Re: CASH FOR HOMES

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Posted by Nick(Colorado) on July 01, 2003 at 10:13:58:

In Reply to: CASH FOR HOMES posted by ROBERT PERUSKI on July 01, 2003 at 00:17:10:

Robert Peruski:

If you sell to a foreclosure investor during the redemption
period I would not expect to see much more than 80% of FMV.
This is about what you indicated that you own, in this case.
However you may own more. Before you list the property I would
get the real redemption figure from the trustee. In Michigan
I think that the trustee is the registrer of deeds. If you
owned ~115K when foreclosure started, its probably up to
at least ~125K by now.

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Comments:




: Robert Peruski:





: If you sell to a foreclosure investor during the redemption 


: period I would not expect to see much more than 80% of FMV.


: This is about what you indicated that you own, in this case. 


: However you may own more. Before you list the property I would 


: get the real redemption figure from the trustee. In Michigan


: I think that the trustee is the registrer of deeds. If you


: owned ~115K when foreclosure started, its probably up to 


: at least ~125K by now.








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