Re: Get Running B-4 It's too late...

Posted by Dan on December 05, 2002 at 14:03:36:

In Reply to: Get Running B-4 It's too late... posted by Edward Nolan on December 05, 2002 at 02:30:26:

Ok I followed you I think. On the 80% part I followed if I bought a 67k house for 50k I immediately have 14k in 'equity'. I'm not sure about this.. "At this timeyou can accept a check for up to 14K a".. Who do I "accept" a check from? I can only realize the profit if I sell, right?

And the part about conntacting the owners.... I called the phone numbers that were in the phone book for the name-names listed in the foreclosure notice but could not get anyone to answer.

Should I go to the front door? And I've heard that once the notice of foreclosure hits the paper the banks tend to shut down and refuse to negotiate... Is this common

Follow Ups:






Comments:: Ok I followed you I think. On the 80% part I followed if I bought a 67k house for 50k I immediately have 14k in 'equity'. : : I'm not sure about this.. "At this time: you can accept a check for up to 14K a".. Who do I "accept" a check from? I can only realize the profit if I sell, right?: And the part about conntacting the owners.... I called the phone numbers that were in the phone book for the name-names listed in the foreclosure notice but could not get anyone to answer. : Should I go to the front door? And I've heard that once the notice of foreclosure hits the paper the banks tend to shut down and refuse to negotiate... Is this common

Foreclosure Lists

Resources

Investing Articles

Assistance

Current Discussion

2008 Archives

2007 Archives

Earlier Archives