Thank you all for your answers and advice. I surely do feel better about my previous purchase after reading your professional opionions. To answer some of the questions, the house was on the market for 3 month, according to the information that I was given, the lowest price for a house sold in the same community was 1.1 million and it was smaller. In regards to the $850,000 house, that was the market asking price a month ago, its scheduled to be auctioned in August, but the current owner tells me that I can own it for $640,000, but he didnt confirm anything as he needs to talk with the bank people. Would any of you guys be interested to help me out with this one ? I'm new to this, and this will be only my second investment purchase in real estate.

Thank you - Sun Jun 22 2008, 17:10

Can someone please explain to me what the following means :?

Asked Thu Jun 19 2008, 21:30 by Mark - Tucson - Home Buying - 7 answers

Mark answered:

Thank you all for your answers. I went ahead and called the current owner of the house. According to him, I'll be able to buy this house before it goes to auction, and he's setting up a meeting with the bank to get me the price that they will be asking for. Do you recommend this move ? - Sun Jun 22 2008, 16:16

If a house is set to be sold at auction, is that final ? or is there anyway to acquire it before the auction ?

Asked Sun Jun 15 2008, 17:03 by Mark - Tucson - Home Buying - 8 answers

Mark answered:

Please note that the auctions I'm referring to are not necessarily bank houses, these are the auctions held at the court house (trustee sale), so is there a way to acquire them before the auction? Or I have to wait 3 month for the auction to buy them?

Thanks - Sun Jun 15 2008, 19:29

I have some money to invest, and I would like to buy a couple of pre-foreclosure homes.

Asked Thu May 22 2008, 14:33 by Mark - 85704 - Foreclosure - 15 answers

Mark answered:

Thank you so much guys for the valuable information. I went ahead and contacted those of you who asked me to. Anymore advice is more than appreciated. I noticed that most of you didnt have positive things to say about RealtryTrac. How else do you guys find the REO's that most of you adviced me to look for ? - Thu May 22 2008, 16:14

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