REPO's - Posted by Laure

Posted by CarolFL on April 11, 1999 at 09:06:57:

Good morning! You’re up early - catching worms?
I haven’t yet noticed more repo’s, but you can bet your sweet bippy that we will start seeing them, what with all of the 125-135% lending that has been going on!

Of course, the problem will be that there is less than no equity in them, but the lenders will just have to eat it, I guess.

Sonnyboy still at it?

REPO’s - Posted by Laure

Posted by Laure on April 11, 1999 at 06:00:28:

It seems there are more repos coming on the market. Or am I just now finding out about them? Wondering on everyone’s recent experience.

My son has been digging some up by hounding the realtors a few times a week. I found a doosie yesterday, and just might get it ! Everyone seems to be on spring break and the house was only shown twice in two days ! This might be a new strategy… Concentrate around holidays, when other investors get lazy and go on vacation ! hehehe

Laure :slight_smile:

Re: REPO’s - Posted by Mark Nyman

Posted by Mark Nyman on April 11, 1999 at 21:32:13:

how did you find your repo’s? Where are you looking?

Thanks for the information.

Re: REPO’s - Posted by CarolFL

Posted by CarolFL on April 11, 1999 at 10:30:29:

Don’t know where your post REALLY went - but…
Dennis suggests that your son explain to his girlfriend the difference between and asset and a liability … the rehab is the former, she the latter!