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 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

Follow Ups:

• Re: Get Running B-4 It's too late... - Edward Nolan (Ohio) 01:08:40 12/06/02 (4)
  • Re: Get Running B-4 It's too late... - Dan 10:40:47 12/06/02 (3)
    • You're Welcome - Edward Nolan (Ohio) 01:12:16 12/07/02 (2)
      • Thanks again. Does your state have this (url) - Dan 13:12:15 12/07/02 (1)
        • I do national searches ... (url) - Edward Nolan (Ohio) 17:58:59 12/07/02 (0)

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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


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