Ummm . . . what???
You've started the business and NOW you want to know if it's profitable?
Kind of backwards, don't you think? What research did you do before starting the business?
Quick answer: It CAN be profitable, if you know what you're doing. Still, this whole cleaning foreclosures business totally mystifies me. And I worked for an association for 8 years that represented janitorial and cleaning companies. I've written books on the subject. (Check Amazon.) And I still don't get it.
There is money to be made in residential cleaning of all types--scheduled cleaning, move-in/move-out cleaning, and foreclosures. But there's more to be made in the other types. Besides, why limit yourself?
Before you do anything else, do research on the business. Try http://www.bscai.org Especially, look at what's there on marketing and bidding. You absolutely need those.
Good luck.... more
I will just say that this is probably not the forum to answer these questions as Realtors are NOT qualified to offer legal advice. I would ask you to consult an attorney familiar with these type of questions.... more
Go to www.RealtyTrac.com and look at the upper right corner. Click on Free Trial. However, you may not be happy with the results. Realty Trac is good in other parts of the United States, but they have a large lag time here. In other words, there are other ways to get more current information. The easiest is to get a Realtor who lists a lot of foreclosures, and let that Realtor do the work. In other words, let the Realtor send the ones you might like ot you. I represent Fannie Mae, Citi Mortgage, US Bank, PNC Bank and a number of outsourced companies. So, I know what is going to hit the market before nearly everyone else. YOu can go to www.TeamForYOUrDreams.com and click on the button that says "Good Deals Buying Foreclosures", then let us know what you are looking for. Our team will send you the properties that will make you happy. Also, if you want to learn how to get great deals with Short Sales, go to www.CreateAShortSale.com because they are frequently better deals than foreclosures. Good luck.... more
No. You'll have to purchase and close at the current taxable amount. You can appeal only after taking ownership. This is typical with some foreclosures. You may want your Buyer Agent to help you with what past decisions in that neighborhood.... more
What is your question?
Regarding short sales, the process for an FHA short sale is very different than that of a conventional. FHA short sales may be 'pre-approved'. The process is still quite lengthy, but with FHA, you can 'front-load' all of the work so that when the time comes to get an offer, you already understand what the lender will accept. The liklihood of succeeding at an FHA pre-approved short sale is much better than most others.
Please visit my website for more information on short sales. And if I can assist you in selling your home via the short sale method, please contact me. You can click on my avatar/icon or any of the links allowed in posts.
Certified Distressed Property Expert, CDPE
Short Sale Specialist... more