Comments on: Buy the Short Sale or Wait for the Foreclosure?

By: Ron

Ron — Thu, 26 Jun 2008 22:43:27 +0000

Good post, I like the see saw picture. I totally agree that sellers shouldn’t try to do one of these themselves, especially in this market when they are as busy as they are, an expert agent is needed. What is your experience with banks trying to shorten that 6 month redemption period to 5 weeks through the “definition of abandonment” under Minnesota Foreclosure law, do you find the banks to be very agressive on this or do you find the future REO agents to come knockin’ early in the process to speed things up? What have you seen from that angle?

By: Ron

Ron — Wed, 25 Jun 2008 05:39:41 +0000

One thing also to think of is when buying new construction during a short sale process, many sub contractors may get their full amount of slightly less, whereas when you buy that new construction from the bank and it has had it’s opportunity to go through the entire foreclosure process, and no subcontractor or junior lien redeemed, you are talking about a clean slate on all work and liens performed by subcontractors.

By: Tax Forclosures

Tax Forclosures — Thu, 19 Jun 2008 06:14:16 +0000

Well im not interested in selling my house…but great points, thank you for this article! One other good source for a bigger deal can be a foreclosure auction that lenders put on AFTER the property hasn’t sold to a retail buyer.

By: buy houses

buy houses — Tue, 01 Apr 2008 17:16:26 +0000

If you’re interested in selling your house fast, looking for a local investor that places We Buy Houses ads in local papers is often a great method of finding a buyer. You also may want to look around your neighbourhood for signs that advertise We Buy Houses. This can also done online.

By: Results from the Best Posts of Your Lives Group Writing Project } Group Writing Projects

Thu, 27 Mar 2008 07:17:43 +0000

[...] Buy the Short Sale or Wait for the Foreclosure? from MinnesotaInvestmentRealEstate.com [...]

By: Orlando Florida Real Estate

Orlando Florida Real Estate — Thu, 20 Mar 2008 14:06:06 +0000

Exactly the short sale may be bad investment in many ways. In time it takes to execute and did you really get the best price for the house.

By: Port Orange Homes For Sale

Port Orange Homes For Sale — Wed, 19 Mar 2008 13:42:44 +0000

A very popular question in america today. Many are choosing the foreclosure and have heard horror stories of short sales taking forever and not working out.

Many find a house and get attached and thats the final choice the house itself.

By: Hotels And Resorts In Hawaii

Hotels And Resorts In Hawaii — Tue, 18 Mar 2008 13:07:36 +0000

This would be a great time to invest in a vaction rental property. Taking advantage of prices for foreclosures is a plus and low interest rates and 1031 tax credit.

Find you shangrala and start lookiing at houses and enjoy your next vacation as well.

By: Florida Luxury Homes

Florida Luxury Homes — Mon, 17 Mar 2008 13:21:01 +0000

Nice post and with so many trying to understand the foreclosure process and short sale process. Many people don’t want to bother with short sale and just jump in and take advantage of the foreclosure. There is something for everyone out there and meeting with a lender and realtor is the best way to see if there is something for you.

By: bloggingzoom.com

bloggingzoom.com — Mon, 17 Mar 2008 01:32:34 +0000

Minnesota Short Sales and Investment Property Foreclosures | Minnesota Investment Property Blog…

The Minnesota foreclosure process is very confusing. With that, real estate investors are sometimes unsure when they will see the best deal: at the short sale or at the foreclosure. Scott Ficek details out the foreclosure process in Minnesota includ…