Geez Helen, I don't know. What do you think?

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Opportunity at Trustee Sale

Posted by steve w on March 24, 2004 at 8:22 AM

Ward, while following many properties to the Trustee Sale on a foreclosing 1st, most 2nd's are bidding at the sale up to almost the full value of the property.

How do I find opportunity in today's over mortgaged homes where the junior mortgages are reluctant to forfeit their loans and simply forget to come bid at the sale?

Should I only be chasing properties with enough equity beyond the junior mortgages at the TS?

It feels like I'm spinning my wheels. Please help. Thank you. -- Steve (in Calif).


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