Auctions?

[Mike1306]

Originally Posted by 58robbo

the interesting thing is that it's been re-listed by it's new owners(flippers) after a lick of paint and some gardening for $399000. i told them i'd give them $180000 which would still represent a $20-$30k profit. lol

Well I have a foreclosure that I am closing in 10 days that I will be putting a coat of paint and some gardening into.
You can have it for $180,000

[58robbo]

Originally Posted by Mike Peterson

There is no plaintiff or defendant.
At that point it is foreclosed and the bank owns it and they set it at what ever they want.

the place was offered for shortsale and 3 weeks ago was taken off the market. i recently saw the place on the county clerk's mortgage foreclosure auction list with the name of the owner presented as the defendant and the name of the bank presented as the plaintiff. the date has also been set for 2 weeks time.
would i be correct in saying then that this is the final step in the foreclosure process?

[58robbo]

Originally Posted by Mike Peterson

Well I have a foreclosure that I am closing in 10 days that I will be putting a coat of paint and some gardening into.
You can have it for $180,000

thanks mike but i'm looking for distressed seller prices. i don't think you fall into that category.

[Mike1306]

Originally Posted by 58robbo

thanks mike but i'm looking for distressed seller prices. i don't think you fall into that category.

If I put on a sad face as I sign the contract would that make me distressed enough.

[58robbo]

Originally Posted by Mike Peterson

If I put on a sad face as I sign the contract would that make me distressed enough.

nah but close. the kinda distressed i'm looking for would be prepared to substitute one of the zeros on the asking price for a sad face!