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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Bidding formula for foreclosures Posted by Nate on August 24, 2006 at 2:52 PM Anyone have a good formula for bidding on foreclosures. For example: I read in a weekly business paper the legal notice of a foreclosure taking place in 10 days. I found the address, talked to the owner who is interested in selling to me PRIOR to being foreclosed on. I've done some comparable sales and know what his house could sell for, but not sure where to go from here. His house is worth $165,000, but he still owes $110,000 on the property. What should I offer him? Someone told me there's a simple formula to use in these instances to calculate risk or how much to make. ??? I'm not sure where to go from here--any help? Follow Ups: Re: Bidding formula for foreclosures The Short Sale Realtor 5:51 PM, 09/01/06 (0) Re: Bidding formula for foreclosures Jerry - Ca. 11:56 AM, 08/27/06 (0) Re: Bidding formula for foreclosures john wilson 4:15 PM, 08/24/06 (5) Re: Bidding formula for foreclosures Nate 7:43 PM, 08/24/06 (4) Re: Bidding formula for foreclosures Rick, the Probate Guy 9:59 AM, 08/25/06 (3) Re: Bidding formula for foreclosures Nate 8:31 PM, 08/25/06 (2) Re: Bidding formula for foreclosures Joe 9:57 PM, 08/26/06 (1) Re: Bidding formula for foreclosures john wilson 10:30 AM, 08/28/06 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Anyone have a good formula for bidding on foreclosures. For example: I read in a weekly business paper the legal notice of a foreclosure taking place in 10 days. I found the address, talked to the owner who is interested in selling to me PRIOR to being foreclosed on. I've done some comparable sales and know what his house could sell for, but not sure where to go from here. His house is worth $165,000, but he still owes $110,000 on the property. What should I offer him? Someone told me there's a simple formula to use in these instances to calculate risk or how much to make. ??? I'm not sure where to go from here--any help? Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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