Notices of default - Posted by salexrizzos

import · August 26, 2003, 11:39pm

Posted by alex on August 27, 2003 at 22:53:13:

Good suggestion. I should focus on one particular area and become familiar with it. Meanwhile, any quick ideas on how to get good comp’s when deciding whether to pursue a prospect or not?

import · August 26, 2003, 11:39pm

Posted by salexrizzos on August 26, 2003 at 23:39:36:

I subscribe to a daily legal newspaper in L.A. that includes notices of default and REOs.

I’m kind of confused, though, because I’m not sure how to determine which ones are good to pursue and which to leave behind. Any advice on how I should use these listings to maximum advantage?

Also, I actually live south in San Diego, so L.A. is a little out of my way. Any advice on finding people to work with who would actually carry out the deals to completion through these listings?

Thanks much
Alex

import · August 26, 2003, 11:53pm

Re: Notices of default - Posted by Scott

Posted by Scott on August 26, 2003 at 23:53:05:

I would suggest that since you live in San Diego to
either get the NODs from your County Recorder’s
office, or from a listing service like County Records
Research. Unless, of course, you work in LA during
the week, and are hanging out there, you can get
listings from ReTrans.

I live and work in Orange County, so I’m between the
two. This is what I do, and I’m primarily a note
buyer. I’m interested in the “hard” deals, where
there seems to be little or no equity. Please email
me if you’d like to talk.

Scott

import · August 27, 2003, 7:32am

Re: Notices of default - Posted by keith hutson

Posted by keith hutson on August 27, 2003 at 07:32:16:

it goes back to knowing your area well. Some people choose certain areas in which to invest in. The reason is they are totally familiar with the neighborhoods, the trends there, the values etc so that when a REO, preforeclosure or auction comes up they know if it’s one they should pursue.

KHutson