they know something was sold via a sale. : There's also the possibility that a buyer's agent may be astute enough to check the courthouse records online. He might tell his client "the current owner is an investor and payed $X; don't let him make too much profit..." (At least with loan assumptions and a private equity split, there was no "sale price" recorded in the records.) Optional Link URL: Link Title: Optional Image URL: [ 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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