Posted by RR Smith on April 09, 2000 at 08:29:53:
I guess you could skip over the “buying at auction” step and go directly to the REO step…
(lifts eye brows) but then you have to investigate WHY other REI did not buy at auction.
Since the econ. is good, most places have lots and lots of REI now at auctions. ~~~Maybe it wouldn’t hurt to buy and read a few good foreclosure books, cause these are definitely “post foreclosures”, you also talk about “pre-foreclosures”, which is a different topics (but still covered by foreclosure books). There is two or three days reading just on this board under the search topic foreclosures,REO,auctions, and repo.