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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] The real "gems" are the non-FHA/VA deals.. Posted by Ward-CA- on July 15, 2003 at 7:04 PM In Reply to: Re: No, absolutely not... posted by Michael on July 14, 2003 at 10:20 AM : So, where are the real "gems" are? 90%+ of the homes that are up for foreclosure in Illinois are FHA/VA related. : If the judgement amount is too high to buy at the auction, there is NO way to get them from the bank directly? : Getting them through HUD at a decent prices seems to be impossible. =•=•=•=•=•=•=•=•=•=•= Michael, The real “gems” are the 10% that aren’t FHA/VA related. Those are the ones where the lenders are motivated to limit their losses by discounting the resale prices of their REO’s and moving them out of their inventory as soon as possible. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : So, where are the real "gems" are? 90%+ of the homes that are up for foreclosure in Illinois are FHA/VA related. : : If the judgement amount is too high to buy at the auction, there is NO way to get them from the bank directly? : : Getting them through HUD at a decent prices seems to be impossible. : =•=•=•=•=•=•=•=•=•=•= : Michael, : The real “gems” are the 10% that aren’t FHA/VA related. Those are the ones where the lenders are motivated to limit their losses by discounting the resale prices of their REO’s and moving them out of their inventory as soon as possible. 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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