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 ] Timing of pre-sale approach Posted by Ward-CA- on September 29, 2003 at 3:37 PM In Reply to: Purchasing pre-foreclosures posted by Jason on September 29, 2003 at 8:48 AM : Ward, : I've been talking many owners face to face, in pre-foreclosure in southern california for the last couple weeks and want to get your opinion on what are the best areas I should concentrate in. : Have you had more success in obtaining deals in lower class neighborhoods compared to middle and upper class neighborhoods. In talking to them recently, the owners in middle to upper class neighborhoods seem more educated and are more likely to sell the property before it is sold at auction. : Am I wasting my time in the nice neighborhoods and should I concentrate my efforts mainly in the poorer neighborhoods. Or should I continue to go to middle class neighborhoods still. : thanks =?=?=?=?=?=?=?=?=?=?= Jason, After all of our postulations and what if's, nothing beats real-live trials. If I were you I'd try those areas that seem to be readier to deal with me now rather than later. In this volatile seller's market most defaulting owners think they're better off dealing with their problem tomorrow rather than today. That's because they perceive that the more they wait the more valuable their property becomes. However, in a buyer's market they don't see any value in waiting and thus are a lot more willing to wheel and deal a much earlier?about 30 days after the recording of the Notice of Default. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Ward, : : I've been talking many owners face to face, in pre-foreclosure in southern california for the last couple weeks and want to get your opinion on what are the best areas I should concentrate in. : : Have you had more success in obtaining deals in lower class neighborhoods compared to middle and upper class neighborhoods. In talking to them recently, the owners in middle to upper class neighborhoods seem more educated and are more likely to sell the property before it is sold at auction. : : Am I wasting my time in the nice neighborhoods and should I concentrate my efforts mainly in the poorer neighborhoods. Or should I continue to go to middle class neighborhoods still. : : thanks : =?=?=?=?=?=?=?=?=?=?= : Jason, : After all of our postulations and what if's, nothing beats real-live trials. If I were you I'd try those areas that seem to be readier to deal with me now rather than later. : In this volatile seller's market most defaulting owners think they're better off dealing with their problem tomorrow rather than today. That's because they perceive that the more they wait the more valuable their property becomes. : However, in a buyer's market they don't see any value in waiting and thus are a lot more willing to wheel and deal a much earlier?about 30 days after the recording of the Notice of Default. 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. Read our privacy policy.

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