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Leoma : Real Estate Advice

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Activity 4
Mon Aug 8, 2016
Todd asked:
Tue Mar 4, 2014
Tabatha Collier answered:
This house sold 3/38/2013 for $290,000. Let me know if I can help you find another one.
Tabatha Collier Coldwell Banker Elite 2568107199
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Fri Jun 22, 2012
Ron Thomas answered:
I seems to me that you would be giving away the advantage and the profit of buying at a discount:
Where's the advantage to you?
Do you think that you will be buying at 40 cents on the dollar and the Investor would be so altruistic that they would help you out for another 10%?

If you have, say 50% of the money, why don't you just look for an REO, put the 50% down for a very favorable Interest Rate, and have a nice home.

The other pitfalls may make this decision easy for you;
With Trustee Sales, you often do not get to do Inspections and you may not get to do a Title Search.
Think about these things.

Trying to squeeze a little extra discount out of the deal, may cost you a lot.

Good luck and may God bless
... more
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Fri Jun 22, 2012
Tim Moore answered:
It varys somewhat by state and each states rules. Here, for example, they have what is called an upset bid so once the gavel falls you have to wait 10 days and in that period anyone can go make a higher bid on the property at the courthouse, at which time you have to wait another 10 days to see if anyone bids more and then wait again and it goes on until no more bids come in. Screwy right? ... more
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