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
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