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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Money turn-around Posted by Vodka-CA on August 21, 2003 at 2:03 AM Hello All, Just today I learned about existense of foreclosures, got to the site that advertises Notices of Trustee Sales, and found a house I would like to buy on the auction tomorrow. I don't know anything about all the legal procedures and forms ("Notice of Assignment of Deed of Trust" sounds gibberish to me), I definetly will if I like this area of business. Meanwhile just one quick question....I can have 500K in cash to buy the house (I think it's better than to continue payments on the loan?) (expected sale price 700K), but how soon can I turn money around? Is there any law that requires me to sit on this house for some time before I can sell it? That business would be perfect if can buy-sell within 2 weeks. Thanks Follow Ups: Phase I - The Basics Ward-CA- 7:50 AM, 08/21/03 (2) Re: Phase I - The Basics Vodka-CA 9:31 AM, 08/21/03 (1) Re: Phase I - The Basics nathan 11:15 PM, 09/03/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Hello All, : Just today I learned about existense of foreclosures, got to the site that advertises Notices of Trustee Sales, and found a house I would like to buy on the auction tomorrow. I don't know anything about all the legal procedures and forms ("Notice of Assignment of Deed of Trust" sounds gibberish to me), I definetly will if I like this area of business. Meanwhile just one quick question....I can have 500K in cash to buy the house (I think it's better than to continue payments on the loan?) (expected sale price 700K), but how soon can I turn money around? Is there any law that requires me to sit on this house for some time before I can sell it? That business would be perfect if can buy-sell within 2 weeks. : Thanks 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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