Greenpoint Repos - Posted by Lynn
Posted by Lynn on October 23, 2003 at 12:15:26:
Any one have experience buying Greenpoint repos? Your experiences?
Any park owner/manager who has had a Greenpoint repo in your park? What were your experiences with Greenpoint. How quickly did they get the home sold? Did you have trouble collecting lot rent from Greenpoint?
Have a Greenpoint repo in the park that we just closed on 2 weeks ago. They should have possession of home this month, claim they take 3 bids on home and usually have it sold within 30 days. Do they truly move this fast? We would like to bid on the home, however, was hoping we would have a few months. Really don’t want to use our cash reserves for a home this quickly. Bank wouldn’t like it either. Did buy and resell a repo last month within days. Kept a list of potential buyers. Know we could sell this quickly, more than likely would NOT be a cash sell. The home we bought last month, had set vacant in the same park for over a year, CIT had it for almont a year before we bought it. Advise?