InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Speaking Schedule Store Foreclosure Codes 50 State Resource Data Foreclosure Glossary Foreclosure Statistics 60+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Empty Lots Posted by SeanW on April 22, 2003 at 6:50 PM Ward, what's your opinion of foreclsoures on vacant land? I see a few of these scattered through my local listings. There are some benefits to raw lots. They are inexpensive, and don't require evictions or insurance. They wouldn't demand much of one's time... just weed clearance and some trash pickup once in a while. I've heard land can be slow to sell. But if you get it cheap enough via foreclsoure, maybe it's worth it. I.e. obtain at deep discount, then market it below FMV to get rid of it. Maybe land has it's own "foreclsoure threshhold" at 60%, or even 50% of FMV? (As opposed to the home purchase at 80%). Do you bother with land at all? Follow Ups: Empty lots ain't that hot... Ward-CA- 8:12 PM, 04/22/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Ward, what's your opinion of foreclsoures on vacant land? I see a few of these scattered through my local listings. : There are some benefits to raw lots. They are inexpensive, and don't require evictions or insurance. They wouldn't demand much of one's time... just weed clearance and some trash pickup once in a while. : I've heard land can be slow to sell. But if you get it cheap enough via foreclsoure, maybe it's worth it. I.e. obtain at deep discount, then market it below FMV to get rid of it. : Maybe land has it's own "foreclsoure threshhold" at 60%, or even 50% of FMV? (As opposed to the home purchase at 80%). Do you bother with land at all? 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

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction.

Copyright © 1997-2003, InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455