What is the property address?

Asked by Kenza, 75013 Sun Oct 5, 2008

This question is about this property: http://www.trulia.com/foreclosure/2002797132--Lansing-St-Lit…

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David Bolick, Agent, Little Rock, AR
Sun Oct 5, 2008
Kenza, this house in right in my backyard area. I've been a broker for 33 yrs in Little Rock and this is in West Little Rock in the Capitol Estates Subdivision. There are only "2" homes for sale there now and this is NOT either of the two. I've also specialized in Foreclosure property for the last 5 years and I can assure you if this is a "true" foreclosure as the Trulia data feed says, it will be sold on the courthouse steps in LR on Tues, Nov 25th. That means you have to pay ALL CASH....you can't buy a foreclosure using a loan. You can email me at dbonweb@aol.com and I can give you details on how this works. The mortgage company WILL BE the highest bidder in 90%+ of the cases, meaning they are required to bid the amount of the mortgage...but if the house is worth less than the mortgage you certainly wouldn't want to be buying it. Your best buys are ones that have already been foreclosed on and "for sale" by an agent can defined as an REO meaning the bank owns them and they are "priced to sell" regardless how low that might be below the actual mortgage.
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