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Seattle Bubble Forum Archive • View topic - Can anyone explain me about foreclosure real estate investin

Can anyone explain me about foreclosure real estate investin

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Re: Can anyone explain me about foreclosure real estate investin

Postby biliruben » Mon Jul 07, 2008 6:11 am

I wouldn't touch foreclosures right now, but I'm sure some charitable, knowledgeable soul will soon appear, letting you know of all the wonderful possibilities.
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Re: Can anyone explain me about foreclosure real estate investin

Postby ira s » Mon Jul 07, 2008 8:21 am

I have to agree with Biliruben on this one. Foreclosures might be a way to get some instant equity, but it is very risky. The actual foreclosure sale is an auction on the courthouse steps, and the opening bid is usually the amount that the person owes plus fees. In the last few years, a lot of people overpaid for houses, and people bought houses with zero down, etc., so many of the opening bids for houses are for more than the house is worth...Plus you're buying them without the ability to enter them beforehand.

A pre-foreclosure, or short sale is a safer bet but requires a lot of hoops to jump though, can take a lot of time, and deals fall apart, but they are out there.
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Re: Can anyone explain me about foreclosure real estate investin

Postby Lake Hills Renter » Mon Jul 07, 2008 11:13 am

Anyone else expecting a followup post by a new user with 1 post and a link...?
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Re: Can anyone explain me about foreclosure real estate investin

Postby EconE » Mon Jul 07, 2008 3:15 pm

You read my mind LHR. :lol:
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Re: Can anyone explain me about foreclosure real estate investin

Postby The Tim » Mon Jul 07, 2008 5:33 pm

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Re: Can anyone explain me about foreclosure real estate investin

Postby Notabull » Mon Jul 07, 2008 6:33 pm

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Re: Can anyone explain me about foreclosure real estate investin

Postby Lake Hills Renter » Mon Jul 07, 2008 7:42 pm

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Re: Can anyone explain me about foreclosure real estate investin

Postby rose-colored-coolaid » Mon Jul 07, 2008 8:10 pm

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