Posted by PATRICE on November 21, 2000 at 23:12:59:
HEY, I DON’T KNOW IF ANYONE ANSWERED YOUR QUESTION, BUT THE ANSWER IS YES,FIND OUT WHO THE LENDER IS AND JUST CALL THEM UP AND MAKE AN OFFER, THEY MIGHT JUST TAKE IT.
Bankruptcy - Posted by Greg
Posted by Greg on November 18, 2000 at 06:48:54:
I started investing in real estate in the summer researching foreclosed properties. I try to contact the owners before the banks actually forclose on the property and go to the sheriff’s sale. What I found out that most people who have equity in their houses are not more than likely to “give” you that equity regardless of what creative offer you make them especially if it is a nice property. Even if the property is a “dump” most people now a days are declaring bankruptcy. Even at the sherriff’s a property that I am interested in files bankruptcy or properties are overwhelmed with 2nd & 3rd mortgages. I also looked into REO’s, is there a way to get REO’s from the bank without going through a real estate agent or broker???