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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Trustee Sale bump and grind.. Posted by Ward-CA- on December 02, 2001 at 7:19 AM In Reply to: Trustee Sale posted by Jan Cameron on December 01, 2001 at 8:39 PM : Our first trustee sale since we started this adventure is Dec. 7th. Now the question is do we settle on less than we have advanced, so we can take the money and run!. Can you notify the court house of the amount you will accept, at the last minute.? Also the publishing company has gotten the square footage of the house incorrect by 200 sq. Which makes a big difference at bidding. The house is in a very hot area of "selling properties" Our house is not moving so we are thinking ahead to a payday. What do you think? I am so glad we took your course and we have followed your instructions to the tee!. We are cranked///// =?=?=?=?=?=?=?=?=?=?= Jan, in CA the court house personnel have nothing to do with the trustee?s sales being conducted out on their front steps. It just happens to be a handy public building that is easy for most people to find and generally has lots of parking nearby. So the party that will adjust the opening bid for a foreclosing beneficiary, such as yourself, is your trustee. But before you call them let?s just double-check on your opening bid. Is the unpaid balance of the 1st, plus your 2nd?s opening bid, total something less than 80% of the current, fair market value of the property? If it does then I?d leave your opening bid alone. If it doesn?t then I?d consider lowering your opening bid until the combined total to the 1st and 2nd do amount to less than 80% of the fair market value of the property. You just might drum up a ton of interest in the property by running a classified ad in the most widely read newspaper in the area. Put your ad in the column appropriate for houses for sale in the area it is located in. Use a centered header proclaiming FORECLOSURE BARGAIN and the body should read something like: Bid on this gorgeous 4 BR, 3 BA, 2000 sq. ft. home at 123 W. Belmont Dr., in Palm Desert going to foreclosure sale on 12/7 at 10:00 AM sharp, at the Riverside Courthouse, 220 Main St. in Riverside, CA. Minimum bid starts at $67,512.37. In addition you will be assuming a 1st loan of about $212,780. You must bring cashier checks for the entire amount you intend to bid, made payable to yourself. (619) 283-5444 When people call you might take their name and number and promise to call them if there is any last minute postponement. Saves them the trouble of trying to call the trustee?s sale info line and have to know the TS #, etc. You can also fax them the FACTS ABOUT CALIFORNIA?S TRUSTEE SALES and PARTICIPATING AT THE TRUSTEE?S SALE that I?m emailing you as PDF attachments. Hope this helps. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Our first trustee sale since we started this adventure is Dec. 7th. Now the question is do we settle on less than we have advanced, so we can take the money and run!. Can you notify the court house of the amount you will accept, at the last minute.? Also the publishing company has gotten the square footage of the house incorrect by 200 sq. Which makes a big difference at bidding. The house is in a very hot area of "selling properties" Our house is not moving so we are thinking ahead to a payday. What do you think? I am so glad we took your course and we have followed your instructions to the tee!. We are cranked///// : =?=?=?=?=?=?=?=?=?=?= : Jan, in CA the court house personnel have nothing to do with the trustee?s sales being conducted out on their front steps. It just happens to be a handy public building that is easy for most people to find and generally has lots of parking nearby. : So the party that will adjust the opening bid for a foreclosing beneficiary, such as yourself, is your trustee. But before you call them let?s just double-check on your opening bid. Is the unpaid balance of the 1st, plus your 2nd?s opening bid, total something less than 80% of the current, fair market value of the property? If it does then I?d leave your opening bid alone. If it doesn?t then I?d consider lowering your opening bid until the combined total to the 1st and 2nd do amount to less than 80% of the fair market value of the property. : You just might drum up a ton of interest in the property by running a classified ad in the most widely read newspaper in the area. Put your ad in the column appropriate for houses for sale in the area it is located in. : Use a centered header proclaiming FORECLOSURE BARGAIN and the body should read something like: : Bid on this gorgeous 4 BR, 3 BA, 2000 sq. ft. home : at 123 W. Belmont Dr., in Palm Desert going to : foreclosure sale on 12/7 at 10:00 AM sharp, at the : Riverside Courthouse, 220 Main St. in Riverside, CA. : Minimum bid starts at $67,512.37. In addition you will : be assuming a 1st loan of about $212,780. You must bring : cashier checks for the entire amount you intend to bid, : made payable to yourself. (619) 283-5444 : When people call you might take their name and number and promise to call them if there is any last minute postponement. Saves them the trouble of trying to call the trustee?s sale info line and have to know the TS #, etc. You can also fax them the FACTS ABOUT CALIFORNIA?S TRUSTEE SALES and PARTICIPATING AT THE TRUSTEE?S SALE that I?m emailing you as PDF attachments. : Hope this helps. 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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