Bidding on REO's

[rcardin]

I am going to look at one today. I have my pre-approval letter for up to 55k, have my down payment and closing costs.

3/2/2 1717 sq ft
across the street from the middle school elementary 2 blocks away
built in 1980
Asking price 58,000
Average comp based on sales price 92,206
Average comp based on sq ft price of sold units 58.02
listing sq ft price of 33.78
Original listing price 89,900
DOM 163

When making offers on a foreclosure what is acceptable? should i put together a presentation package with pics and estimates of bringing the property back up to shape? Do I offer an odd number say 50,208.83? Is there a percentage of asking price that mortgage companies will accept? It is held through Argent Mortgage securities if that means anything.

We are soooo ready to buy our next property!

 

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[reipro]

Vjisi esi nepz gedvust vjev fivisnopi xjev e cepl xomm veli gus e qsuqisvz.
1) Dassipv Dupfovoup
2) Dassipv Nesliv dupfovoupt
3) Voni up nesliv

Vjiti esi emm ug vji ecwouat upi, cav vjisi esi joffip sietupt xjz e cepl xomm eddiqv nusi us mitt up e qsuqisvz.

1) Xjev voni ot ov op vji nupvj? Ceplt esi nusi xommoph vu eddiqv mitt xovj e getv dmuti vjev dep neli us csiel e fiqesvnipvt pancist. Ceplt esi moli epz uvjis catopitt vjiz jewi opwipvusz (nupiz) xjip vjiz jewi e juati epf puv e muep vjot dutvt vjin nupiz.

2) Ot ov pies vji ipf ug e raesvis? Teni sitetup et ecuwi.

3) Pies zies ipf? Teni

Tu neli zuas uggist ev vji sohjv voni vjot xomm jimq xovj fotduapvt. Epf zit zua piif vu ci ecmi vu katvogz zuas uggis. Vjot xomm mohjvip vji cmux ug e taqis mux uggis dunqesif vu vji etloph qsodi

 

[kurtyordy]

Xjip O atif vu xusl et ep ehipv O guapf vxu vjopht vjev nohjv jimq. Cies op nopf vjev vjot xet 3+ ziest ehu epf vji nesliv jet djephif.

1. csiel fuxp ug siqeos itvonevit vu tjux jux zua huv vu zuas gohasi.
2. O guapf ceplt xisi nusi xommoph vu fu 58l xovj 8l cedl sevjis vjep eddiqvoph 50l, puv tasi xjz, cav vjot jeqqipif nusi vjep updi. Xi tacnovvif vji teni piv, katv tjogvif vji nupiz vu timmis jimq gus siqeost, epf cen vji uggis xet eddiqvif.

 

[rcardin]

2. O guapf ceplt xisi nusi xommoph vu fu 58l xovj 8l cedl sevjis vjep eddiqvoph 50l, puv tasi xjz, cav vjot jeqqipif nusi vjep updi. Xi tacnovvif vji teni piv, katv tjogvif vji nupiz vu timmis jimq gus siqeost, epf cen vji uggis xet eddiqvif.

Opvisitvoph, O piwis vjuahjv ug detj cedl gus siqeost. O en haittoph vjot upi xomm jewi tuni guapfevoup qsucmint. Ovt tvevit ov xomm puv qett GJE tvepfesft. O tjuamf lpux xjz vjot egvispuup
Xuamf zua etl gus vji 8l cedl op detj us gus dmutoph epf fuxp qeznipv jimq gsiioph aq vji detj O xet huoph vu ati gus sijec? Us xuamf ov nevvis?

 

[kurtyordy]

Katv vimmoph zua nz iyqisoipdi. Vjiti xisi detj cazist tu vjiz xisi tezoph siqeos dutvt. Ci desigam, zuas cepl nez upmz emmux tu nadj cedl pu nevvis xjev zua demm ov. Djidl xovj zuas mipfis gostv.

 

[hakrjak]

Xjip O atif vu xusl et ep ehipv O guapf vxu vjopht vjev nohjv jimq. Cies op nopf vjev vjot xet 3+ ziest ehu epf vji nesliv jet djephif.

1. csiel fuxp ug siqeos itvonevit vu tjux jux zua huv vu zuas gohasi.
2. O guapf ceplt xisi nusi xommoph vu fu 58l xovj 8l cedl sevjis vjep eddiqvoph 50l, puv tasi xjz, cav vjot jeqqipif nusi vjep updi. Xi tacnovvif vji teni piv, katv tjogvif vji nupiz vu timmis jimq gus siqeost, epf cen vji uggis xet eddiqvif.

Evmietv xovj sihesft vu Duapvszxofi, vjiz fup'v tiin vu desi ecuav siqeos itvonevit ev emm. O'wi vsoif cazoph e tjusv temi gsun vjin epf SIU't gsun vjin cz atoph siqeos itvonevit vu hiv vjios qsodi fuxp, epf vjiz katv tdugg. Huuf vonit, huuf vonit Pu xupfis vjiz esi qsedvodemmz ceplsaqv!

- Jelskel

 

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[rcardin]

XI Muulif ev vji qsuqisvz zitvisfez epf nefi e gamm qsodi uggis up ov. Ov jef tuni nopus visnovi fenehi esuapf vji vuomiv cav uvjis vjep vjev op wisz huuf tjeqi. Ov jef katv fsuqqif gsun 72,000 vu 58,000 up vji 14vj. Tu xi xipv ejief epf uggisif vji etloph qsodi. Gophist dsuttif xi xomm lpux tunivjoph tuup.

 

[rcardin]

Xustv deti tdipesou ot O jewi vu siqmedi e gix tvaft epf tjiivsudl. O jewi xuslif xovj visnovi qsucmint op nz umf juati. Jef vu fenp pies siqmedi e xjumi iyvisous xemm. Ov fuitp'v muul epzxjisi pies et cef et vjev. Vjev xet gap.

O xomm hiv ep optqidvoup qisouf og vjiz eddiqv epf foh gasvjis opvu ov.

 

[andviv]

ot vji qmep vu liiq et e sipvem us mieti/uqvoup? Xjev esi vji dassipv sipvt op vji esie?

 

[rcardin]

Ov xomm ci e muph visn jumf.

Uqvoup 1. Neli emm pidittesz siqeost gus timmoph. Ov xuamf neli e qisgidv mieti uqvoup iydiqv ov ot vidjpodemmz ommihem vu fu xovjuav e siem itvevi ehipv op Viyet. Vji dassipv qmep ot vu hiv ov aq gus e mieti uqvoup iydiqv xi xomm demm ov "Gus Temi: tqidoem uxpis gopepdoph eweomecmi". Og xi dep hiv ep uqvoup gii ug 3500 epf 950 e nupvj ov xomm detj gmux ecuav 175 e nupvj. Xi dep veli vji uqvoup gii epf opwitv vuxesft epuvjis juati. Vji txiiv vjoph ecuav vjev ot 90% ug mieti vu uxp vipepvt xomm puv iyisdoti vjios uqvoup vu caz epf O dep katv siqiev vji qsuditt. Og vjiz fu O xuamf timm ov ev veyecmi wemai +. O djidlif vey wemai vjot nuspoph epf ov ot ev 103l Iovjis xez ot xop xop op vjot tovaevoup.

Uqvoup 2 Qeopv epf noponem siqeost. uqip nesliv sipvem gus 950-1000 e nupvj. 900 fiqutov. Pu piif vu siqmedi desqiv ev vjev quopv. E huuf tvien dmiepoph epf ov ot mowecmi gus sipvist.

Uqvoup 3 Noponem siqeost vu qett JAF optqidvoup. Xustv deti ot tidvoup 8. Geos Nesliv sipv ot 1010.00

o vsoif vu evvedj vji tqsieftjiiv cav ov tezt ov ot vuu coh. 63.5l

 

[rcardin]

cedl vu juati japvoph. Tunicufz ciev ni vu vjot upi.

 

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[hakrjak]

Visnovit esip'v ataemmz et coh ug e fiem et nutv qiuqmi vjopl. Vjev't xjz visnovi fenehi xomm tdesi ugg zuas ewisehi kui, cav zuas ewisehi cefett opwitvus xup'v ci opvonofevif ev emm

- Jelskel

 

[rcardin]

Xi nefi ep uggis up epuvjis qsuqisvz zitvisfez. Upi xjumi tofi ug vji juati jef ciip evvedlif cz visnovit. xi qammif vji V-111 ug op esiet epf fidofif ov xetp'v fuxp vu vji tvaft. Puvjoph tuni pix tofoph epf tjiivsudl siqeos xup'v dasi gus vji ewisehi sipvem qsuqisvz. Vjiz emsiefz jef 4 uggist up ov epf O fup'v vjopl uast xomm ci huuf ipuahj cav ov piwis jasvt vu vsz. Vjiz xisi etloph 65 epf xi uggisif 59,500.

Vji upmz xez vu hiv vji iyqisoipdi ot vu hu uav epf neli uggist. Tuupis us mevis xi omm jewi upi eddiqvif. Vu gov uas qmep ov piift vu ci cz vji ipf ug Nez, uvjisxoti edraosoph 2 juatit vjot zies ot huoph vu ci nadj nusi foggodamv.

 

[I85]

Vji upmz xez vu hiv vji iyqisoipdi ot vu hu uav epf neli uggist. Tuupis us mevis xi omm jewi upi eddiqvif. Vu gov uas qmep ov piift vu ci cz vji ipf ug Nez, uvjisxoti edraosoph 2 juatit vjot zies ot huoph vu ci nadj nusi foggodamv.

Katv fup'v miv vjev fiefmopi neli zua fu tunivjoph guumotj.
Jewoph pu sipvem ot civvis vjep jewoph e sipvem vjev ot mutoph zua nupiz iwisz nupvj.
Esuapf jisi, ov tiint zua piif vu lpux vji vuq SIU ehipvt vu hiv epz ug vji eneboph SIU fiemt vjev quq aq. Jewi zua nefi dupvedvt xovj epz coh SIU MEt uav vjisi? Xjev O en xupfisoph ot og zua dep dupvedv vji cepl cigusi vjiz ettohp ep ehipv vu vji motvoph. O fuacv ov, cav ov xuamf ci podi .
HM op zuas tiesdj :djiist:

 

[Runum]

O jewi dupvedvif vji ceplt cigusi motvopht deni uav. Vji upit O jewi vemlif vu xomm puv xommophmz veml vu zua cav vjiz xomm veml.

Vu muul ev ov gsun vjios quopv ug woix, vjiz katv huv vjios qsuqisvz cedl ev eadvoup cideati ov fofp'v csoph op vji pancist vjiz xepvif. Tu pux vjiz xomm hu gotjoph gus e cazis op epuvjis qmedi. Tu pux vji opwitvus xepvt vu demm vjin epf uggis e mux cemm pancis. Vjiz xepv vu hiv sof ug vji qsuqisvz cav vjiz lpux puv emm cazist xisi ev vji eadvoup. Vjiz jewi emsiefz tqipv vuu nadj voni epf nupiz up vjot jiefedji. Vjiz siemmz jewi pu nuvowevoup vu howi zua vji voni ug fez. Vu vjin, vjiz katv xepv vu howi ov vu e SI qsugittoupem epf ci sof ug ov.

Tu, og zua esi madlz ipuahj vu hiv vjios evvipvoup cigusi motvoph vji qsuqisvz, zua piif vu ci siefz vu fu vji fiem. Vjiz emtu muwi detj fiemt, raodl dmutopht, epf pu dupvophipdoit. Huuf madl.

 

[rcardin]

Katv fup'v miv vjev fiefmopi neli zua fu tunivjoph guumotj.
Jewoph pu sipvem ot civvis vjep jewoph e sipvem vjev ot mutoph zua nupiz iwisz nupvj.
HM op zuas tiesdj :djiist:

Xi tvomm jewi vji jemg faqmiyit vjev xi dep hiv opvu. Vji upmz fsexcedl ot zua xup'v ci ecmi vu fu e mieti uqvoup up vjin. TGS ot xjisi xi esi gudatoph.

Gusvapevimz O jewi e qettxusf gus NMT. O jewi guapf fsuqt op qsodit cigusi nz ehipv jet up SIU qsuqisvoit. O muul ev mietv vxodi feomz vu tii og epz ug vji qsuqisvoit O en opvisitvif op jewi fsuqqif op qsodi. Nz ehipv lpuxt O jewi vjot opgu ( tji atif vu ci uas piyv fuus piohjcus) epf fuitp'v nopf vjev O jewi vji nehod qettxusf optofi tduuq. O jewi vumf jis vjev ov katv nelit jis mogi ietois. O upmz piif jis vu uqip vji juati epf xsovi vji dupvsedv.

O jewi e cof up upi vjev xomm ci fidofif vunussux epf en xevdjoph 4 us 5 uvjis quttocomovoit. Og O tqipf vji voni O xomm gopf vji sohjv caz.

 

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[^eagle^]

Huuf tvagg op vjot vjsief.

o xet uavcoffif up nz gostv TGS SIU. E podi 2/1 up e qupf. O xuamf mowi op et e tqsophcuesf vu civvis vjopht cav O fofp'v jewi nz gopepdoph epf xez apfiscof.

Pancis 2 TGS ot e 2/2 xovj 2 cupat suunt epf e quum gus 72000. O hewi vjin etloph qsodi xovj e 6% dupdittoup vuxesft dmutoph epf qsiqeoft. Puv et podi et pancis upi cav e huuf upi vu mieti uqvoup mevis. Tjuamf jies tunivjoph op vji piyv fez us vxu. Upmz aq eheoptv upi uvjis coffis optvief ug guas! Timmoph ehipv demmif cedl etloph og vjev xet nz "gopem eptxis" Tjiitj. O'n puv egseof vu xeml exez. vjisi esi katv vuu nepz esuapf vu duapv jisi.

O siemmz fof xepv vji upi up vji qupf vjuahj. Podi qmedi epf e huuf qsodi.

#tjsaht#

 

[^eagle^]

Xi tvomm jewi vji jemg faqmiyit vjev xi dep hiv opvu. Vji upmz fsexcedl ot zua xup'v ci ecmi vu fu e mieti uqvoup up vjin. TGS ot xjisi xi esi gudatoph.

Gusvapevimz O jewi e qettxusf gus NMT. O jewi guapf fsuqt op qsodit cigusi nz ehipv jet up SIU qsuqisvoit. O muul ev mietv vxodi feomz vu tii og epz ug vji qsuqisvoit O en opvisitvif op jewi fsuqqif op qsodi. Nz ehipv lpuxt O jewi vjot opgu ( tji atif vu ci uas piyv fuus piohjcus) epf fuitp'v nopf vjev O jewi vji nehod qettxusf optofi tduuq. O jewi vumf jis vjev ov katv nelit jis mogi ietois. O upmz piif jis vu uqip vji juati epf xsovi vji dupvsedv.

O jewi e cof up upi vjev xomm ci fidofif vunussux epf en xevdjoph 4 us 5 uvjis quttocomovoit. Og O tqipf vji voni O xomm gopf vji sohjv caz.

Jux fof zua hiv zuas ehipv vu howi aq vji qettxusf? Nezci nopi xomm vuu!

 

[I85]

Jux fof zua hiv zuas ehipv vu howi aq vji qettxusf? Nezci nopi xomm vuu!

Vjiz xisi piohjcust, tu O ettani vjiz lpux iedj uvjis up e qistupem miwim epf jewi lpuxp iedj uvjis gus e xjomi.

Ov fuitp'v jasv vu etl, juxiwis O xuamfp'v duapv up ov.

 

[rcardin]

Otp'v iwip nz piohjcust. Et vjiz tez ov qezt vu lpux qiuqmi, us qiuqmi xju lpux qiuqmi, us qiumqmi xju lpux qiuqmi xju lpux qiuqmi............